Capital International Inc. CA decreased its position in shares of Visa Inc (NYSE:V) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 665,165 shares of the credit-card processor’s stock after selling 22,044 shares during the quarter. Visa makes up 1.7% of Capital International Inc. CA’s holdings, making the stock its 9th largest holding. Capital International Inc. CA’s holdings in Visa were worth $124,985,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. OLD Second National Bank of Aurora bought a new stake in Visa during the fourth quarter valued at about $27,000. Sageworth Trust Co bought a new stake in Visa during the fourth quarter valued at about $40,000. Lloyd Advisory Services LLC. bought a new stake in Visa during the fourth quarter valued at about $43,000. TI Trust Inc. bought a new stake in Visa during the fourth quarter valued at about $44,000. Finally, CXI Advisors bought a new stake in Visa during the fourth quarter valued at about $45,000. 82.41% of the stock is currently owned by institutional investors and hedge funds.
NYSE V traded up $5.85 during trading on Thursday, hitting $167.64. The company’s stock had a trading volume of 8,252,216 shares, compared to its average volume of 19,172,908. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market cap of $303.27 billion, a PE ratio of 30.59, a P/E/G ratio of 1.66 and a beta of 0.94. The business’s 50 day simple moving average is $186.24 and its 200-day simple moving average is $184.64. Visa Inc has a fifty-two week low of $133.93 and a fifty-two week high of $214.17.
Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $1.46 earnings per share for the quarter, hitting the consensus estimate of $1.46. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $6.08 billion. Visa had a return on equity of 43.15% and a net margin of 52.60%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the company earned $1.30 earnings per share. Analysts expect that Visa Inc will post 6.02 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.72%. This is a boost from Visa’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, February 13th. Visa’s dividend payout ratio (DPR) is presently 22.06%.
A number of brokerages recently weighed in on V. Citigroup dropped their price objective on Visa from $236.00 to $225.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. Credit Suisse Group dropped their price objective on Visa from $223.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday. Cantor Fitzgerald raised their price objective on Visa from $200.00 to $228.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Morgan Stanley dropped their price objective on Visa from $188.00 to $172.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, SunTrust Banks reaffirmed an “in-line” rating and set a $230.00 price objective on shares of Visa in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $214.15.
In related news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of Visa stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $204.00, for a total transaction of $1,428,000.00. Following the completion of the transaction, the chief executive officer now directly owns 148,090 shares in the company, valued at $30,210,360. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO James H. Hoffmeister sold 2,186 shares of Visa stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $208.71, for a total value of $456,240.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,371 shares of company stock valued at $7,814,759. Company insiders own 0.19% of the company’s stock.
Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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