Y.D. More Investments Ltd reduced its position in shares of Visa Inc. (NYSE:V – Free Report) by 9.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,788 shares of the credit-card processor’s stock after selling 1,689 shares during the period. Visa comprises 0.9% of Y.D. More Investments Ltd’s investment portfolio, making the stock its 26th largest holding. Y.D. More Investments Ltd’s holdings in Visa were worth $3,749,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in V. State Street Corp increased its position in Visa by 3.7% during the 1st quarter. State Street Corp now owns 72,897,112 shares of the credit-card processor’s stock valued at $16,435,339,000 after purchasing an additional 2,572,159 shares during the period. Morgan Stanley increased its position in shares of Visa by 13.0% during the fourth quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock worth $10,621,287,000 after buying an additional 5,864,340 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Visa by 4.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 51,100,136 shares of the credit-card processor’s stock worth $10,616,564,000 after buying an additional 2,216,275 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Visa by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 32,221,146 shares of the credit-card processor’s stock valued at $6,683,673,000 after buying an additional 640,839 shares during the period. Finally, Moneta Group Investment Advisors LLC boosted its position in Visa by 116,608.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock valued at $5,090,978,000 after acquiring an additional 24,483,134 shares during the last quarter. Institutional investors own 81.35% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently issued reports on V shares. Mizuho reissued a “neutral” rating and issued a $255.00 price objective on shares of Visa in a research note on Tuesday, August 29th. Royal Bank of Canada increased their price target on Visa from $265.00 to $290.00 in a report on Wednesday, July 26th. Bank of America lifted their price objective on shares of Visa from $270.00 to $275.00 in a research note on Tuesday, July 18th. Wedbush reiterated an “outperform” rating and issued a $270.00 price target on shares of Visa in a report on Thursday, August 31st. Finally, JPMorgan Chase & Co. upped their target price on Visa from $265.00 to $296.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $273.77.
Insider Buying and Selling
In other news, insider Rajat Taneja sold 2,300 shares of Visa stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $240.00, for a total value of $552,000.00. Following the completion of the transaction, the insider now directly owns 232,112 shares in the company, valued at $55,706,880. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Ryan Mcinerney sold 425 shares of the company’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $240.00, for a total transaction of $102,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Rajat Taneja sold 2,300 shares of the stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $240.00, for a total transaction of $552,000.00. Following the completion of the sale, the insider now owns 232,112 shares in the company, valued at $55,706,880. The disclosure for this sale can be found here. In the last ninety days, insiders sold 81,550 shares of company stock valued at $19,795,806. Company insiders own 0.21% of the company’s stock.
Visa Price Performance
Shares of NYSE V opened at $244.64 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.55. The stock has a fifty day simple moving average of $241.67 and a two-hundred day simple moving average of $232.37. Visa Inc. has a 1-year low of $174.60 and a 1-year high of $250.06. The firm has a market cap of $455.48 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 1.81 and a beta of 0.95.
Visa (NYSE:V – Get Free Report) last posted its quarterly earnings results on Tuesday, July 25th. The credit-card processor reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.05. Visa had a return on equity of 49.42% and a net margin of 51.94%. The company had revenue of $8.12 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter in the prior year, the company earned $1.98 EPS. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. Analysts anticipate that Visa Inc. will post 8.65 earnings per share for the current year.
Visa Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Thursday, August 10th. Visa’s payout ratio is currently 22.84%.
Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; and Visa DPS that provides a range of value added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.
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