Motley Fool Asset Management LLC acquired a new position in shares of Visa (NYSE:V) during the 1st quarter, HoldingsChannel reports. The firm acquired 20,811 shares of the credit-card processor’s stock, valued at approximately $2,489,000.
A number of other large investors have also recently bought and sold shares of V. Robecosam AG raised its position in shares of Visa by 17.8% during the 4th quarter. Robecosam AG now owns 9,562 shares of the credit-card processor’s stock valued at $1,093,000 after acquiring an additional 1,445 shares during the last quarter. First Capital Advisors Group LLC. raised its position in shares of Visa by 10.5% during the 4th quarter. First Capital Advisors Group LLC. now owns 5,650 shares of the credit-card processor’s stock valued at $644,000 after acquiring an additional 535 shares during the last quarter. Davidson Kempner Capital Management LP bought a new stake in shares of Visa during the 3rd quarter valued at $13,155,000. TCI Wealth Advisors Inc. raised its position in shares of Visa by 14.3% during the 4th quarter. TCI Wealth Advisors Inc. now owns 3,390 shares of the credit-card processor’s stock valued at $387,000 after acquiring an additional 423 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Visa by 56.1% during the 3rd quarter. Prudential Financial Inc. now owns 4,023,202 shares of the credit-card processor’s stock valued at $423,401,000 after acquiring an additional 1,445,091 shares during the last quarter. 79.75% of the stock is currently owned by hedge funds and other institutional investors.
Get Visa alerts:In other news, President Ryan Mcinerney sold 38,500 shares of the stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $131.33, for a total transaction of $5,056,205.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP James H. Hoffmeister sold 8,423 shares of the stock in a transaction dated Monday, April 30th. The stock was sold at an average price of $127.67, for a total transaction of $1,075,364.41. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
Visa stock opened at $135.33 on Friday. Visa has a one year low of $93.19 and a one year high of $136.69. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.94 and a quick ratio of 1.94. The stock has a market cap of $276.95 billion, a PE ratio of 38.89, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98.
Visa (NYSE:V) last posted its quarterly earnings data on Wednesday, April 25th. The credit-card processor reported $1.11 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.10. Visa had a net margin of 48.18% and a return on equity of 33.90%. The company had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the prior year, the business posted $0.86 EPS. The company’s quarterly revenue was up 13.3% on a year-over-year basis. sell-side analysts expect that Visa will post 4.52 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 5th. Stockholders of record on Friday, May 18th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, May 17th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.62%. Visa’s dividend payout ratio is 24.14%.
A number of analysts recently commented on the stock. ValuEngine upgraded shares of Visa from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Vetr cut shares of Visa from a “strong-buy” rating to a “buy” rating and set a $135.00 price objective for the company. in a research report on Thursday, April 5th. Wedbush upped their price objective on shares of Visa from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, June 6th. Morgan Stanley upped their price objective on shares of Visa from $140.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, April 26th. Finally, UBS Group assumed coverage on shares of Visa in a research report on Friday, May 18th. They issued a “neutral” rating and a $141.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. Visa currently has an average rating of “Buy” and a consensus price target of $139.09.
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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