Comprehensive Portfolio Management LLC purchased a new position in shares of Visa Inc (NYSE:V) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 9,536 shares of the credit-card processor’s stock, valued at approximately $894,000. Visa makes up 0.4% of Comprehensive Portfolio Management LLC’s portfolio, making the stock its 24th largest position.
Several other institutional investors also recently modified their holdings of the company. Adell Harriman & Carpenter Inc. boosted its holdings in shares of Visa by 1.6% in the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 125,818 shares of the credit-card processor’s stock valued at $11,799,000 after buying an additional 2,021 shares in the last quarter. Richard Bernstein Advisors LLC boosted its holdings in shares of Visa by 9.5% in the 2nd quarter. Richard Bernstein Advisors LLC now owns 109,357 shares of the credit-card processor’s stock valued at $10,255,000 after buying an additional 9,507 shares in the last quarter. Investment Management of Virginia LLC boosted its holdings in shares of Visa by 0.5% in the 2nd quarter. Investment Management of Virginia LLC now owns 24,752 shares of the credit-card processor’s stock valued at $2,321,000 after buying an additional 115 shares in the last quarter. Giverny Capital Inc. boosted its holdings in shares of Visa by 1.0% in the 2nd quarter. Giverny Capital Inc. now owns 337,801 shares of the credit-card processor’s stock valued at $31,679,000 after buying an additional 3,500 shares in the last quarter. Finally, Catamount Wealth Management boosted its holdings in shares of Visa by 2.4% in the 2nd quarter. Catamount Wealth Management now owns 85,535 shares of the credit-card processor’s stock valued at $8,021,000 after buying an additional 2,031 shares in the last quarter. Institutional investors and hedge funds own 81.75% of the company’s stock.
Several research analysts have recently issued reports on the stock. Loop Capital upped their target price on shares of Visa from $111.00 to $123.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Morgan Stanley upped their target price on shares of Visa from $125.00 to $126.00 and gave the company an “overweight” rating in a report on Thursday, October 26th. SunTrust Banks, Inc. upped their target price on shares of Visa from $110.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a report on Thursday, October 26th. Finally, BidaskClub upgraded shares of Visa from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 10th. Three equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. Visa has an average rating of “Buy” and a consensus target price of $116.08.
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Shares of Visa Inc (NYSE:V) opened at $111.36 on Friday. The company has a market cap of $254.65 billion, a PE ratio of 31.89, a P/E/G ratio of 1.63 and a beta of 0.98. Visa Inc has a 12 month low of $75.17 and a 12 month high of $111.42. The company has a quick ratio of 1.65, a current ratio of 1.90 and a debt-to-equity ratio of 0.61.
Visa (NYSE:V) last issued its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.05. Visa had a net margin of 36.49% and a return on equity of 31.80%. The firm had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.63 billion. During the same period in the prior year, the company earned $0.78 EPS. The firm’s revenue was up 13.9% on a year-over-year basis. equities analysts anticipate that Visa Inc will post 4.05 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.195 per share. This is a boost from Visa’s previous quarterly dividend of $0.17. This represents a $0.78 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, November 16th. Visa’s dividend payout ratio (DPR) is currently 24.54%.
In other Visa news, Director Mary B. Cranston sold 10,400 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is owned by company insiders.
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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