Cape Cod Five Cents Savings Bank Has $5.96 Million Position in Visa Inc (V)

Cape Cod Five Cents Savings Bank lowered its stake in shares of Visa Inc (NYSE:V) by 3.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,712 shares of the credit-card processor’s stock after selling 1,555 shares during the quarter. Cape Cod Five Cents Savings Bank’s holdings in Visa were worth $5,961,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Hills Bank & Trust Co. boosted its holdings in shares of Visa by 34.3% in the 3rd quarter. Hills Bank & Trust Co. now owns 2,698 shares of the credit-card processor’s stock valued at $405,000 after purchasing an additional 689 shares in the last quarter. Wallington Asset Management LLC boosted its holdings in shares of Visa by 3.8% in the 3rd quarter. Wallington Asset Management LLC now owns 76,429 shares of the credit-card processor’s stock valued at $11,471,000 after purchasing an additional 2,800 shares in the last quarter. Nikko Asset Management Americas Inc. boosted its holdings in shares of Visa by 7.5% in the 3rd quarter. Nikko Asset Management Americas Inc. now owns 250,336 shares of the credit-card processor’s stock valued at $37,853,000 after purchasing an additional 17,520 shares in the last quarter. Patriot Wealth Management Inc. boosted its holdings in shares of Visa by 2.1% in the 3rd quarter. Patriot Wealth Management Inc. now owns 42,083 shares of the credit-card processor’s stock valued at $6,316,000 after purchasing an additional 864 shares in the last quarter. Finally, Gardiner Nancy B acquired a new stake in shares of Visa in the 3rd quarter valued at $1,092,000. 80.63% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP William M. Sheedy sold 3,643 shares of Visa stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $133.07, for a total value of $484,774.01. Following the completion of the transaction, the executive vice president now directly owns 241,983 shares of the company’s stock, valued at approximately $32,200,677.81. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP William M. Sheedy sold 99,636 shares of Visa stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $139.28, for a total value of $13,877,302.08. Following the completion of the transaction, the executive vice president now directly owns 296,925 shares of the company’s stock, valued at $41,355,714. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

Shares of NYSE:V opened at $145.00 on Tuesday. The firm has a market cap of $285.83 billion, a P/E ratio of 31.45, a P/E/G ratio of 1.54 and a beta of 1.11. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.61 and a quick ratio of 1.61. Visa Inc has a 12-month low of $106.60 and a 12-month high of $151.56.

Visa (NYSE:V) last announced its earnings results on Wednesday, October 24th. The credit-card processor reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.01. The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.44 billion. Visa had a return on equity of 38.00% and a net margin of 49.98%. Analysts expect that Visa Inc will post 5.32 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Friday, November 16th will be given a dividend of $0.25 per share. This is a positive change from Visa’s previous quarterly dividend of $0.21. This represents a $1.00 annualized dividend and a yield of 0.69%. The ex-dividend date is Thursday, November 15th. Visa’s dividend payout ratio (DPR) is currently 21.69%.

A number of equities research analysts have weighed in on the company. Bank of America raised their target price on Visa from $155.00 to $163.00 and gave the company a “buy” rating in a report on Monday, August 13th. Wells Fargo & Co raised their target price on Visa from $161.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, October 1st. BMO Capital Markets raised their target price on Visa from $187.00 to $196.00 and gave the company an “outperform” rating in a report on Thursday, October 25th. Credit Suisse Group raised their target price on Visa from $150.00 to $164.00 and gave the company an “outperform” rating in a report on Monday, October 8th. Finally, Robert W. Baird raised their target price on Visa from $156.00 to $162.00 and gave the company an “outperform” rating in a report on Friday, September 14th. Two analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $156.09.

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Visa 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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Institutional Ownership by Quarter for Visa (NYSE:V)

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