Visa Inc (NYSE:V) is Giverny Capital Inc.’s 4th Largest Position

Giverny Capital Inc. boosted its holdings in Visa Inc (NYSE:V) by 2.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 309,767 shares of the credit-card processor’s stock after acquiring an additional 7,262 shares during the period. Visa makes up 5.4% of Giverny Capital Inc.’s portfolio, making the stock its 4th largest holding. Giverny Capital Inc.’s holdings in Visa were worth $53,760,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Asset Dedication LLC grew its stake in shares of Visa by 4.2% during the 2nd quarter. Asset Dedication LLC now owns 16,109 shares of the credit-card processor’s stock valued at $2,799,000 after acquiring an additional 647 shares during the period. Laurel Wealth Advisors Inc. boosted its stake in Visa by 12.0% in the 1st quarter. Laurel Wealth Advisors Inc. now owns 7,181 shares of the credit-card processor’s stock worth $1,122,000 after purchasing an additional 767 shares during the period. Doliver Advisors LP boosted its stake in Visa by 16.8% in the 2nd quarter. Doliver Advisors LP now owns 14,848 shares of the credit-card processor’s stock worth $2,577,000 after purchasing an additional 2,134 shares during the period. Investec Asset Management LTD boosted its stake in Visa by 6.6% in the 2nd quarter. Investec Asset Management LTD now owns 4,900,087 shares of the credit-card processor’s stock worth $850,410,000 after purchasing an additional 305,148 shares during the period. Finally, Commerce Bank boosted its stake in Visa by 1.9% in the 2nd quarter. Commerce Bank now owns 613,768 shares of the credit-card processor’s stock worth $106,519,000 after purchasing an additional 11,541 shares during the period. 81.20% of the stock is owned by institutional investors and hedge funds.

V stock traded down $0.41 during midday trading on Friday, reaching $177.57. The company’s stock had a trading volume of 1,153,673 shares, compared to its average volume of 5,973,028. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a fifty day simple moving average of $179.24 and a two-hundred day simple moving average of $167.08. Visa Inc has a 1 year low of $121.60 and a 1 year high of $187.05. The firm has a market capitalization of $349.86 billion, a price-to-earnings ratio of 38.52, a PEG ratio of 1.98 and a beta of 0.97.

Visa (NYSE:V) last released its earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.04. Visa had a return on equity of 41.04% and a net margin of 53.43%. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same quarter last year, the firm posted $1.20 earnings per share. The business’s revenue was up 11.5% compared to the same quarter last year. As a group, analysts forecast that Visa Inc will post 5.4 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Thursday, August 15th. Visa’s payout ratio is 21.69%.

A number of research analysts have recently commented on the company. Wedbush reiterated an “outperform” rating on shares of Visa in a research report on Wednesday, July 3rd. Piper Jaffray Companies set a $207.00 target price on Visa and gave the company a “buy” rating in a research report on Wednesday, July 24th. Jefferies Financial Group increased their target price on Visa from $190.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Barclays increased their target price on Visa from $181.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, Raymond James increased their target price on Visa from $177.00 to $193.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $196.57.

In other Visa news, Director Lloyd Carney sold 3,500 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $182.73, for a total value of $639,555.00. Following the completion of the sale, the director now owns 3,452 shares of the company’s stock, valued at $630,783.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Vasant M. Prabhu sold 25,051 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.14, for a total value of $4,537,738.14. Following the completion of the sale, the insider now directly owns 62,223 shares of the company’s stock, valued at approximately $11,271,074.22. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by corporate insiders.

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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