Delta Financial Advisors LLC Has $7.54 Million Stock Holdings in Visa Inc (NYSE:V)

Delta Financial Advisors LLC lowered its stake in Visa Inc (NYSE:V) by 3.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 40,131 shares of the credit-card processor’s stock after selling 1,485 shares during the period. Visa accounts for approximately 3.0% of Delta Financial Advisors LLC’s holdings, making the stock its 4th biggest holding. Delta Financial Advisors LLC’s holdings in Visa were worth $7,541,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Visa by 2.3% in the 2nd quarter. BlackRock Inc. now owns 123,791,138 shares of the credit-card processor’s stock valued at $21,483,952,000 after buying an additional 2,773,330 shares during the period. Fisher Asset Management LLC boosted its stake in Visa by 2.1% during the 3rd quarter. Fisher Asset Management LLC now owns 20,200,734 shares of the credit-card processor’s stock valued at $3,474,728,000 after purchasing an additional 419,991 shares during the period. Polen Capital Management LLC boosted its stake in Visa by 2.8% during the 4th quarter. Polen Capital Management LLC now owns 10,160,598 shares of the credit-card processor’s stock valued at $1,909,176,000 after purchasing an additional 277,305 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Visa by 0.8% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,242,045 shares of the credit-card processor’s stock valued at $1,360,780,000 after purchasing an additional 58,752 shares during the period. Finally, California Public Employees Retirement System boosted its stake in Visa by 3.3% during the 4th quarter. California Public Employees Retirement System now owns 6,515,769 shares of the credit-card processor’s stock valued at $1,224,313,000 after purchasing an additional 209,670 shares during the period. 81.39% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:V opened at $208.83 on Friday. The company has a 50 day moving average of $198.22 and a 200-day moving average of $183.89. The firm has a market cap of $404.26 billion, a P/E ratio of 38.15, a P/E/G ratio of 2.17 and a beta of 0.91. Visa Inc has a twelve month low of $142.40 and a twelve month high of $210.13. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.46.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $1.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.46. The company had revenue of $6.05 billion during the quarter, compared to analyst estimates of $6.08 billion. Visa had a net margin of 52.60% and a return on equity of 43.15%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.30 EPS. Equities research analysts forecast that Visa Inc will post 6.15 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $0.30 dividend. This is a positive change from Visa’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Thursday, February 13th. Visa’s dividend payout ratio is currently 22.06%.

In other news, EVP William M. Sheedy sold 13,206 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $181.78, for a total value of $2,400,586.68. Following the completion of the sale, the executive vice president now directly owns 254,060 shares of the company’s stock, valued at approximately $46,183,026.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $183.72, for a total transaction of $1,286,040.00. Following the completion of the sale, the chief executive officer now directly owns 84,788 shares of the company’s stock, valued at $15,577,251.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,316 shares of company stock valued at $7,007,434. Company insiders own 0.19% of the company’s stock.

A number of research analysts have issued reports on V shares. Jefferies Financial Group set a $210.00 target price on shares of Visa and gave the company a “buy” rating in a research note on Friday, October 25th. Macquarie started coverage on shares of Visa in a research note on Tuesday, January 21st. They set an “outperform” rating and a $250.00 target price for the company. Nomura reissued a “buy” rating and set a $233.00 target price on shares of Visa in a research note on Monday, January 20th. Moffett Nathanson boosted their target price on shares of Visa from to in a research note on Tuesday, January 7th. Finally, Compass Point started coverage on shares of Visa in a research note on Thursday, December 5th. They set a “buy” rating for the company. Four investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Visa presently has an average rating of “Buy” and a consensus target price of $217.62.

About Visa

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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