Means Investment CO. Inc. Acquires 902 Shares of Visa Inc. (NYSE:V)

Means Investment CO. Inc. grew its holdings in Visa Inc. (NYSE:V) by 5.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 18,254 shares of the credit-card processor’s stock after purchasing an additional 902 shares during the period. Visa makes up about 0.9% of Means Investment CO. Inc.’s portfolio, making the stock its 24th biggest position. Means Investment CO. Inc.’s holdings in Visa were worth $3,865,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of V. Norges Bank bought a new position in shares of Visa in the 4th quarter valued at $3,305,348,000. Morgan Stanley grew its position in Visa by 20.2% during the 4th quarter. Morgan Stanley now owns 40,793,518 shares of the credit-card processor’s stock worth $8,922,767,000 after acquiring an additional 6,857,457 shares during the last quarter. Viking Global Investors LP grew its position in Visa by 1,170.4% during the 4th quarter. Viking Global Investors LP now owns 4,085,538 shares of the credit-card processor’s stock worth $893,630,000 after acquiring an additional 3,763,943 shares during the last quarter. Egerton Capital UK LLP grew its position in Visa by 98.4% during the 4th quarter. Egerton Capital UK LLP now owns 4,194,576 shares of the credit-card processor’s stock worth $917,480,000 after acquiring an additional 2,080,265 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Visa by 2.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 77,974,988 shares of the credit-card processor’s stock worth $17,039,976,000 after acquiring an additional 2,064,562 shares during the last quarter. Institutional investors own 80.50% of the company’s stock.

V stock traded up $2.92 during trading on Thursday, reaching $222.19. 125,515 shares of the stock were exchanged, compared to its average volume of 10,067,009. The firm’s 50 day moving average is $214.52 and its 200 day moving average is $207.22. Visa Inc. has a twelve month low of $159.15 and a twelve month high of $228.23. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.68. The firm has a market cap of $433.78 billion, a P/E ratio of 44.93, a price-to-earnings-growth ratio of 3.80 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 28th. The credit-card processor reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.14. Visa had a return on equity of 37.22% and a net margin of 49.74%. The business had revenue of $5.69 billion for the quarter, compared to the consensus estimate of $5.52 billion. During the same period in the prior year, the business earned $1.46 EPS. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. As a group, analysts predict that Visa Inc. will post 5.45 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 1st. Investors of record on Friday, February 12th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Thursday, February 11th. Visa’s dividend payout ratio (DPR) is currently 25.40%.

A number of equities research analysts recently weighed in on V shares. Jefferies Financial Group upgraded Visa from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $195.00 to $250.00 in a research report on Wednesday, January 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on Visa from $220.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, January 14th. Sanford C. Bernstein began coverage on Visa in a research report on Tuesday, January 26th. They set an “outperform” rating and a $232.00 price objective on the stock. Credit Suisse Group lifted their target price on Visa from $255.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, January 29th. Finally, KeyCorp lifted their target price on Visa from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, January 13th. Five equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Visa currently has a consensus rating of “Buy” and a consensus price target of $226.42.

In other Visa news, President Ryan Mcinerney sold 11,194 shares of the business’s stock in a transaction that occurred on Thursday, April 1st. The stock was sold at an average price of $213.87, for a total transaction of $2,394,060.78. Following the completion of the sale, the president now directly owns 11,194 shares of the company’s stock, valued at approximately $2,394,060.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rajat Taneja sold 31,750 shares of the business’s stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $223.00, for a total value of $7,080,250.00. Following the sale, the insider now directly owns 282,606 shares of the company’s stock, valued at $63,021,138. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 93,093 shares of company stock worth $20,418,578. 0.19% of the stock is owned by company insiders.

Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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