Boston Family Office LLC grew its stake in shares of Visa Inc. (NYSE:V) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,993 shares of the credit-card processor’s stock after purchasing an additional 1,175 shares during the period. Boston Family Office LLC’s holdings in Visa were worth $4,970,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Investment Advisory Services LLC lifted its holdings in shares of Visa by 0.4% during the second quarter. Capital Investment Advisory Services LLC now owns 4,747 shares of the credit-card processor’s stock valued at $445,000 after purchasing an additional 20 shares during the last quarter. Baker Ellis Asset Management LLC lifted its stake in Visa by 0.3% in the 2nd quarter. Baker Ellis Asset Management LLC now owns 6,262 shares of the credit-card processor’s stock worth $587,000 after acquiring an additional 20 shares in the last quarter. Smithfield Trust Co. lifted its stake in Visa by 0.3% in the 1st quarter. Smithfield Trust Co. now owns 9,047 shares of the credit-card processor’s stock worth $804,000 after acquiring an additional 25 shares in the last quarter. Harwood Advisory Group LLC lifted its stake in Visa by 0.9% in the 2nd quarter. Harwood Advisory Group LLC now owns 2,765 shares of the credit-card processor’s stock worth $259,000 after acquiring an additional 25 shares in the last quarter. Finally, Sky Investment Group LLC lifted its stake in Visa by 0.9% in the 2nd quarter. Sky Investment Group LLC now owns 2,685 shares of the credit-card processor’s stock worth $252,000 after acquiring an additional 25 shares in the last quarter. 82.46% of the stock is owned by institutional investors and hedge funds.
In related news, Director Mary B. Cranston sold 10,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total transaction of $1,074,528.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is currently owned by company insiders.
Several brokerages recently issued reports on V. Citigroup Inc. reissued a “buy” rating and issued a $115.00 price objective (up from $100.00) on shares of Visa in a research note on Monday, July 24th. Wells Fargo & Company reissued a “market perform” rating and issued a $100.00 price objective (up from $87.50) on shares of Visa in a research note on Saturday, July 22nd. Instinet increased their price objective on Visa from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Zacks Investment Research downgraded Visa from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, BidaskClub downgraded Visa from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Three 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’s stock. The stock has an average rating of “Buy” and a consensus target price of $116.08.
Shares of Visa Inc. (NYSE V) opened at $111.70 on Monday. 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 Inc. has a 52-week low of $75.17 and a 52-week high of $112.90. The company has a market capitalization of $232,262.88, a P/E ratio of 32.15, a price-to-earnings-growth ratio of 1.64 and a beta of 0.97.
Visa (NYSE:V) last announced its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.05. The firm had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter in the prior year, the business posted $0.78 EPS. Visa’s revenue was up 13.9% compared to the same quarter last year. sell-side analysts expect that Visa Inc. will post 4.05 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th will be given a $0.195 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.70%. This is an increase from Visa’s previous quarterly dividend of $0.17. Visa’s dividend payout ratio (DPR) is currently 23.57%.
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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