Visa Inc. (V) Shares Sold by FUKOKU MUTUAL LIFE INSURANCE Co
FUKOKU MUTUAL LIFE INSURANCE Co decreased its stake in shares of Visa Inc. (NYSE:V) by 49.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,720 shares of the credit-card processor’s stock after selling 10,500 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Visa were worth $953,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. Pekin Singer Strauss Asset Management IL bought a new position in Visa during the fourth quarter worth $1,104,000. Capital International Inc. CA increased its position in Visa by 32.1% in the fourth quarter. Capital International Inc. CA now owns 157,800 shares of the credit-card processor’s stock worth $12,312,000 after buying an additional 38,300 shares in the last quarter. Private Trust Co. NA increased its position in Visa by 12.6% in the first quarter. Private Trust Co. NA now owns 36,990 shares of the credit-card processor’s stock worth $3,287,000 after buying an additional 4,138 shares in the last quarter. West Oak Capital LLC increased its position in Visa by 20.0% in the first quarter. West Oak Capital LLC now owns 3,589 shares of the credit-card processor’s stock worth $319,000 after buying an additional 598 shares in the last quarter. Finally, Archon Partners LLC increased its position in Visa by 0.3% in the fourth quarter. Archon Partners LLC now owns 101,560 shares of the credit-card processor’s stock worth $7,924,000 after buying an additional 260 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors and hedge funds.
Visa Inc. (NYSE V) traded up 0.34% during trading on Friday, reaching $102.51. 5,670,884 shares of the company’s stock traded hands. The firm’s 50 day moving average is $98.78 and its 200-day moving average is $92.76. Visa Inc. has a 12 month low of $75.17 and a 12 month high of $103.93. The company has a market capitalization of $234.38 billion, a price-to-earnings ratio of 38.12 and a beta of 0.94. Visa also was the target of unusually large options trading activity on Wednesday. Stock investors purchased 12,583 put options on the stock. This represents an increase of approximately 163% compared to the typical daily volume of 4,785 put options.
Visa (NYSE:V) last issued its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.05. The business had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.36 billion. Visa had a net margin of 36.53% and a return on equity of 30.95%. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. Analysts expect that Visa Inc. will post $3.43 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Friday, August 18th will be given a dividend of $0.165 per share. The ex-dividend date is Wednesday, August 16th. This represents a $0.66 annualized dividend and a yield of 0.64%. Visa’s dividend payout ratio (DPR) is 24.54%.
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A number of equities analysts have weighed in on V shares. Vetr downgraded shares of Visa from a “hold” rating to a “sell” rating and set a $92.84 price target on the stock. in a research note on Monday, June 5th. CIBC increased their price target on shares of Visa from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. Zacks Investment Research downgraded shares of Visa from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub downgraded shares of Visa from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Credit Suisse Group set a $112.00 price objective on shares of Visa and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Four research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company. Visa currently has a consensus rating of “Buy” and a consensus price target of $104.56.
In related news, EVP Tullier Kelly Mahon sold 29,772 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the transaction, the executive vice president now owns 17,360 shares in the company, valued at approximately $1,751,797.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.14% of the stock is owned by corporate insiders.
Visa Company Profile
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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