Visa Inc. (V) Position Lowered by Sand Hill Global Advisors LLC
Sand Hill Global Advisors LLC reduced its position in shares of Visa Inc. (NYSE:V) by 0.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 79,145 shares of the credit-card processor’s stock after selling 197 shares during the period. Visa comprises 0.9% of Sand Hill Global Advisors LLC’s investment portfolio, making the stock its 16th largest position. Sand Hill Global Advisors LLC’s holdings in Visa were worth $7,034,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. World Asset Management Inc boosted its stake in Visa by 19.0% in the first quarter. World Asset Management Inc now owns 204,928 shares of the credit-card processor’s stock worth $18,212,000 after buying an additional 32,674 shares during the period. FSI Group LLC acquired a new stake in Visa during the first quarter worth approximately $3,333,000. Baskin Financial Services Inc. boosted its stake in Visa by 2.4% in the first quarter. Baskin Financial Services Inc. now owns 145,584 shares of the credit-card processor’s stock worth $12,940,000 after buying an additional 3,391 shares during the period. Swiss National Bank boosted its stake in Visa by 23.2% in the first quarter. Swiss National Bank now owns 7,360,428 shares of the credit-card processor’s stock worth $654,121,000 after buying an additional 1,388,200 shares during the period. Finally, Crawford Investment Counsel Inc. boosted its stake in Visa by 6.7% in the first quarter. Crawford Investment Counsel Inc. now owns 126,007 shares of the credit-card processor’s stock worth $11,198,000 after buying an additional 7,893 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.
Visa Inc. (NYSE V) traded up 0.080% during midday trading on Friday, hitting $103.303. The company had a trading volume of 970,430 shares. Visa Inc. has a 52-week low of $75.17 and a 52-week high of $104.20. The firm has a market cap of $236.19 billion, a price-to-earnings ratio of 38.417 and a beta of 0.94. The stock has a 50 day moving average of $99.71 and a 200 day moving average of $93.34.
Visa (NYSE:V) last issued its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.05. The firm had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Visa had a net margin of 36.53% and a return on equity of 30.95%. Visa’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share. On average, analysts anticipate that Visa Inc. will post $3.43 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Friday, August 18th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Wednesday, August 16th. Visa’s dividend payout ratio is presently 24.54%.
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A number of analysts have recently issued reports on V shares. KeyCorp reaffirmed a “buy” rating and issued a $110.00 price target on shares of Visa in a research note on Friday. UBS AG reaffirmed an “overweight” rating on shares of Visa in a research note on Thursday. Robert W. Baird reaffirmed a “buy” rating on shares of Visa in a research note on Thursday. Vetr lowered Visa from a “hold” rating to a “sell” rating and set a $100.88 price target on the stock. in a research note on Tuesday. Finally, BidaskClub raised Visa from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $104.76.
In other Visa 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 completion of the sale, the executive vice president now directly owns 17,360 shares in the company, valued at $1,751,797.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary B. Cranston sold 10,400 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
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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