WealthTrust Arizona LLC Sells 162 Shares of Visa Inc. (V)
WealthTrust Arizona LLC reduced its stake in shares of Visa Inc. (NYSE:V) by 7.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,068 shares of the credit-card processor’s stock after selling 162 shares during the period. WealthTrust Arizona LLC’s holdings in Visa were worth $194,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. American Investment Services Inc. purchased a new stake in shares of Visa during the first quarter valued at approximately $203,000. Charter Trust Co. increased its stake in Visa by 7.4% in the first quarter. Charter Trust Co. now owns 20,140 shares of the credit-card processor’s stock worth $1,790,000 after buying an additional 1,396 shares during the last quarter. Waverton Investment Management Ltd increased its stake in Visa by 848.2% in the first quarter. Waverton Investment Management Ltd now owns 377,299 shares of the credit-card processor’s stock worth $33,531,000 after buying an additional 337,506 shares during the last quarter. Trust Co. of Oklahoma increased its stake in Visa by 0.6% in the first quarter. Trust Co. of Oklahoma now owns 46,813 shares of the credit-card processor’s stock worth $4,160,000 after buying an additional 300 shares during the last quarter. Finally, Gillespie Robinson & Grimm Inc. increased its stake in Visa by 13.2% in the first quarter. Gillespie Robinson & Grimm Inc. now owns 276,662 shares of the credit-card processor’s stock worth $24,587,000 after buying an additional 32,330 shares during the last quarter. Institutional investors and hedge funds own 81.74% of the company’s stock.
Visa Inc. (V) traded up 0.10% during midday trading on Tuesday, reaching $103.88. 2,408,206 shares of the company’s stock traded hands. The stock has a 50-day moving average of $99.99 and a 200 day moving average of $93.46. Visa Inc. has a 52-week low of $75.17 and a 52-week high of $104.20. The company has a market cap of $237.51 billion, a P/E ratio of 38.63 and a beta of 0.94.
Visa (NYSE:V) last released its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.05. The company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.36 billion. Visa had a return on equity of 30.95% and a net margin of 36.53%. Visa’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS. On average, analysts anticipate that Visa Inc. will post $3.43 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Friday, August 18th will be given a $0.165 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $0.66 dividend on an annualized basis and a yield of 0.64%. Visa’s payout ratio is 24.54%.
Several research analysts have recently commented on V shares. Vetr lowered shares of 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, August 22nd. Robert W. Baird restated a “buy” rating on shares of Visa in a research note on Thursday, August 24th. UBS AG restated an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. KeyCorp restated a “buy” rating and set a $110.00 price target on shares of Visa in a research note on Friday. Finally, BidaskClub upgraded shares of Visa from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $104.76.
In other Visa news, Director Mary B. Cranston sold 10,400 shares of the business’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 value of $1,074,528.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Tullier Kelly Mahon sold 29,772 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $100.91, for a total value of $3,004,292.52. Following the completion of the sale, the executive vice president now owns 17,360 shares of the company’s stock, valued at approximately $1,751,797.60. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.
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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