Visa Inc. (V) Shares Sold by Neuburgh Advisers LLC
Neuburgh Advisers LLC lowered its position in Visa Inc. (NYSE:V) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 424,656 shares of the credit-card processor’s stock after selling 4,192 shares during the period. Visa makes up 1.5% of Neuburgh Advisers LLC’s holdings, making the stock its 13th largest position. Neuburgh Advisers LLC’s holdings in Visa were worth $37,739,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the company. Private Trust Co. NA increased its stake in shares of Visa by 12.6% in the first quarter. Private Trust Co. NA now owns 36,990 shares of the credit-card processor’s stock valued at $3,287,000 after buying an additional 4,138 shares during the period. DE Burlo Group Inc. increased its stake in shares of Visa by 65.9% in the first quarter. DE Burlo Group Inc. now owns 145,000 shares of the credit-card processor’s stock valued at $12,886,000 after buying an additional 57,600 shares during the period. Peoples Financial Services CORP. increased its stake in shares of Visa by 1.2% in the first quarter. Peoples Financial Services CORP. now owns 77,658 shares of the credit-card processor’s stock valued at $6,902,000 after buying an additional 920 shares during the period. British Airways Pensions Investment Management Ltd increased its stake in shares of Visa by 100.4% in the first quarter. British Airways Pensions Investment Management Ltd now owns 658,038 shares of the credit-card processor’s stock valued at $58,449,000 after buying an additional 329,750 shares during the period. Finally, Tompkins Financial Corp increased its stake in shares of Visa by 50.4% in the first quarter. Tompkins Financial Corp now owns 2,556 shares of the credit-card processor’s stock valued at $195,000 after buying an additional 856 shares during the period. 81.74% of the stock is owned by hedge funds and other institutional investors.
Shares of Visa Inc. (NYSE:V) traded down 0.56% on Thursday, hitting $103.15. The stock had a trading volume of 2,484,004 shares. The firm has a 50 day moving average price of $99.99 and a 200-day moving average price of $93.46. The company has a market cap of $235.84 billion, a price-to-earnings ratio of 38.36 and a beta of 0.94. Visa Inc. has a 52 week low of $75.17 and a 52 week high of $104.20. Visa also saw some unusual options trading on Wednesday. Stock investors purchased 16,913 call options on the stock. This represents an increase of approximately 183% compared to the typical daily volume of 5,972 call 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, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.05. Visa had a return on equity of 30.95% and a net margin of 36.53%. The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter last year, the company posted $0.69 EPS. The company’s revenue for the quarter was up 25.8% compared to the same quarter last year. Analysts anticipate that Visa Inc. will post $3.43 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.64%. Visa’s payout ratio is 24.54%.
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Several analysts have issued reports on V shares. Citigroup Inc. reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Visa in a research report on Thursday, May 25th. UBS AG reaffirmed an “overweight” rating on shares of Visa in a research report on Thursday, August 24th. Deutsche Bank AG increased their price objective on shares of Visa from $124.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Vetr downgraded shares of Visa from a “hold” rating to a “sell” rating and set a $92.84 price objective for the company. in a research report on Monday, June 5th. Finally, Nomura increased their price objective on shares of Visa from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, July 21st. 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 issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $104.76.
In other news, Director Mary B. Cranston sold 10,400 shares of Visa stock in a transaction 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 document filed with the SEC, which is available at this hyperlink. Also, EVP Tullier Kelly Mahon sold 29,772 shares of Visa stock in a transaction 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 transaction, the executive vice president now owns 17,360 shares in the company, valued at approximately $1,751,797.60. The disclosure for this sale can be found here. Company 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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