Visa Inc. (V) Holdings Lowered by Madison Investment Holdings Inc.
Madison Investment Holdings Inc. cut its position in Visa Inc. (NYSE:V) by 8.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 496,564 shares of the credit-card processor’s stock after selling 42,943 shares during the period. Madison Investment Holdings Inc.’s holdings in Visa were worth $44,130,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its holdings in shares of Visa by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 18,286,230 shares of the credit-card processor’s stock valued at $1,625,097,000 after buying an additional 73,926 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Visa by 1.4% in the 1st quarter. Fisher Asset Management LLC now owns 15,163,968 shares of the credit-card processor’s stock valued at $1,347,622,000 after buying an additional 206,225 shares in the last quarter. MUFG Securities EMEA plc boosted its holdings in shares of Visa by 7.0% in the 1st quarter. MUFG Securities EMEA plc now owns 11,768,474 shares of the credit-card processor’s stock valued at $1,045,864,000 after buying an additional 775,000 shares in the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of Visa by 2.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 8,381,445 shares of the credit-card processor’s stock valued at $744,859,000 after buying an additional 164,971 shares in the last quarter. Finally, C WorldWide Group Holding A S boosted its holdings in shares of Visa by 10.2% in the 1st quarter. C WorldWide Group Holding A S now owns 8,379,106 shares of the credit-card processor’s stock valued at $744,651,000 after buying an additional 773,707 shares in the last quarter. 81.74% of the stock is currently owned by institutional investors.
In other Visa news, Director Mary B. Cranston sold 10,400 shares of the stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Tullier Kelly Mahon sold 29,772 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total value of $3,004,292.52. Following the transaction, the executive vice president now owns 17,360 shares of the company’s stock, valued at $1,751,797.60. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
Visa Inc. (NYSE V) traded up 0.35% during mid-day trading on Wednesday, reaching $103.37. 2,090,148 shares of the company’s stock traded hands. The stock has a market capitalization of $236.35 billion, a PE ratio of 38.44 and a beta of 0.94. The firm’s 50-day moving average price is $101.46 and its 200 day moving average price is $94.37. Visa Inc. has a 12 month low of $75.17 and a 12 month high of $104.20.
Visa (NYSE:V) last issued its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.36 billion. Visa had a return on equity of 30.95% and a net margin of 36.53%. Visa’s revenue 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. Equities research analysts predict that Visa Inc. will post $3.43 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Friday, August 18th were paid a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.64%. Visa’s payout ratio is 24.54%.
V has been the subject of several research analyst reports. Citigroup Inc. restated a “buy” rating and issued a $100.00 target price on shares of Visa in a report on Thursday, May 25th. UBS AG reiterated an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. Deutsche Bank AG increased their price target on shares of Visa from $124.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Vetr cut shares of Visa from a “hold” rating to a “sell” rating and set a $92.84 price target for the company. in a research note on Monday, June 5th. Finally, Nomura increased their price target on shares of Visa from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $104.76.
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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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