Visa Inc. (V) is Kensico Capital Management Corp’s 6th Largest Position
Kensico Capital Management Corp raised its position in Visa Inc. (NYSE:V) by 1.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,285,000 shares of the credit-card processor’s stock after purchasing an additional 56,500 shares during the quarter. Visa makes up approximately 6.3% of Kensico Capital Management Corp’s holdings, making the stock its 6th biggest position. Kensico Capital Management Corp owned about 0.19% of Visa worth $380,808,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mercer Capital Advisers Inc. lifted its position in shares of Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after buying an additional 25 shares during the last quarter. Advantage Investment Management LLC lifted its position in shares of Visa by 27.4% in the first quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock worth $130,000 after buying an additional 314 shares during the last quarter. Delta Asset Management LLC TN lifted its position in shares of Visa by 2.5% in the first quarter. Delta Asset Management LLC TN now owns 1,541 shares of the credit-card processor’s stock worth $137,000 after buying an additional 38 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Visa in the first quarter worth about $153,000. Finally, Tarbox Group Inc. lifted its position in shares of Visa by 259.5% in the first quarter. Tarbox Group Inc. now owns 2,139 shares of the credit-card processor’s stock worth $190,000 after buying an additional 1,544 shares during the last quarter. Hedge funds and other institutional investors own 81.74% of the company’s stock.
Visa Inc. (V) traded down 0.12% during midday trading on Friday, hitting $104.43. The stock had a trading volume of 5,787,188 shares. Visa Inc. has a 1-year low of $75.17 and a 1-year high of $105.44. The company’s 50 day moving average is $101.98 and its 200 day moving average is $94.58. The company has a market cap of $238.77 billion, a price-to-earnings ratio of 38.84 and a beta of 0.94.
Visa (NYSE:V) last released its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. Visa had a net margin of 36.53% and a return on equity of 30.95%. The company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the previous year, the business earned $0.69 earnings per share. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. On average, equities analysts anticipate that Visa Inc. will post $3.42 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th were given a dividend of $0.165 per share. The ex-dividend date was Wednesday, August 16th. This represents a $0.66 annualized dividend and a yield of 0.63%. Visa’s dividend payout ratio is currently 24.54%.
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A number of analysts have weighed in on V shares. Citigroup Inc. reaffirmed a “buy” rating and issued a $100.00 price target on shares of Visa in a research report on Thursday, May 25th. Zacks Investment Research cut Visa from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Vetr cut Visa from a “hold” rating to a “sell” rating and set a $92.84 price target for the company. in a research report on Monday, June 5th. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price target (up previously from $96.00) on shares of Visa in a research report on Tuesday, June 6th. Finally, BidaskClub cut Visa from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. One investment 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 given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $104.77.
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 shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 transaction 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. 0.14% of the stock is owned by insiders.
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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