Norman Fields Gottscho Capital Management LLC lessened its stake in shares of Visa Inc. (NYSE:V) by 2.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 158,482 shares of the credit-card processor’s stock after selling 3,470 shares during the quarter. Visa comprises about 9.3% of Norman Fields Gottscho Capital Management LLC’s holdings, making the stock its 2nd biggest holding. Norman Fields Gottscho Capital Management LLC’s holdings in Visa were worth $14,862,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of V. Clearbridge Investments LLC lifted its position in shares of Visa by 41.4% during the 1st quarter. Clearbridge Investments LLC now owns 9,145,672 shares of the credit-card processor’s stock worth $812,776,000 after buying an additional 2,677,533 shares during the last quarter. Swiss National Bank lifted its position in shares of Visa by 23.2% during the 1st 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 last quarter. Akre Capital Management LLC lifted its position in shares of Visa by 35.0% during the 1st quarter. Akre Capital Management LLC now owns 4,889,020 shares of the credit-card processor’s stock worth $434,487,000 after buying an additional 1,267,080 shares during the last quarter. Karp Capital Management Corp lifted its position in shares of Visa by 3,256.5% during the 1st quarter. Karp Capital Management Corp now owns 970,495 shares of the credit-card processor’s stock worth $86,248,000 after buying an additional 941,581 shares during the last quarter. Finally, MUFG Securities EMEA plc lifted its position in shares of Visa by 7.0% during the 1st quarter. MUFG Securities EMEA plc now owns 11,768,474 shares of the credit-card processor’s stock worth $1,045,864,000 after buying an additional 775,000 shares during the last quarter. Institutional investors and hedge funds own 81.74% of the company’s stock.

Visa Inc. (NYSE V) traded down 0.74% during midday trading on Friday, hitting $105.30. 12,622,921 shares of the company traded hands. The stock has a 50 day moving average of $102.82 and a 200 day moving average of $95.21. Visa Inc. has a 12-month low of $75.17 and a 12-month high of $106.84. The stock has a market cap of $240.76 billion, a P/E ratio of 39.16 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The firm had revenue of $4.57 billion for 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 earnings per share. Equities research analysts predict that Visa Inc. will post $3.43 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Friday, August 18th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Wednesday, August 16th. Visa’s payout ratio is currently 24.54%.

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V has been the subject of several research reports. Citigroup Inc. reiterated 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 downgraded shares of Visa from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Vetr downgraded shares of 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 reiterated 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 downgraded shares of Visa from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Four equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $105.35.

In related news, EVP Tullier Kelly Mahon sold 29,772 shares of Visa stock in a transaction dated 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 approximately $1,751,797.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary B. Cranston sold 10,400 shares of Visa stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Visa 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.

Institutional Ownership by Quarter for Visa (NYSE:V)

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