Visa Inc. (V) Holdings Maintained by Beck Mack & Oliver LLC
Beck Mack & Oliver LLC held its stake in Visa Inc. (NYSE:V) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,084 shares of the credit-card processor’s stock at the end of the second quarter. Beck Mack & Oliver LLC’s holdings in Visa were worth $946,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in V. Mercer Capital Advisers Inc. increased its position in Visa by 2.2% in the 1st quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock valued at $104,000 after buying an additional 25 shares in the last quarter. Mascoma Wealth Management LLC bought a new stake in Visa in the 2nd quarter valued at about $122,000. SpiderRock Advisors LLC increased its position in Visa by 107.1% in the 2nd quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock valued at $124,000 after buying an additional 19,709 shares in the last quarter. Advantage Investment Management LLC increased its position in Visa by 27.4% in the 1st quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock valued at $130,000 after buying an additional 314 shares in the last quarter. Finally, Delta Asset Management LLC TN increased its position in Visa by 2.5% in the 1st quarter. Delta Asset Management LLC TN now owns 1,541 shares of the credit-card processor’s stock valued at $137,000 after buying an additional 38 shares in the last quarter. 81.68% of the stock is currently owned by institutional investors.
Shares of Visa Inc. (NYSE:V) opened at 105.41 on Wednesday. Visa Inc. has a 52-week low of $75.17 and a 52-week high of $106.84. The firm’s 50 day moving average price is $103.15 and its 200 day moving average price is $95.55. The stock has a market cap of $241.01 billion, a P/E ratio of 39.20 and a beta of 0.94.
Visa (NYSE:V) last issued its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.05. The business had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Visa had a net margin of 36.53% and a return on equity of 30.95%. The company’s revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 EPS. On average, analysts expect that Visa Inc. will post $3.43 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Wednesday, August 16th. Visa’s dividend payout ratio is presently 24.54%.
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A number of analysts recently commented on V shares. Citigroup Inc. reaffirmed a “buy” rating and issued a $100.00 target price on shares of Visa in a research report on Thursday, May 25th. UBS AG reissued an “overweight” rating on shares of Visa in a report on Thursday, August 24th. Deutsche Bank AG boosted their price objective on Visa from $124.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 10th. Vetr lowered Visa from a “hold” rating to a “sell” rating and set a $92.84 price objective for the company. in a report on Monday, June 5th. Finally, Nomura boosted their price objective on Visa from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Four investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $105.52.
In other news, 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 transaction of $3,004,292.52. Following the transaction, the executive vice president now owns 17,360 shares in the company, valued at approximately $1,751,797.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $1,074,528.00. 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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