Visa Inc. (V) Holdings Reduced by Jacobs & Co. CA
Jacobs & Co. CA lessened its stake in shares of Visa Inc. (NYSE:V) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 126,571 shares of the credit-card processor’s stock after selling 824 shares during the quarter. Visa comprises about 2.3% of Jacobs & Co. CA’s investment portfolio, making the stock its 2nd biggest position. Jacobs & Co. CA’s holdings in Visa were worth $11,869,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in the business. Texan Capital Management raised its stake in Visa by 2.1% in the 2nd quarter. Texan Capital Management now owns 30,408 shares of the credit-card processor’s stock valued at $2,852,000 after purchasing an additional 627 shares during the last quarter. Mascoma Wealth Management LLC acquired a new stake in shares of Visa during the 2nd quarter worth about $122,000. Trust Co. of Oklahoma boosted its stake in shares of Visa by 0.4% during the 2nd quarter. Trust Co. of Oklahoma now owns 46,985 shares of the credit-card processor’s stock worth $4,406,000 after purchasing an additional 172 shares during the last quarter. Randolph Co Inc acquired a new stake in shares of Visa during the 2nd quarter worth about $16,765,000. Finally, Chesley Taft & Associates LLC boosted its stake in shares of Visa by 1.8% during the 2nd quarter. Chesley Taft & Associates LLC now owns 149,679 shares of the credit-card processor’s stock worth $14,037,000 after purchasing an additional 2,685 shares during the last quarter. Hedge funds and other institutional investors own 81.69% of the company’s stock.
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V has been the topic of a number of analyst reports. UBS AG restated an “overweight” rating on shares of Visa in a research report on Thursday, August 24th. Deutsche Bank AG lifted their target price 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 downgraded Visa from a “hold” rating to a “sell” rating and set a $92.84 price target for the company. in a report on Monday, June 5th. Nomura boosted their price target on Visa from $105.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 21st. Finally, KeyCorp reissued a “buy” rating and set a $110.00 price target on shares of Visa in a research note on Friday, August 25th. Three equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $108.56.
Shares of Visa Inc. (NYSE V) traded up 0.299% on Monday, reaching $105.555. 2,570,857 shares of the company’s stock traded hands. The firm has a market capitalization of $241.34 billion, a P/E ratio of 39.254 and a beta of 0.94. The company’s 50-day moving average is $103.15 and its 200-day moving average is $95.55. Visa Inc. has a 52 week low of $75.17 and a 52 week high of $106.84.
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, beating the Zacks’ consensus estimate 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%. The company’s revenue was up 25.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 EPS. Equities research analysts anticipate that Visa Inc. will post $3.43 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th were issued a dividend of $0.165 per share. 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 0.63%. Visa’s dividend payout ratio (DPR) is presently 24.54%.
In other news, EVP Tullier Kelly Mahon sold 29,772 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 17,360 shares of the company’s stock, valued at $1,751,797.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary B. Cranston sold 10,400 shares of the firm’s 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. 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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