Boyd Watterson Asset Management LLC OH Sells 1,816 Shares of Visa Inc. (V)
Boyd Watterson Asset Management LLC OH decreased its holdings in Visa Inc. (NYSE:V) by 11.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,142 shares of the credit-card processor’s stock after selling 1,816 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Visa were worth $1,326,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of V. State Street Corp lifted its position in shares of Visa by 0.9% during the 1st quarter. State Street Corp now owns 83,471,859 shares of the credit-card processor’s stock valued at $7,418,151,000 after acquiring an additional 722,878 shares during the period. Bank of New York Mellon Corp increased its position in shares of Visa by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 18,286,230 shares of the credit-card processor’s stock worth $1,625,097,000 after purchasing an additional 73,926 shares during the period. Fisher Asset Management LLC increased its position in shares of Visa by 3.0% in the second quarter. Fisher Asset Management LLC now owns 15,616,151 shares of the credit-card processor’s stock worth $1,464,483,000 after purchasing an additional 452,183 shares during the period. MUFG Securities EMEA plc increased its position in shares of Visa by 7.0% in the first quarter. MUFG Securities EMEA plc now owns 11,768,474 shares of the credit-card processor’s stock worth $1,045,864,000 after purchasing an additional 775,000 shares during the period. Finally, Clearbridge Investments LLC raised its stake in Visa by 41.4% in the first quarter. Clearbridge Investments LLC now owns 9,145,672 shares of the credit-card processor’s stock valued at $812,776,000 after purchasing an additional 2,677,533 shares in the last quarter. Institutional investors and hedge funds own 81.69% of the company’s stock.
In other Visa news, EVP Tullier Kelly Mahon sold 29,772 shares of Visa 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 completion of the sale, the executive vice president now owns 17,360 shares of the company’s stock, valued at approximately $1,751,797.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction on 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. Corporate insiders own 0.14% of the company’s stock.
Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a research report on Tuesday, September 19th. BidaskClub lowered shares of Visa from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. UBS AG reissued an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. Credit Suisse Group set a $112.00 price objective on shares of Visa and gave the company a “buy” rating in a research note on Saturday, July 22nd. Finally, Sandler O’Neill restated a “hold” rating on shares of Visa in a research report on Wednesday, June 21st. Three 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 company’s stock. Visa currently has an average rating of “Buy” and an average target price of $108.76.
Visa Inc. (V) traded down 0.38% during trading on Wednesday, hitting $105.19. The stock had a trading volume of 2,226,165 shares. Visa Inc. has a 1-year low of $75.17 and a 1-year high of $106.84. The company has a market capitalization of $240.51 billion, a P/E ratio of 39.12 and a beta of 0.93. The stock’s 50-day moving average price is $104.22 and its 200-day moving average price is $96.64.
Visa (NYSE:V) last released its quarterly earnings data 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. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.36 billion. Visa had a net margin of 36.53% and a return on equity of 30.95%. Visa’s revenue was up 25.8% compared to the same quarter last year. During the same period last year, the business earned $0.69 EPS. Analysts expect that Visa Inc. will post $3.43 earnings per share for the current year.
The company 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. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Wednesday, August 16th. Visa’s payout ratio is 24.54%.
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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