Hall Laurie J Trustee continued to hold its stake in Visa Inc (NYSE:V) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,090 shares of the credit-card processor’s stock at the close of the 2nd quarter. Hall Laurie J Trustee’s holdings in Visa were worth $102,000 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. Wallington Asset Management LLC boosted its position in Visa by 3.8% during the 2nd quarter. Wallington Asset Management LLC now owns 57,779 shares of the credit-card processor’s stock valued at $5,419,000 after purchasing an additional 2,090 shares during the period. iAB Financial Bank boosted its position in Visa by 2.6% during the 2nd quarter. iAB Financial Bank now owns 56,963 shares of the credit-card processor’s stock valued at $5,342,000 after purchasing an additional 1,423 shares during the period. Carret Asset Management LLC boosted its position in Visa by 4.5% during the 1st quarter. Carret Asset Management LLC now owns 27,037 shares of the credit-card processor’s stock valued at $2,403,000 after purchasing an additional 1,153 shares during the period. Cypress Asset Management Inc. TX boosted its position in Visa by 31.1% during the 2nd quarter. Cypress Asset Management Inc. TX now owns 14,720 shares of the credit-card processor’s stock valued at $1,380,000 after purchasing an additional 3,495 shares during the period. Finally, Heritage Trust Co boosted its position in Visa by 51.4% during the 2nd quarter. Heritage Trust Co now owns 4,520 shares of the credit-card processor’s stock valued at $424,000 after purchasing an additional 1,535 shares during the period. Institutional investors and hedge funds own 81.91% of the company’s stock.

Shares of Visa Inc (NYSE:V) traded down $0.39 during mid-day trading on Friday, reaching $112.92. The company’s stock had a trading volume of 9,815,500 shares, compared to its average volume of 7,674,750. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.61. Visa Inc has a one year low of $77.19 and a one year high of $114.37. The firm has a market cap of $234,737.66, a price-to-earnings ratio of 32.56, a PEG ratio of 1.66 and a beta of 0.97.

Visa (NYSE:V) last announced its quarterly earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.05. Visa had a return on equity of 31.80% and a net margin of 36.49%. The company had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.63 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. analysts predict that Visa Inc will post 4.05 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th were issued a $0.195 dividend. This is a positive change from Visa’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, November 16th. This represents a $0.78 annualized dividend and a dividend yield of 0.69%. Visa’s dividend payout ratio is 27.86%.

A number of research analysts recently issued reports on V shares. Mizuho restated a “buy” rating and set a $115.00 price objective on shares of Visa in a research report on Thursday, October 12th. Zacks Investment Research upgraded Visa from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a research report on Tuesday, September 19th. BMO Capital Markets boosted their price objective on Visa from $116.00 to $134.00 and gave the company an “outperform” rating in a research report on Thursday, October 26th. UBS restated an “overweight” rating on shares of Visa in a research report on Thursday, August 24th. Finally, Vetr lowered Visa from a “buy” rating to a “hold” rating and set a $113.35 price objective for the company. in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $117.23.

In other news, SVP James H. Hoffmeister sold 2,146 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $112.09, for a total value of $240,545.14. Following the completion of the sale, the senior vice president now owns 687 shares in the company, valued at $77,005.83. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.14% of the company’s stock.

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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.

Institutional Ownership by Quarter for Visa (NYSE:V)

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