Visa Inc (NYSE:V) Stock Position Cut by Matthew Goff Investment Advisor LLC
Matthew Goff Investment Advisor LLC cut its holdings in shares of Visa Inc (NYSE:V) by 2.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,474 shares of the credit-card processor’s stock after selling 1,351 shares during the quarter. Visa makes up approximately 4.3% of Matthew Goff Investment Advisor LLC’s holdings, making the stock its 4th largest holding. Matthew Goff Investment Advisor LLC’s holdings in Visa were worth $10,148,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of V. FMR LLC grew its stake in Visa by 1.9% during the 1st quarter. FMR LLC now owns 92,255,849 shares of the credit-card processor’s stock worth $14,409,440,000 after buying an additional 1,731,813 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in Visa by 11,319.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 86,570,056 shares of the credit-card processor’s stock worth $656,000 after buying an additional 85,811,983 shares during the last quarter. Lunia Capital LP boosted its position in Visa by 13,370.7% during the 4th quarter. Lunia Capital LP now owns 23,454,446 shares of the credit-card processor’s stock worth $23,454,000 after acquiring an additional 23,280,332 shares during the period. Fisher Asset Management LLC boosted its position in Visa by 3.2% during the 2nd quarter. Fisher Asset Management LLC now owns 19,780,743 shares of the credit-card processor’s stock worth $3,432,948,000 after acquiring an additional 622,075 shares during the period. Finally, Jennison Associates LLC boosted its position in Visa by 1.6% during the 4th quarter. Jennison Associates LLC now owns 17,301,374 shares of the credit-card processor’s stock worth $2,282,743,000 after acquiring an additional 271,382 shares during the period. Institutional investors own 81.34% of the company’s stock.
In related news, Director Lloyd Carney sold 3,500 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $182.73, for a total transaction of $639,555.00. Following the completion of the sale, the director now directly owns 3,452 shares of the company’s stock, valued at approximately $630,783.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Denise M. Morrison purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average cost of $171.13 per share, with a total value of $171,130.00. Following the completion of the acquisition, the director now directly owns 3,223 shares in the company, valued at $551,551.99. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company’s stock.
NYSE:V traded up $0.45 during mid-day trading on Tuesday, hitting $180.19. 57,974 shares of the company’s stock traded hands, compared to its average volume of 7,535,775. The firm has a 50 day moving average of $178.57 and a two-hundred day moving average of $162.75. Visa Inc has a 12 month low of $121.60 and a 12 month high of $184.07. The firm has a market capitalization of $353.59 billion, a price-to-earnings ratio of 39.06, a price-to-earnings-growth ratio of 1.99 and a beta of 0.96. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.57.
Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $1.37 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.04. Visa had a return on equity of 41.04% and a net margin of 53.43%. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter last year, the company earned $1.20 EPS. The company’s quarterly revenue was up 11.5% on a year-over-year basis. As a group, equities research analysts expect that Visa Inc will post 5.4 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th will be issued a $0.25 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. Visa’s payout ratio is presently 21.69%.
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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