Goelzer Investment Management Inc. trimmed its holdings in shares of Visa Inc (NYSE:V) by 0.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 23,770 shares of the credit-card processor’s stock after selling 213 shares during the period. Goelzer Investment Management Inc.’s holdings in Visa were worth $3,830,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Aviance Capital Partners LLC raised its holdings in Visa by 17.9% in the 4th quarter. Aviance Capital Partners LLC now owns 31,412 shares of the credit-card processor’s stock worth $5,902,000 after acquiring an additional 4,766 shares during the last quarter. Bogart Wealth LLC raised its holdings in Visa by 10.1% in the 4th quarter. Bogart Wealth LLC now owns 4,146 shares of the credit-card processor’s stock worth $779,000 after acquiring an additional 380 shares during the last quarter. Foundations Investment Advisors LLC raised its holdings in Visa by 2.9% in the 1st quarter. Foundations Investment Advisors LLC now owns 5,750 shares of the credit-card processor’s stock worth $880,000 after acquiring an additional 161 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in Visa in the 4th quarter worth approximately $14,190,000. Finally, Blair William & Co. IL raised its holdings in Visa by 0.3% in the 4th quarter. Blair William & Co. IL now owns 2,653,438 shares of the credit-card processor’s stock worth $498,581,000 after acquiring an additional 7,371 shares during the last quarter. Hedge funds and other institutional investors own 82.43% of the company’s stock.

V has been the subject of a number of recent analyst reports. Royal Bank of Canada boosted their price objective on shares of Visa from $195.00 to $212.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Oppenheimer boosted their price objective on shares of Visa from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Wedbush lifted their target price on shares of Visa from $170.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, April 27th. Jefferies Financial Group downgraded shares of Visa from a “buy” rating to a “hold” rating and cut their target price for the stock from $190.00 to $180.00 in a research report on Wednesday, April 15th. Finally, Morgan Stanley lifted their target price on shares of Visa from $183.00 to $196.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Five research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $203.00.

In other Visa news, EVP Lynne Biggar sold 5,500 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $211.18, for a total value of $1,161,490.00. Following the sale, the executive vice president now owns 19,370 shares in the company, valued at approximately $4,090,556.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the business’s stock in a transaction on Monday, March 30th. The stock was sold at an average price of $161.40, for a total transaction of $1,129,800.00. Following the completion of the sale, the chief executive officer now owns 142,090 shares in the company, valued at approximately $22,933,326. The disclosure for this sale can be found here. Insiders sold a total of 26,500 shares of company stock valued at $4,782,030 in the last ninety days. 0.19% of the stock is currently owned by insiders.

Shares of Visa stock opened at $183.49 on Friday. The company has a market capitalization of $359.72 billion, a P/E ratio of 33.06, a P/E/G ratio of 2.66 and a beta of 0.92. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.25. The company has a fifty day moving average of $169.86 and a 200 day moving average of $183.15. Visa Inc has a fifty-two week low of $133.93 and a fifty-two week high of $214.17.

Visa (NYSE:V) last issued its earnings results on Thursday, April 30th. The credit-card processor reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.04. The company had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.75 billion. Visa had a net margin of 52.26% and a return on equity of 43.45%. Visa’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.31 EPS. Analysts forecast that Visa Inc will post 4.99 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Thursday, May 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Wednesday, May 13th. Visa’s dividend payout ratio is currently 22.06%.

Visa Profile

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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Institutional Ownership by Quarter for Visa (NYSE:V)

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