Visa Inc. $V Stock Position Trimmed by C WorldWide Group Holding A S

C WorldWide Group Holding A S cut its position in Visa Inc. (NYSE:V) by 14.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,880,185 shares of the credit-card processor’s stock after selling 330,259 shares during the period. Visa makes up 9.0% of C WorldWide Group Holding A S’s holdings, making the stock its largest position. C WorldWide Group Holding A S owned approximately 0.10% of Visa worth $667,560,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Waverton Investment Management Ltd boosted its position in Visa by 2.1% in the second quarter. Waverton Investment Management Ltd now owns 925,413 shares of the credit-card processor’s stock valued at $328,341,000 after buying an additional 18,675 shares during the last quarter. Sienna Gestion lifted its stake in Visa by 11.0% during the 2nd quarter. Sienna Gestion now owns 34,969 shares of the credit-card processor’s stock valued at $11,335,000 after acquiring an additional 3,476 shares during the period. Andra AP fonden lifted its stake in Visa by 137.0% during the 2nd quarter. Andra AP fonden now owns 82,341 shares of the credit-card processor’s stock valued at $29,235,000 after acquiring an additional 47,600 shares during the period. Horan Securities Inc. boosted its holdings in shares of Visa by 19.3% in the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the credit-card processor’s stock valued at $537,000 after acquiring an additional 244 shares during the last quarter. Finally, Ethos Financial Group LLC increased its stake in shares of Visa by 13.8% in the second quarter. Ethos Financial Group LLC now owns 8,175 shares of the credit-card processor’s stock worth $2,903,000 after acquiring an additional 990 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Price Performance

Shares of Visa stock opened at $336.63 on Friday. The firm has a market cap of $616.97 billion, a PE ratio of 32.97, a P/E/G ratio of 2.06 and a beta of 0.87. Visa Inc. has a twelve month low of $299.00 and a twelve month high of $375.51. The company has a quick ratio of 1.12, a current ratio of 1.08 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average price of $343.84 and a 200 day moving average price of $348.51.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, beating the consensus estimate of $2.97 by $0.01. The company had revenue of $10.72 billion for the quarter, compared to analyst estimates of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.Visa’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the company earned $2.71 earnings per share. Sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.59. Visa’s payout ratio is presently 23.11%.

Insiders Place Their Bets

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the transaction, the general counsel directly owned 11,925 shares of the company’s stock, valued at $4,102,438.50. This trade represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lloyd Carney sold 900 shares of Visa stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total transaction of $302,832.00. Following the completion of the sale, the director owned 2,468 shares in the company, valued at approximately $830,432.64. This trade represents a 26.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 23,897 shares of company stock worth $8,164,561. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays restated an “overweight” rating and set a $408.00 target price (up from $396.00) on shares of Visa in a research report on Thursday, July 31st. Wells Fargo & Company raised Visa to a “strong-buy” rating in a report on Wednesday, October 22nd. Robert W. Baird set a $425.00 target price on Visa in a report on Wednesday, October 29th. Citigroup upgraded Visa to a “strong-buy” rating in a research report on Thursday, October 23rd. Finally, Erste Group Bank lowered Visa from a “buy” rating to a “hold” rating in a research report on Monday, September 22nd. Four research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $400.00.

About Visa

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.