Navalign LLC Sells 197 Shares of Visa Inc. (NYSE:V)

Navalign LLC decreased its holdings in shares of Visa Inc. (NYSE:VGet Rating) by 1.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 10,992 shares of the credit-card processor’s stock after selling 197 shares during the period. Visa makes up 1.0% of Navalign LLC’s holdings, making the stock its 16th largest position. Navalign LLC’s holdings in Visa were worth $2,382,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. BlackRock Inc. increased its position in shares of Visa by 1.9% in the 3rd quarter. BlackRock Inc. now owns 126,591,271 shares of the credit-card processor’s stock valued at $28,198,208,000 after buying an additional 2,370,237 shares in the last quarter. Morgan Stanley increased its position in shares of Visa by 1.5% in the 3rd quarter. Morgan Stanley now owns 42,355,192 shares of the credit-card processor’s stock valued at $9,434,618,000 after buying an additional 646,198 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Visa by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 28,855,078 shares of the credit-card processor’s stock valued at $6,410,682,000 after buying an additional 849,919 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Visa by 11.8% in the 3rd quarter. Alliancebernstein L.P. now owns 23,190,566 shares of the credit-card processor’s stock valued at $5,165,699,000 after buying an additional 2,446,963 shares in the last quarter. Finally, TCI Fund Management Ltd. increased its position in shares of Visa by 41.8% in the 3rd quarter. TCI Fund Management Ltd. now owns 19,939,311 shares of the credit-card processor’s stock valued at $4,441,482,000 after buying an additional 5,881,421 shares in the last quarter. Institutional investors own 81.28% of the company’s stock.

In related news, CAO James H. Hoffmeister sold 1,737 shares of Visa stock in a transaction dated Tuesday, February 1st. The stock was sold at an average price of $231.49, for a total value of $402,098.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Alfred F. Kelly, Jr. sold 9,000 shares of Visa stock in a transaction dated Thursday, March 31st. The stock was sold at an average price of $223.91, for a total value of $2,015,190.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,250 shares of company stock valued at $10,951,267. 0.21% of the stock is currently owned by insiders.

V traded up $1.78 during midday trading on Monday, hitting $209.95. The company had a trading volume of 6,837,962 shares, compared to its average volume of 8,908,467. Visa Inc. has a 52 week low of $186.67 and a 52 week high of $252.67. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $401.89 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 1.90 and a beta of 0.92. The stock’s 50 day moving average price is $214.75 and its 200 day moving average price is $215.19.

Visa (NYSE:VGet Rating) last posted its quarterly earnings results on Thursday, January 27th. The credit-card processor reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.12. Visa had a net margin of 51.59% and a return on equity of 40.11%. The firm had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $6.79 billion. During the same period in the previous year, the firm posted $1.42 earnings per share. The business’s revenue was up 24.1% compared to the same quarter last year. Research analysts predict that Visa Inc. will post 7.04 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 1st. Stockholders of record on Friday, February 11th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Thursday, February 10th. Visa’s payout ratio is presently 24.83%.

V has been the subject of a number of research reports. Mizuho cut Visa from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $255.00 to $220.00 in a report on Friday, January 7th. Morgan Stanley reduced their price objective on shares of Visa from $283.00 to $279.00 and set an “overweight” rating for the company in a research note on Thursday. Exane BNP Paribas downgraded shares of Visa from an “outperform” rating to a “neutral” rating and set a $210.00 price objective for the company. in a research note on Monday, January 10th. Raymond James increased their price objective on shares of Visa from $265.00 to $281.00 and gave the stock an “outperform” rating in a research note on Friday, January 28th. Finally, Barclays cut their target price on shares of Visa from $265.00 to $260.00 and set an “overweight” rating for the company in a research note on Monday, April 4th. Six analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, Visa presently has a consensus rating of “Buy” and an average target price of $266.33.

Visa Company Profile (Get Rating)

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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