Visa Inc. (NYSE:V) Shares Bought by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC boosted its stake in shares of Visa Inc. (NYSE:VGet Rating) by 94.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,673 shares of the credit-card processor’s stock after purchasing an additional 812 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Visa were worth $363,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Osher Van de Voorde Investment Management raised its position in Visa by 39.1% in the fourth quarter. Osher Van de Voorde Investment Management now owns 82,595 shares of the credit-card processor’s stock valued at $17,899,000 after purchasing an additional 23,229 shares during the period. Naya Capital Management UK Ltd. purchased a new stake in Visa in the third quarter valued at $77,351,000. Laidlaw Wealth Management LLC raised its position in Visa by 9.9% in the third quarter. Laidlaw Wealth Management LLC now owns 20,749 shares of the credit-card processor’s stock valued at $4,622,000 after purchasing an additional 1,866 shares during the period. Gradient Investments LLC raised its position in Visa by 21.5% in the fourth quarter. Gradient Investments LLC now owns 82,912 shares of the credit-card processor’s stock valued at $17,968,000 after purchasing an additional 14,674 shares during the period. Finally, Field & Main Bank raised its position in Visa by 1.6% in the fourth quarter. Field & Main Bank now owns 16,144 shares of the credit-card processor’s stock valued at $3,498,000 after purchasing an additional 260 shares during the period. 81.28% of the stock is currently owned by institutional investors.

A number of equities research analysts have commented on the company. Credit Suisse Group lifted their target price on Visa from $260.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday. Citigroup reduced their target price on Visa from $285.00 to $265.00 in a research report on Monday, April 25th. Raymond James boosted their price objective on Visa from $265.00 to $281.00 and gave the company an “outperform” rating in a report on Friday, January 28th. Mizuho downgraded Visa from a “buy” rating to a “neutral” rating and cut their price objective for the company from $255.00 to $220.00 in a report on Friday, January 7th. Finally, upgraded Visa to a “buy” rating in a report on Wednesday, February 9th. Six analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $265.24.

Shares of NYSE:V traded down $7.53 on Friday, hitting $213.13. 7,964,954 shares of the company’s stock were exchanged, compared to its average volume of 7,197,495. The firm’s 50-day moving average is $213.40 and its 200 day moving average is $214.84. The company has a market capitalization of $407.98 billion, a PE ratio of 33.51, a P/E/G ratio of 1.88 and a beta of 0.92. Visa Inc. has a 1-year low of $186.67 and a 1-year high of $252.67. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.29.

Visa (NYSE:VGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The credit-card processor reported $1.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.14. The business had revenue of $7.19 billion during the quarter, compared to analysts’ expectations of $6.82 billion. Visa had a return on equity of 42.89% and a net margin of 51.10%. The business’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.38 EPS. On average, analysts anticipate that Visa Inc. will post 7.13 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $1.50 annualized dividend and a dividend yield of 0.70%. Visa’s dividend payout ratio is currently 23.58%.

In related news, President Ryan Mcinerney sold 6,466 shares of the company’s stock in a transaction dated Tuesday, February 8th. The stock was sold at an average price of $226.11, for a total value of $1,462,027.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company’s stock in a transaction dated Monday, January 31st. The shares were sold at an average price of $224.90, for a total value of $2,024,100.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,250 shares of company stock valued at $10,951,267. Insiders own 0.21% of the company’s stock.

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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