Parkwood LLC Raises Stake in Visa Inc. (NYSE:V)

Parkwood LLC lifted its position in Visa Inc. (NYSE:VGet Rating) by 105.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 44,441 shares of the credit-card processor’s stock after acquiring an additional 22,806 shares during the period. Visa comprises about 1.6% of Parkwood LLC’s investment portfolio, making the stock its 10th biggest holding. Parkwood LLC’s holdings in Visa were worth $9,631,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Advisors Wealth Management LLC lifted its position in Visa by 0.4% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 10,563 shares of the credit-card processor’s stock valued at $2,289,000 after purchasing an additional 45 shares during the period. Corbett Road Capital Management LLC lifted its position in Visa by 3.1% during the fourth quarter. Corbett Road Capital Management LLC now owns 1,486 shares of the credit-card processor’s stock valued at $322,000 after purchasing an additional 45 shares during the period. IVC Wealth Advisors LLC lifted its position in Visa by 0.8% during the fourth quarter. IVC Wealth Advisors LLC now owns 5,757 shares of the credit-card processor’s stock valued at $1,248,000 after purchasing an additional 46 shares during the period. Financial Consulate Inc. lifted its position in Visa by 1.0% during the fourth quarter. Financial Consulate Inc. now owns 4,851 shares of the credit-card processor’s stock valued at $1,051,000 after purchasing an additional 46 shares during the period. Finally, Tranquilli Financial Advisor LLC lifted its position in Visa by 3.1% during the fourth quarter. Tranquilli Financial Advisor LLC now owns 1,537 shares of the credit-card processor’s stock valued at $333,000 after purchasing an additional 46 shares during the period. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Shares of NYSE V traded up $6.19 during midday trading on Tuesday, reaching $204.00. The stock had a trading volume of 7,200,885 shares, compared to its average volume of 8,894,655. The stock has a 50-day moving average of $211.88 and a 200-day moving average of $212.72. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $387.86 billion, a price-to-earnings ratio of 32.08, a price-to-earnings-growth ratio of 1.70 and a beta of 0.90. Visa Inc. has a 12-month low of $186.67 and a 12-month high of $252.67.

Visa (NYSE:VGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The credit-card processor reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.14. The company had revenue of $7.19 billion for the quarter, compared to the consensus estimate of $6.82 billion. Visa had a net margin of 51.10% and a return on equity of 42.89%. Visa’s revenue for the quarter was up 25.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.38 EPS. As a group, analysts forecast that Visa Inc. will post 7.14 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th will be issued a $0.375 dividend. The ex-dividend date is Thursday, May 12th. This represents a $1.50 annualized dividend and a dividend yield of 0.74%. Visa’s dividend payout ratio (DPR) is 23.58%.

In other news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of Visa stock in a transaction dated Monday, February 28th. The stock was sold at an average price of $216.00, for a total value of $1,944,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert W. Matschullat sold 1,114 shares of Visa stock in a transaction dated Wednesday, March 16th. The stock was sold at an average price of $210.94, for a total value of $234,987.16. The disclosure for this sale can be found here. Insiders sold 41,047 shares of company stock worth $9,030,622 over the last ninety days. Insiders own 0.21% of the company’s stock.

A number of brokerages recently weighed in on V. Raymond James increased their price objective on shares of Visa from $265.00 to $281.00 and gave the company an “outperform” rating in a research report on Friday, January 28th. upgraded shares of Visa to a “buy” rating in a research report on Wednesday, February 9th. Morgan Stanley upped their target price on shares of Visa from $279.00 to $284.00 in a report on Wednesday, April 27th. Robert W. Baird reduced their target price on shares of Visa from $305.00 to $290.00 in a report on Friday, January 28th. Finally, The Goldman Sachs Group initiated coverage on shares of Visa in a report on Tuesday. They set a “conviction-buy” rating for the company. Six investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $265.24.

Visa 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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