Denver Investment Advisors LLC lowered its stake in shares of Visa Inc. (NYSE:V) by 6.5% during the second quarter, Holdings Channel reports. The fund owned 54,986 shares of the credit-card processor’s stock after selling 3,852 shares during the period. Denver Investment Advisors LLC’s holdings in Visa were worth $4,078,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in V. Iowa State Bank acquired a new stake in shares of Visa during the second quarter worth $111,000. West Oak Capital LLC raised its stake in shares of Visa by 245.5% in the second quarter. West Oak Capital LLC now owns 1,534 shares of the credit-card processor’s stock worth $114,000 after buying an additional 1,090 shares during the period. Feltz Wealth PLAN Inc. acquired a new stake in shares of Visa during the second quarter worth $148,000. WealthTrust Arizona LLC raised its stake in shares of Visa by 0.9% in the second quarter. WealthTrust Arizona LLC now owns 2,393 shares of the credit-card processor’s stock worth $177,000 after buying an additional 21 shares during the period. Finally, Invictus RG raised its stake in shares of Visa by 144.2% in the first quarter. Invictus RG now owns 2,454 shares of the credit-card processor’s stock worth $188,000 after buying an additional 1,449 shares during the period. Institutional investors and hedge funds own 80.08% of the company’s stock.
Visa Inc. (NYSE:V) opened at 82.54 on Friday. The firm has a market cap of $194.79 billion, a PE ratio of 35.08 and a beta of 0.91. Visa Inc. has a 52-week low of $66.12 and a 52-week high of $83.79. The company’s 50 day moving average price is $81.35 and its 200 day moving average price is $78.33.
Visa (NYSE:V) last issued its quarterly earnings data on Thursday, July 21st. The credit-card processor reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.03. The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.67 billion. Visa had a return on equity of 22.36% and a net margin of 38.72%. Analysts predict that Visa Inc. will post $2.79 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Friday, August 19th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Wednesday, August 17th. Visa’s dividend payout ratio (DPR) is presently 24.35%.
V has been the subject of several research reports. Pacific Crest reiterated a “buy” rating on shares of Visa in a research report on Friday, July 22nd. Nomura reiterated a “buy” rating and issued a $91.00 target price on shares of Visa in a research report on Monday, July 25th. Oppenheimer Holdings Inc. lifted their target price on Visa from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, June 10th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $94.00 target price on shares of Visa in a research report on Friday, August 5th. Finally, Sanford C. Bernstein restated a “buy” rating on shares of Visa in a research report on Wednesday, June 15th. Four research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. Visa currently has a consensus rating of “Buy” and a consensus price target of $88.54.
Visa Inc is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments.
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