Diversified Trust Co lowered its stake in Visa Inc. (NYSE:V) by 8.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,436 shares of the credit-card processor’s stock after selling 4,902 shares during the period. Visa accounts for approximately 0.5% of Diversified Trust Co’s holdings, making the stock its 28th largest position. Diversified Trust Co’s holdings in Visa were worth $4,186,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. WealthTrust Arizona LLC boosted its stake in 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. Rehmann Capital Advisory Group boosted its stake in Visa by 0.3% in the second quarter. Rehmann Capital Advisory Group now owns 12,869 shares of the credit-card processor’s stock worth $954,000 after buying an additional 35 shares during the period. Amarillo National Bank boosted its stake in Visa by 1.2% in the second quarter. Amarillo National Bank now owns 5,787 shares of the credit-card processor’s stock worth $429,000 after buying an additional 67 shares during the period. Clarius Group LLC boosted its stake in Visa by 2.5% in the first quarter. Clarius Group LLC now owns 3,531 shares of the credit-card processor’s stock worth $270,000 after buying an additional 85 shares during the period. Finally, Baker Ellis Asset Management LLC boosted its stake in Visa by 1.8% in the first quarter. Baker Ellis Asset Management LLC now owns 5,692 shares of the credit-card processor’s stock worth $435,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 80.08% of the company’s stock.
Visa Inc. (NYSE:V) traded up 0.75% during midday trading on Wednesday, hitting $83.35. The stock had a trading volume of 6,163,375 shares. Visa Inc. has a 1-year low of $66.12 and a 1-year high of $83.79. The stock’s 50-day moving average is $81.88 and its 200-day moving average is $79.00. The stock has a market capitalization of $196.70 billion, a PE ratio of 35.42 and a beta of 0.95.
Visa (NYSE:V) last posted its quarterly earnings data on Thursday, July 21st. The credit-card processor reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.03. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.67 billion. Visa had a return on equity of 22.36% and a net margin of 38.72%. On average, equities research analysts anticipate that Visa Inc. will post $2.79 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Friday, August 19th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Wednesday, August 17th. Visa’s dividend payout ratio is currently 24.35%.
V has been the subject of a number of analyst reports. Jefferies Group reiterated a “buy” rating on shares of Visa in a research note on Tuesday, July 5th. Vetr cut shares of Visa from a “strong-buy” rating to a “buy” rating and set a $84.21 target price for the company. in a research note on Monday, July 11th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $97.00 target price on shares of Visa in a research note on Thursday, June 9th. Barclays PLC reduced their target price on shares of Visa from $90.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday, July 7th. Finally, Nomura reissued a “buy” rating and issued a $91.00 price target on shares of Visa in a research report on Monday, July 25th. Four analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $88.69.
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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