Visa Inc. (NYSE:V) is Mawer Investment Management Ltd.’s 9th Largest Position

Mawer Investment Management Ltd. cut its stake in shares of Visa Inc. (NYSE:V) by 5.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,968,603 shares of the credit-card processor’s stock after selling 185,498 shares during the quarter. Visa makes up 3.2% of Mawer Investment Management Ltd.’s holdings, making the stock its 9th biggest holding. Mawer Investment Management Ltd.’s holdings in Visa were worth $661,256,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in V. University of Texas Texas AM Investment Managment Co. purchased a new stake in shares of Visa during the third quarter valued at approximately $26,000. Delos Wealth Advisors LLC acquired a new position in shares of Visa in the 2nd quarter worth approximately $29,000. McClarren Financial Advisors Inc. increased its stake in Visa by 46.5% during the third quarter. McClarren Financial Advisors Inc. now owns 148 shares of the credit-card processor’s stock valued at $33,000 after purchasing an additional 47 shares during the last quarter. Core Alternative Capital bought a new stake in shares of Visa during the 3rd quarter valued at about $55,000. Finally, Atlas Private Wealth Advisors raised its stake in Visa by 38.8% during the third quarter. Atlas Private Wealth Advisors now owns 272 shares of the credit-card processor’s stock worth $61,000 after acquiring an additional 76 shares during the period. Institutional investors own 80.83% of the company’s stock.

V stock traded down $0.04 during trading on Friday, hitting $214.96. The company had a trading volume of 205,622 shares, compared to its average volume of 9,229,892. The stock has a market cap of $413.87 billion, a PE ratio of 38.19, a PEG ratio of 1.89 and a beta of 0.97. Visa Inc. has a one year low of $190.10 and a one year high of $252.67. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average of $210.46 and a 200-day moving average of $224.25.

Visa (NYSE:V) last released its earnings results on Tuesday, October 26th. The credit-card processor reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.09. The company had revenue of $6.56 billion during the quarter, compared to analyst estimates of $6.51 billion. Visa had a return on equity of 37.62% and a net margin of 51.07%. Visa’s quarterly revenue was up 28.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.12 earnings per share. Research analysts forecast that Visa Inc. will post 7.02 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 7th. Investors of record on Friday, November 12th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Wednesday, November 10th. This is a boost from Visa’s previous quarterly dividend of $0.32. Visa’s dividend payout ratio is currently 26.64%.

In related news, President Ryan Mcinerney sold 11,193 shares of the company’s stock in a transaction that occurred on Thursday, December 9th. The stock was sold at an average price of $210.00, for a total value of $2,350,530.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, October 29th. The stock was sold at an average price of $208.57, for a total transaction of $1,877,130.00. The disclosure for this sale can be found here. Insiders have sold 40,386 shares of company stock worth $8,362,931 over the last three months. Insiders own 0.21% of the company’s stock.

A number of equities research analysts have recently weighed in on V shares. Royal Bank of Canada cut their price target on Visa from $297.00 to $284.00 and set an “outperform” rating on the stock in a report on Wednesday, October 27th. Exane BNP Paribas cut shares of Visa from an “outperform” rating to a “neutral” rating and set a $210.00 price objective on the stock. in a research note on Monday. Robert W. Baird reaffirmed a “buy” rating and set a $305.00 target price on shares of Visa in a report on Thursday, December 30th. UBS Group started coverage on shares of Visa in a research note on Thursday, November 18th. They issued a “buy” rating and a $275.00 price objective for the company. Finally, Citigroup lowered their target price on Visa from $288.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, October 28th. Five analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $265.74.

About Visa

Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit card, credit card, prepaid products, commercial payment solutions, and global automated teller machine (ATM).

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Institutional Ownership by Quarter for Visa (NYSE:V)

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