Visa Inc. $V Shares Bought by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd grew its stake in Visa Inc. (NYSE:V) by 7.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 364,927 shares of the credit-card processor’s stock after acquiring an additional 24,610 shares during the period. Visa accounts for approximately 1.5% of Mediolanum International Funds Ltd’s holdings, making the stock its 9th largest position. Mediolanum International Funds Ltd’s holdings in Visa were worth $127,217,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of V. Legal & General Group Plc grew its stake in Visa by 1.6% in the second quarter. Legal & General Group Plc now owns 12,059,068 shares of the credit-card processor’s stock valued at $4,281,572,000 after purchasing an additional 191,095 shares in the last quarter. Martin Currie Ltd. raised its stake in shares of Visa by 12.7% during the 2nd quarter. Martin Currie Ltd. now owns 153,411 shares of the credit-card processor’s stock worth $54,469,000 after purchasing an additional 17,324 shares in the last quarter. Hillsdale Investment Management Inc. boosted its holdings in shares of Visa by 379.2% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 18,615 shares of the credit-card processor’s stock valued at $6,609,000 after buying an additional 14,730 shares during the last quarter. YANKCOM Partnership grew its stake in shares of Visa by 5.7% in the second quarter. YANKCOM Partnership now owns 4,295 shares of the credit-card processor’s stock valued at $1,525,000 after buying an additional 233 shares in the last quarter. Finally, Power Wealth Management LLC grew its stake in shares of Visa by 93.4% in the second quarter. Power Wealth Management LLC now owns 1,746 shares of the credit-card processor’s stock valued at $620,000 after buying an additional 843 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Trading Down 0.1%

Shares of V stock opened at $323.81 on Friday. Visa Inc. has a 12-month low of $299.00 and a 12-month high of $375.51. The company has a market capitalization of $589.90 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 1.92 and a beta of 0.87. The firm has a 50 day moving average price of $340.68 and a two-hundred day moving average price of $348.06. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last announced its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.01. The company had revenue of $10.72 billion for the quarter, compared to analyst estimates of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.71 earnings per share. As a group, analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be given a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. Visa’s dividend payout ratio (DPR) is presently 26.25%.

Analysts Set New Price Targets

A number of brokerages have commented on V. UBS Group set a $425.00 price target on shares of Visa and gave the company a “buy” rating in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Visa in a report on Wednesday, October 8th. Barclays reiterated an “overweight” rating and set a $408.00 price target (up previously from $396.00) on shares of Visa in a report on Thursday, July 31st. Macquarie dropped their price objective on Visa from $425.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Finally, Erste Group Bank downgraded Visa from a “buy” rating to a “hold” rating in a research note on Monday, September 22nd. Four investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $400.00.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $341.00, for a total value of $3,575,385.00. Following the completion of the sale, the chief executive officer owned 537 shares of the company’s stock, valued at $183,117. The trade was a 95.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lloyd Carney sold 900 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $336.48, for a total transaction of $302,832.00. Following the transaction, the director owned 2,468 shares in the company, valued at approximately $830,432.64. The trade was a 26.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 21,870 shares of company stock worth $7,467,233 over the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.