Mogy Joel R Investment Counsel Inc. lessened its holdings in Visa Inc (NYSE:V) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 198,108 shares of the credit-card processor’s stock after selling 1,308 shares during the period. Visa accounts for 4.1% of Mogy Joel R Investment Counsel Inc.’s holdings, making the stock its 5th biggest position. Mogy Joel R Investment Counsel Inc.’s holdings in Visa were worth $26,138,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of V. Oregon Public Employees Retirement Fund raised its stake in Visa by 11,319.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 86,570,056 shares of the credit-card processor’s stock valued at $656,000 after acquiring an additional 85,811,983 shares during the period. Matthew Goff Investment Advisor LLC raised its stake in Visa by 13,144.9% in the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 7,929,067 shares of the credit-card processor’s stock valued at $59,865,000 after acquiring an additional 7,869,202 shares during the period. Capital Research Global Investors raised its stake in Visa by 3,913.7% in the 3rd quarter. Capital Research Global Investors now owns 4,507,351 shares of the credit-card processor’s stock valued at $676,508,000 after acquiring an additional 4,395,051 shares during the period. Capital International Investors raised its stake in Visa by 13.2% in the 3rd quarter. Capital International Investors now owns 13,149,230 shares of the credit-card processor’s stock valued at $1,973,568,000 after acquiring an additional 1,533,870 shares during the period. Finally, Rehmann Capital Advisory Group raised its stake in Visa by 15,021.0% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,512,556 shares of the credit-card processor’s stock valued at $10,077,000 after acquiring an additional 1,502,553 shares during the period. Institutional investors and hedge funds own 81.42% of the company’s stock.
A number of research analysts have commented on V shares. Jefferies Financial Group started coverage on Visa in a report on Monday, January 28th. They issued a “buy” rating and a $135.99 price objective on the stock. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Visa in a report on Thursday, January 31st. Raymond James reaffirmed an “outperform” rating and issued a $152.00 price objective (down from $167.00) on shares of Visa in a report on Thursday, January 31st. SunTrust Banks reaffirmed an “outperform” rating and issued a $250.00 price objective on shares of Visa in a report on Friday, February 1st. Finally, reaffirmed a “buy” rating on shares of Visa in a report on Tuesday, February 12th. One investment analyst has rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Visa has an average rating of “Buy” and a consensus target price of $177.67.
V opened at $164.09 on Monday. The firm has a market cap of $327.53 billion, a PE ratio of 35.59, a P/E/G ratio of 1.86 and a beta of 1.00. Visa Inc has a 52-week low of $121.60 and a 52-week high of $165.74. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.58.
Visa (NYSE:V) last released its earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.07. The company had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.46 billion. Visa had a return on equity of 40.56% and a net margin of 51.34%. Visa’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.11 EPS. Equities analysts forecast that Visa Inc will post 5.38 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is currently 21.69%.
In related news, EVP William M. Sheedy sold 75,676 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $165.24, for a total value of $12,504,702.24. Following the sale, the executive vice president now directly owns 300,114 shares of the company’s stock, valued at $49,590,837.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP James H. Hoffmeister sold 6,480 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $151.00, for a total value of $978,480.00. Following the completion of the sale, the senior vice president now directly owns 6,480 shares in the company, valued at $978,480. The disclosure for this sale can be found here. Over the last three months, insiders have sold 188,202 shares of company stock worth $29,962,762. 0.17% of the stock is currently owned by insiders.
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Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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