Visa Inc. (V) Shares Sold by Kanaly Trust Co
Kanaly Trust Co reduced its stake in Visa Inc. (NYSE:V) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,629 shares of the credit-card processor’s stock after selling 343 shares during the period. Kanaly Trust Co’s holdings in Visa were worth $788,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Strategic Wealth Advisors Group Inc. boosted its stake in shares of Visa by 20.4% in the fourth quarter. Strategic Wealth Advisors Group Inc. now owns 21,923 shares of the credit-card processor’s stock valued at $1,700,000 after buying an additional 3,709 shares during the period. Reliance Trust Co. of Delaware boosted its stake in shares of Visa by 4.8% in the fourth quarter. Reliance Trust Co. of Delaware now owns 82,667 shares of the credit-card processor’s stock valued at $6,410,000 after buying an additional 3,818 shares during the period. Norges Bank acquired a new stake in shares of Visa during the fourth quarter valued at approximately $1,334,202,000. Renaissance Investment Group LLC boosted its stake in shares of Visa by 14.1% in the first quarter. Renaissance Investment Group LLC now owns 46,165 shares of the credit-card processor’s stock valued at $3,531,000 after buying an additional 5,715 shares during the period. Finally, Pensionfund DSM Netherlands boosted its stake in shares of Visa by 43.6% in the first quarter. Pensionfund DSM Netherlands now owns 100,500 shares of the credit-card processor’s stock valued at $7,686,000 after buying an additional 30,500 shares during the period. 80.09% of the stock is owned by institutional investors and hedge funds.
Shares of Visa Inc. (NYSE:V) traded up 0.07% during trading on Friday, reaching $82.07. The company’s stock had a trading volume of 11,702,036 shares. The company’s 50 day moving average price is $80.47 and its 200 day moving average price is $77.88. The firm has a market cap of $193.68 billion, a PE ratio of 34.88 and a beta of 0.91. Visa Inc. has a 12 month low of $66.12 and a 12 month high of $83.63.
Visa (NYSE:V) last posted its quarterly earnings results on Thursday, July 21st. The credit-card processor reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. Visa had a return on equity of 22.36% and a net margin of 38.72%. The company earned $3.63 billion during the quarter, compared to analysts’ expectations of $3.67 billion. On average, equities analysts predict that Visa Inc. will post $2.79 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Friday, August 19th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.68%. Visa’s dividend payout ratio (DPR) is currently 24.35%.
V has been the topic of several recent analyst reports. Sanford C. Bernstein restated a “buy” rating on shares of Visa in a report on Wednesday, June 15th. Argus restated a “buy” rating and set a $90.00 price objective (up previously from $85.00) on shares of Visa in a report on Monday, July 25th. Vetr downgraded Visa from a “buy” rating to a “hold” rating and set a $80.66 price objective on the stock. in a report on Monday, May 23rd. Piper Jaffray Cos. restated an “overweight” rating and set a $94.00 price objective on shares of Visa in a report on Friday, August 5th. Finally, William Blair restated an “outperform” rating on shares of Visa in a report on Tuesday, July 19th. Four research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $88.54.
Visa Company Profile
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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