Carleon Capital Partners LLC lowered its position in Visa Inc. (NYSE:V) by 4.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 200,000 shares of the credit-card processor’s stock after selling 9,100 shares during the period. Visa makes up about 7.6% of Carleon Capital Partners LLC’s investment portfolio, making the stock its 2nd largest position. Carleon Capital Partners LLC’s holdings in Visa were worth $14,834,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. WealthTrust Arizona LLC raised its position in shares of 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 last quarter. Weybosset Research & Management LLC raised its position in shares of Visa by 0.8% in the second quarter. Weybosset Research & Management LLC now owns 3,130 shares of the credit-card processor’s stock worth $232,000 after buying an additional 25 shares during the last quarter. Nicolet Bankshares Inc. raised its position in shares of Visa by 0.3% in the first quarter. Nicolet Bankshares Inc. now owns 8,716 shares of the credit-card processor’s stock worth $667,000 after buying an additional 29 shares during the last quarter. Rehmann Capital Advisory Group raised its position in shares of 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 last quarter. Finally, Berson & Corrado Investment Advisors LLC raised its position in shares of Visa by 0.3% in the first quarter. Berson & Corrado Investment Advisors LLC now owns 24,375 shares of the credit-card processor’s stock worth $1,864,000 after buying an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 80.08% of the company’s stock.

Visa Inc. (NYSE:V) traded down 0.1596% during midday trading on Wednesday, hitting $82.3484. The company had a trading volume of 2,564,646 shares. Visa Inc. has a 52 week low of $66.12 and a 52 week high of $83.63. The company has a market capitalization of $194.34 billion, a P/E ratio of 34.9972 and a beta of 0.91. The stock has a 50 day moving average price of $80.99 and a 200 day moving average price of $78.18.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, July 21st. The credit-card processor reported $0.69 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.67 billion. Equities analysts forecast that Visa Inc. will post $2.79 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Friday, August 19th were given 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 yield of 0.68%. Visa’s dividend payout ratio (DPR) is presently 24.35%.

A number of research firms recently commented on V. Vetr raised Visa from a “hold” rating to a “buy” rating and set a $83.88 price target for the company in a research report on Monday, June 6th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Visa in a research report on Tuesday, May 31st. Sanford C. Bernstein reissued a “buy” rating on shares of Visa in a research report on Wednesday, June 15th. Oppenheimer Holdings Inc. increased their price target on Visa from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, June 10th. Finally, Zacks Investment Research raised Visa from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Friday, June 24th. Four equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $88.54.

About Visa

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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