Norman Fields Gottscho Capital Management LLC lowered its stake in Visa Inc (NYSE:V) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 156,807 shares of the credit-card processor’s stock after selling 1,675 shares during the quarter. Visa comprises about 9.9% of Norman Fields Gottscho Capital Management LLC’s portfolio, making the stock its 2nd biggest holding. Norman Fields Gottscho Capital Management LLC’s holdings in Visa were worth $16,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Wallington Asset Management LLC boosted its holdings in shares of Visa by 3.8% in the second quarter. Wallington Asset Management LLC now owns 57,779 shares of the credit-card processor’s stock valued at $5,419,000 after acquiring an additional 2,090 shares during the period. iAB Financial Bank boosted its holdings in shares of Visa by 2.6% in the second quarter. iAB Financial Bank now owns 56,963 shares of the credit-card processor’s stock valued at $5,342,000 after acquiring an additional 1,423 shares during the period. Carret Asset Management LLC boosted its holdings in shares of Visa by 4.5% in the first quarter. Carret Asset Management LLC now owns 27,037 shares of the credit-card processor’s stock valued at $2,403,000 after acquiring an additional 1,153 shares during the period. Cypress Asset Management Inc. TX boosted its holdings in shares of Visa by 31.1% in the second quarter. Cypress Asset Management Inc. TX now owns 14,720 shares of the credit-card processor’s stock valued at $1,380,000 after acquiring an additional 3,495 shares during the period. Finally, Heritage Trust Co boosted its holdings in shares of Visa by 51.4% in the second quarter. Heritage Trust Co now owns 4,520 shares of the credit-card processor’s stock valued at $424,000 after acquiring an additional 1,535 shares during the period. Institutional investors own 81.91% of the company’s stock.

Visa Inc (NYSE V) traded up $0.90 during trading hours on Friday, reaching $113.82. The company had a trading volume of 15,930,441 shares, compared to its average volume of 8,819,399. Visa Inc has a twelve month low of $77.19 and a twelve month high of $114.37. The firm has a market cap of $235,794.19, a price-to-earnings ratio of 32.71, a P/E/G ratio of 1.67 and a beta of 0.97. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.61.

Visa (NYSE:V) last released its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.05. Visa had a return on equity of 31.80% and a net margin of 36.49%. The business had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.63 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. sell-side analysts forecast that Visa Inc will post 4.05 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th were given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Thursday, November 16th. This is a positive change from Visa’s previous quarterly dividend of $0.17. Visa’s payout ratio is 27.86%.

Several brokerages recently weighed in on V. Vetr raised Visa from a “hold” rating to a “buy” rating and set a $119.56 price target for the company in a report on Thursday. Zacks Investment Research raised Visa from a “hold” rating to a “buy” rating and set a $123.00 price target for the company in a report on Thursday, November 2nd. Jefferies Group increased their price target on Visa from $125.00 to $127.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Buckingham Research increased their price target on Visa from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Nomura increased their price target on Visa from $120.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $117.23.

In other news, SVP James H. Hoffmeister sold 2,146 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $112.09, for a total value of $240,545.14. Following the completion of the sale, the senior vice president now owns 687 shares in the company, valued at $77,005.83. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert W. Matschullat sold 6,220 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $113.76, for a total value of $707,587.20. Following the completion of the sale, the director now owns 57,368 shares of the company’s stock, valued at approximately $6,526,183.68. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

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Visa Company Profile

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

Institutional Ownership by Quarter for Visa (NYSE:V)

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