Private Wealth Partners LLC Has $37.91 Million Stock Holdings in Visa Inc (NYSE:V)
Private Wealth Partners LLC increased its stake in Visa Inc (NYSE:V) by 0.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 218,413 shares of the credit-card processor’s stock after purchasing an additional 578 shares during the quarter. Visa comprises 5.8% of Private Wealth Partners LLC’s investment portfolio, making the stock its 3rd largest holding. Private Wealth Partners LLC’s holdings in Visa were worth $37,906,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in Visa by 1.9% during the 1st quarter. FMR LLC now owns 92,255,849 shares of the credit-card processor’s stock worth $14,409,440,000 after acquiring an additional 1,731,813 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Visa by 11,319.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 86,570,056 shares of the credit-card processor’s stock worth $656,000 after acquiring an additional 85,811,983 shares during the last quarter. Lunia Capital LP boosted its holdings in Visa by 13,370.7% during the 4th quarter. Lunia Capital LP now owns 23,454,446 shares of the credit-card processor’s stock worth $23,454,000 after acquiring an additional 23,280,332 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Visa by 3.2% during the 2nd quarter. Fisher Asset Management LLC now owns 19,780,743 shares of the credit-card processor’s stock worth $3,432,948,000 after acquiring an additional 622,075 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in Visa by 1.6% during the 4th quarter. Jennison Associates LLC now owns 17,301,374 shares of the credit-card processor’s stock worth $2,282,743,000 after acquiring an additional 271,382 shares during the last quarter. Institutional investors own 81.34% of the company’s stock.
In other news, Director Lloyd Carney sold 3,500 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $182.73, for a total transaction of $639,555.00. Following the sale, the director now directly owns 3,452 shares in the company, valued at $630,783.96. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Denise M. Morrison purchased 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were bought at an average price of $171.13 per share, for a total transaction of $171,130.00. Following the completion of the transaction, the director now owns 3,223 shares of the company’s stock, valued at $551,551.99. The disclosure for this purchase can be found here. 0.17% of the stock is owned by corporate insiders.
Shares of NYSE:V traded down $0.82 during midday trading on Thursday, reaching $180.12. The company had a trading volume of 206,722 shares, compared to its average volume of 7,556,845. The stock has a market cap of $356.59 billion, a P/E ratio of 38.95, a P/E/G ratio of 2.01 and a beta of 0.96. Visa Inc has a 52-week low of $121.60 and a 52-week high of $184.07. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.57. The company’s 50 day moving average price is $178.84 and its 200 day moving average price is $163.18.
Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.04. The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. Visa had a net margin of 53.43% and a return on equity of 41.04%. The company’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 earnings per share. Research analysts forecast that Visa Inc will post 5.4 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Thursday, August 15th. Visa’s dividend payout ratio (DPR) is presently 21.69%.
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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