J.P. Marvel Investment Advisors LLC grew its stake in Visa Inc (NYSE:V) by 4.8% in the 1st quarter, Holdings Channel reports. The firm owned 62,771 shares of the credit-card processor’s stock after purchasing an additional 2,875 shares during the period. Visa comprises approximately 3.2% of J.P. Marvel Investment Advisors LLC’s holdings, making the stock its 9th largest position. J.P. Marvel Investment Advisors LLC’s holdings in Visa were worth $9,804,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Visa by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 133,049,441 shares of the credit-card processor’s stock worth $19,969,390,000 after purchasing an additional 640,593 shares during the period. Vanguard Group Inc increased its holdings in Visa by 0.5% during the 3rd quarter. Vanguard Group Inc now owns 133,049,441 shares of the credit-card processor’s stock worth $19,969,390,000 after purchasing an additional 640,593 shares during the period. Oregon Public Employees Retirement Fund increased 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 purchasing an additional 85,811,983 shares during the period. Morgan Stanley increased its holdings in Visa by 3.9% during the 3rd quarter. Morgan Stanley now owns 29,757,958 shares of the credit-card processor’s stock worth $4,466,371,000 after purchasing an additional 1,119,197 shares during the period. Finally, Lunia Capital LP increased its holdings in shares of Visa by 13,370.7% in the 4th quarter. Lunia Capital LP now owns 23,454,446 shares of the credit-card processor’s stock valued at $23,454,000 after acquiring an additional 23,280,332 shares during the period. 80.97% of the stock is owned by institutional investors and hedge funds.

In other Visa news, EVP William M. Sheedy sold 75,676 shares of Visa stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $165.24, for a total transaction of $12,504,702.24. Following the completion of the sale, the executive vice president now owns 300,114 shares of the company’s stock, valued at approximately $49,590,837.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.17% of the stock is owned by insiders.

Shares of V stock opened at $170.25 on Monday. Visa Inc has a 1-year low of $121.60 and a 1-year high of $172.20. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.58. The firm has a market cap of $338.65 billion, a P/E ratio of 36.93, a price-to-earnings-growth ratio of 1.92 and a beta of 0.95.

Visa (NYSE:V) last announced its earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.07. Visa had a return on equity of 40.56% and a net margin of 51.34%. The firm had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same period in the previous year, the business earned $1.11 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities research analysts forecast that Visa Inc will post 5.38 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Friday, May 17th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.00 annualized dividend and a yield of 0.59%. Visa’s dividend payout ratio (DPR) is 21.69%.

A number of research analysts have recently issued reports on the company. Robert W. Baird set a $182.00 price target on Visa and gave the company an “outperform” rating in a report on Wednesday, May 8th. Zacks Investment Research downgraded Visa from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Wedbush lifted their price target on Visa from $170.00 to $187.00 and gave the company an “outperform” rating in a report on Thursday. Jefferies Financial Group lifted their price target on Visa from $170.00 to $175.00 and gave the company a “buy” rating in a report on Monday, March 25th. Finally, Oppenheimer lifted their price target on Visa from $162.00 to $176.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Two analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $178.17.

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Visa 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.

See Also: Net Margin

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Institutional Ownership by Quarter for Visa (NYSE:V)

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