Visa Inc. (V) Position Decreased by Montag A & Associates Inc.
Montag A & Associates Inc. lessened its holdings in Visa Inc. (NYSE:V) by 7.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,374 shares of the credit-card processor’s stock after selling 3,489 shares during the period. Montag A & Associates Inc.’s holdings in Visa were worth $3,974,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the stock. Boston Private Wealth LLC increased its stake in shares of Visa by 2.0% in the 2nd quarter. Boston Private Wealth LLC now owns 382,323 shares of the credit-card processor’s stock valued at $35,854,000 after purchasing an additional 7,653 shares in the last quarter. Progressive Investment Management Corp increased its stake in Visa by 1.4% during the 2nd quarter. Progressive Investment Management Corp now owns 43,456 shares of the credit-card processor’s stock worth $4,075,000 after buying an additional 620 shares in the last quarter. Pax World Management LLC increased its stake in Visa by 8.0% during the 2nd quarter. Pax World Management LLC now owns 14,538 shares of the credit-card processor’s stock worth $1,363,000 after buying an additional 1,073 shares in the last quarter. iAB Financial Bank increased its stake in Visa by 2.6% during the 2nd quarter. iAB Financial Bank now owns 56,963 shares of the credit-card processor’s stock worth $5,342,000 after buying an additional 1,423 shares in the last quarter. Finally, Peddock Capital Advisors LLC increased its stake in Visa by 6,285.7% during the 2nd quarter. Peddock Capital Advisors LLC now owns 1,788 shares of the credit-card processor’s stock worth $168,000 after buying an additional 1,760 shares in the last quarter. Hedge funds and other institutional investors own 81.75% of the company’s stock.
V has been the subject of several research reports. Oppenheimer Holdings, Inc. boosted their price objective on Visa from $100.00 to $106.00 in a research note on Tuesday, July 18th. BidaskClub upgraded Visa from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Deutsche Bank AG boosted their price objective on Visa from $124.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Bank of America Corporation boosted their price objective on Visa from $103.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Finally, Nomura boosted their price objective on Visa from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Three equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Visa has a consensus rating of “Buy” and a consensus price target of $116.08.
Shares of Visa Inc. (NYSE V) opened at $111.36 on Monday. Visa Inc. has a 12-month low of $75.17 and a 12-month high of $111.42. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.65 and a current ratio of 1.90. The firm has a market capitalization of $232,526.48, a price-to-earnings ratio of 32.00, a PEG ratio of 1.63 and a beta of 0.97.
Visa (NYSE:V) last posted its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.63 billion. During the same quarter in the prior year, the company earned $0.78 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis. research analysts forecast that Visa Inc. will post 4.05 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th will be given a dividend of $0.195 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.70%. This is a positive change from Visa’s previous quarterly dividend of $0.17. Visa’s dividend payout ratio is currently 23.57%.
In other news, Director Mary B. Cranston sold 10,400 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total transaction of $1,074,528.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.14% of the stock is currently owned by corporate insiders.
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.
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