Klingenstein Fields & Co. LLC lifted its stake in Visa Inc. (NYSE:V) by 0.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,145 shares of the credit-card processor’s stock after buying an additional 75 shares during the period. Klingenstein Fields & Co. LLC’s holdings in Visa were worth $2,171,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mercer Capital Advisers Inc. grew its position in Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock valued at $104,000 after acquiring an additional 25 shares during the period. Smithfield Trust Co. boosted its stake in shares of Visa by 0.3% in the 1st quarter. Smithfield Trust Co. now owns 9,047 shares of the credit-card processor’s stock valued at $804,000 after purchasing an additional 25 shares in the last quarter. Harwood Advisory Group LLC boosted its stake in shares of Visa by 0.9% in the 2nd quarter. Harwood Advisory Group LLC now owns 2,765 shares of the credit-card processor’s stock valued at $259,000 after purchasing an additional 25 shares in the last quarter. Sky Investment Group LLC boosted its stake in shares of Visa by 0.9% in the 2nd quarter. Sky Investment Group LLC now owns 2,685 shares of the credit-card processor’s stock valued at $252,000 after purchasing an additional 25 shares in the last quarter. Finally, Nicolet Bankshares Inc. boosted its stake in shares of Visa by 0.3% in the 1st quarter. Nicolet Bankshares Inc. now owns 9,312 shares of the credit-card processor’s stock valued at $828,000 after purchasing an additional 27 shares in the last quarter. Institutional investors and hedge funds own 81.69% of the company’s stock.

In other Visa news, EVP Tullier Kelly Mahon sold 29,772 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $100.91, for a total value of $3,004,292.52. Following the transaction, the executive vice president now owns 17,360 shares in the company, valued at $1,751,797.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

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Shares of Visa Inc. (NYSE:V) opened at 105.59 on Wednesday. The company has a 50-day moving average price of $104.22 and a 200 day moving average price of $96.64. Visa Inc. has a 1-year low of $75.17 and a 1-year high of $106.84. The firm has a market capitalization of $241.42 billion, a price-to-earnings ratio of 39.27 and a beta of 0.94.

Visa (NYSE:V) last announced its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.05. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.36 billion. Visa had a net margin of 36.53% and a return on equity of 30.95%. Visa’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 earnings per share. On average, equities research analysts predict that Visa Inc. will post $3.43 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Wednesday, August 16th. Visa’s payout ratio is currently 24.54%.

A number of brokerages have commented on V. Wedbush reissued an “outperform” rating and set a $100.00 price objective (up previously from $96.00) on shares of Visa in a report on Tuesday, June 6th. BidaskClub lowered shares of Visa from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Zacks Investment Research cut shares of Visa from a “buy” rating to a “hold” rating and set a $106.00 price objective for the company. in a research report on Wednesday, June 14th. Sandler O’Neill restated a “hold” rating on shares of Visa in a research report on Wednesday, June 21st. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $105.00 price objective on shares of Visa in a report on Friday, June 23rd. Three investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Visa presently has an average rating of “Buy” and a consensus price target of $108.76.

About Visa

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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