Visa Inc. (V) Stake Lifted by Perkins Coie Trust Co
Perkins Coie Trust Co lifted its holdings in shares of Visa Inc. (NYSE:V) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,484 shares of the credit-card processor’s stock after purchasing an additional 213 shares during the quarter. Visa accounts for approximately 1.3% of Perkins Coie Trust Co’s portfolio, making the stock its 29th largest position. Perkins Coie Trust Co’s holdings in Visa were worth $2,390,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Mercer Capital Advisers Inc. lifted its position in Visa by 2.2% in the 1st quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after buying an additional 25 shares during the last quarter. Advantage Investment Management LLC lifted its position in Visa by 27.4% in the 1st quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock worth $130,000 after buying an additional 314 shares during the last quarter. Delta Asset Management LLC TN lifted its position in Visa by 2.5% in the 1st quarter. Delta Asset Management LLC TN now owns 1,541 shares of the credit-card processor’s stock worth $137,000 after buying an additional 38 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Visa in the 1st quarter worth approximately $153,000. Finally, Tarbox Group Inc. lifted its position in Visa by 259.5% in the 1st quarter. Tarbox Group Inc. now owns 2,139 shares of the credit-card processor’s stock worth $190,000 after buying an additional 1,544 shares during the last quarter. Institutional investors own 81.68% of the company’s stock.
A number of research firms recently weighed in on V. Zacks Investment Research upgraded Visa from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a research report on Tuesday. Vetr upgraded Visa from a “sell” rating to a “hold” rating and set a $105.08 target price for the company in a research report on Wednesday, September 13th. BMO Capital Markets restated an “outperform” rating on shares of Visa in a research report on Tuesday, September 12th. KeyCorp restated a “buy” rating and issued a $110.00 target price on shares of Visa in a research report on Friday, August 25th. Finally, UBS AG restated an “overweight” rating on shares of Visa in a research report on Thursday, August 24th. Four analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. Visa presently has an average rating of “Buy” and a consensus target price of $105.52.
In other news, EVP Tullier Kelly Mahon sold 29,772 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $100.91, for a total value of $3,004,292.52. Following the sale, the executive vice president now owns 17,360 shares in the company, valued at $1,751,797.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary B. Cranston sold 10,400 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.
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Visa Inc. (NYSE V) traded down 0.01% during midday trading on Wednesday, hitting $105.40. The stock had a trading volume of 2,615,213 shares. The company’s 50 day moving average price is $103.15 and its 200-day moving average price is $95.55. The stock has a market cap of $240.99 billion, a PE ratio of 39.20 and a beta of 0.94. Visa Inc. has a 52-week low of $75.17 and a 52-week high of $106.84.
Visa (NYSE:V) last issued its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. Visa had a return on equity of 30.95% and a net margin of 36.53%. The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. The company’s revenue was up 25.8% compared to the same quarter last year. Analysts forecast that Visa Inc. will post $3.43 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th were paid a $0.165 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.63%. Visa’s payout ratio is 24.54%.
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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