Visa Inc. (NYSE:V) Stock Holdings Cut by Montag & Caldwell LLC

Montag & Caldwell LLC trimmed its position in Visa Inc. (NYSE:V - Free Report) by 13.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 66,279 shares of the credit-card processor's stock after selling 9,931 shares during the period. Visa comprises 3.5% of Montag & Caldwell LLC's portfolio, making the stock its 8th biggest holding. Montag & Caldwell LLC's holdings in Visa were worth $17,396,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in V. Vanguard Group Inc. raised its holdings in Visa by 0.6% during the first quarter. Vanguard Group Inc. now owns 142,202,830 shares of the credit-card processor's stock valued at $39,685,966,000 after acquiring an additional 788,908 shares during the period. Capital International Investors grew its holdings in shares of Visa by 2.7% in the first quarter. Capital International Investors now owns 23,570,391 shares of the credit-card processor's stock valued at $6,578,025,000 after purchasing an additional 626,618 shares in the last quarter. Capital World Investors increased its position in Visa by 5.4% in the first quarter. Capital World Investors now owns 18,863,796 shares of the credit-card processor's stock worth $5,264,508,000 after purchasing an additional 968,008 shares during the last quarter. Fisher Asset Management LLC raised its stake in Visa by 1.9% during the fourth quarter. Fisher Asset Management LLC now owns 8,900,179 shares of the credit-card processor's stock valued at $2,317,162,000 after purchasing an additional 166,767 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Visa by 1.5% during the fourth quarter. Franklin Resources Inc. now owns 8,500,044 shares of the credit-card processor's stock valued at $2,212,986,000 after purchasing an additional 125,784 shares during the last quarter. Institutional investors own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

V has been the subject of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating and set a $317.00 price target on shares of Visa in a research note on Thursday. Macquarie reiterated an "outperform" rating and issued a $300.00 price target on shares of Visa in a report on Wednesday, July 24th. JPMorgan Chase & Co. raised their price target on Visa from $290.00 to $320.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 20th. StockNews.com raised Visa from a "hold" rating to a "buy" rating in a research report on Friday, August 9th. Finally, Royal Bank of Canada lowered their target price on shares of Visa from $315.00 to $311.00 and set an "outperform" rating for the company in a research note on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $309.81.

Visa Price Performance

NYSE V traded up $3.17 during trading hours on Monday, reaching $290.52. The company's stock had a trading volume of 4,458,454 shares, compared to its average volume of 7,088,779. The firm has a market capitalization of $529.42 billion, a price-to-earnings ratio of 32.42, a P/E/G ratio of 2.01 and a beta of 0.96. The company's 50-day moving average is $268.29 and its two-hundred day moving average is $273.16. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37. Visa Inc. has a 1-year low of $227.78 and a 1-year high of $290.96.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, hitting the consensus estimate of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The firm had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.92 billion. During the same quarter in the prior year, the firm earned $2.16 EPS. The company's revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities analysts predict that Visa Inc. will post 9.92 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Friday, August 9th. Visa's dividend payout ratio (DPR) is 23.24%.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the transaction, the chief executive officer now directly owns 538 shares in the company, valued at approximately $148,687.06. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.19% of the company's stock.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.