Blue Whale Capital LLP lowered its holdings in Visa Inc. (NYSE:V - Free Report) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 223,108 shares of the credit-card processor's stock after selling 10,638 shares during the period. Visa makes up 5.2% of Blue Whale Capital LLP's portfolio, making the stock its 8th biggest position. Blue Whale Capital LLP's holdings in Visa were worth $70,511,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. Norges Bank acquired a new position in shares of Visa in the fourth quarter worth $5,171,271,000. Vanguard Group Inc. grew its stake in Visa by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock valued at $50,378,465,000 after purchasing an additional 7,079,706 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Visa in the 4th quarter worth about $1,955,403,000. Proficio Capital Partners LLC raised its stake in shares of Visa by 17,018.7% during the 4th quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock worth $1,248,079,000 after purchasing an additional 3,926,049 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Visa by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor's stock valued at $10,601,135,000 after buying an additional 2,772,549 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.
Analyst Ratings Changes
A number of research firms recently commented on V. Keefe, Bruyette & Woods restated a "hold" rating on shares of Visa in a report on Thursday, February 13th. StockNews.com lowered shares of Visa from a "buy" rating to a "hold" rating in a research note on Monday. Seaport Res Ptn raised shares of Visa from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Citigroup reissued a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Finally, Barclays boosted their price target on Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $355.84.
View Our Latest Stock Report on Visa
Insider Activity
In related news, CAO Peter M. Andreski sold 2,332 shares of the business's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares of the company's stock, valued at $1,569,094.56. The trade was a 34.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the company's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the sale, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,205 shares of company stock worth $48,842,490. 0.13% of the stock is currently owned by corporate insiders.
Visa Stock Performance
V stock traded up $10.68 during trading on Friday, reaching $335.29. 2,958,387 shares of the stock were exchanged, compared to its average volume of 7,270,057. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $622.89 billion, a P/E ratio of 33.63, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The stock has a 50 day simple moving average of $342.63 and a 200-day simple moving average of $318.32.
Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, sell-side analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.
Visa Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.70%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is presently 23.79%.
About Visa
(
Free Report)
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.
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