Visa Inc. (V) Shares Sold by Centre Asset Management LLC

Centre Asset Management LLC trimmed its position in Visa Inc. (NYSE:V) by 3.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 62,630 shares of the credit-card processor’s stock after selling 2,140 shares during the quarter. Centre Asset Management LLC’s holdings in Visa were worth $5,873,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Carret Asset Management LLC increased its holdings in shares of Visa by 4.5% during the first quarter. Carret Asset Management LLC now owns 27,037 shares of the credit-card processor’s stock worth $2,403,000 after purchasing an additional 1,153 shares during the period. DE Burlo Group Inc. boosted its position in shares of Visa by 65.9% during the 1st quarter. DE Burlo Group Inc. now owns 145,000 shares of the credit-card processor’s stock worth $12,886,000 after acquiring an additional 57,600 shares in the last quarter. Achmea Investment Management B.V. acquired a new stake in shares of Visa during the 1st quarter worth approximately $7,938,000. Aberdeen Asset Management PLC UK boosted its position in shares of Visa by 5.6% during the 1st quarter. Aberdeen Asset Management PLC UK now owns 5,470,559 shares of the credit-card processor’s stock worth $486,168,000 after acquiring an additional 290,480 shares in the last quarter. Finally, British Airways Pensions Investment Management Ltd boosted its position in shares of Visa by 100.4% during the 1st quarter. British Airways Pensions Investment Management Ltd now owns 658,038 shares of the credit-card processor’s stock worth $58,449,000 after acquiring an additional 329,750 shares in the last quarter. 81.74% of the stock is currently owned by institutional investors.

Visa Inc. (NYSE V) traded down 0.74% during mid-day trading on Friday, reaching $105.30. 12,622,921 shares of the company were exchanged. The stock has a market capitalization of $240.76 billion, a price-to-earnings ratio of 39.16 and a beta of 0.94. The stock’s 50-day moving average price is $102.82 and its 200-day moving average price is $95.21. Visa Inc. has a 1-year low of $75.17 and a 1-year high of $106.84.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors 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 dividend yield of 0.63%. The ex-dividend date of this dividend was Wednesday, August 16th. Visa’s payout ratio is 24.54%.

A number of brokerages have weighed in on V. Wedbush restated an “outperform” rating and issued a $100.00 target price (up previously from $96.00) on shares of Visa in a research report on Tuesday, June 6th. Loop Capital lifted their price target on shares of Visa from $101.00 to $111.00 and gave the stock a “buy” rating in a report on Friday, July 21st. They noted that the move was a valuation call. Deutsche Bank AG lifted their price target on shares of Visa from $124.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 10th. Instinet lifted their target price on shares of Visa from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Finally, BidaskClub raised shares of Visa from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Four research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $105.35.

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In related news, EVP Tullier Kelly Mahon sold 29,772 shares of the firm’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the completion of the transaction, the executive vice president now directly owns 17,360 shares in the company, valued at approximately $1,751,797.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary B. Cranston sold 10,400 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were 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 currently owned by company insiders.

Visa 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.

Institutional Ownership by Quarter for Visa (NYSE:V)

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