Blume Capital Management Inc. Decreases Holdings in Visa Inc. (V)

Blume Capital Management Inc. lowered its position in Visa Inc. (NYSE:V) by 1.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,562 shares of the credit-card processor’s stock after selling 40 shares during the period. Blume Capital Management Inc.’s holdings in Visa were worth $240,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in V. Norris Perne & French LLP MI increased its stake in shares of Visa by 41.2% in the 1st quarter. Norris Perne & French LLP MI now owns 178,579 shares of the credit-card processor’s stock worth $15,870,000 after acquiring an additional 52,067 shares during the last quarter. Adell Harriman & Carpenter Inc. increased its stake in shares of Visa by 0.5% in the 1st quarter. Adell Harriman & Carpenter Inc. now owns 123,797 shares of the credit-card processor’s stock worth $11,002,000 after acquiring an additional 610 shares during the last quarter. Welch Group LLC increased its stake in shares of Visa by 8.9% in the 1st quarter. Welch Group LLC now owns 3,370 shares of the credit-card processor’s stock worth $299,000 after acquiring an additional 274 shares during the last quarter. Eqis Capital Management Inc. increased its stake in shares of Visa by 93.0% in the 1st quarter. Eqis Capital Management Inc. now owns 14,836 shares of the credit-card processor’s stock worth $1,318,000 after acquiring an additional 7,148 shares during the last quarter. Finally, Syntal Capital Partners LLC increased its stake in shares of Visa by 20.8% in the 1st quarter. Syntal Capital Partners LLC now owns 6,635 shares of the credit-card processor’s stock worth $589,000 after acquiring an additional 1,144 shares during the last quarter. Institutional investors own 82.46% of the company’s stock.

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In other news, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Shares of Visa Inc. (V) opened at $111.40 on Tuesday. The company has a quick ratio of 1.65, a current ratio of 1.90 and a debt-to-equity ratio of 0.61. Visa Inc. has a 52 week low of $75.17 and a 52 week high of $112.90. The firm has a market capitalization of $232,262.88, a P/E ratio of 32.15, a price-to-earnings-growth ratio of 1.64 and a beta of 0.97.

Visa (NYSE:V) last issued its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.05. Visa had a return on equity of 31.80% and a net margin of 36.49%. The company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.63 billion. During the same quarter in the previous year, the business earned $0.78 earnings per share. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. equities research analysts expect that Visa Inc. will post 4.05 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th will be issued a $0.195 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.70%. This is a positive change from Visa’s previous quarterly dividend of $0.17. Visa’s payout ratio is presently 23.57%.

A number of brokerages have issued reports on V. Citigroup Inc. reaffirmed a “buy” rating and issued a $115.00 target price (up from $100.00) on shares of Visa in a research note on Monday, July 24th. Wells Fargo & Company reissued a “market perform” rating and set a $100.00 price objective (up from $87.50) on shares of Visa in a research report on Saturday, July 22nd. Instinet raised their price objective on Visa from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Zacks Investment Research downgraded Visa from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, BidaskClub downgraded Visa from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Three analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $116.08.

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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