Visa Inc. (V) Position Held by Mycio Wealth Partners LLC

Mycio Wealth Partners LLC held its position in Visa Inc. (NYSE:V) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,933 shares of the credit-card processor’s stock at the end of the 2nd quarter. Mycio Wealth Partners LLC’s holdings in Visa were worth $883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of V. Clearbridge Investments LLC grew its stake in Visa by 41.4% during the first quarter. Clearbridge Investments LLC now owns 9,145,672 shares of the credit-card processor’s stock worth $812,776,000 after buying an additional 2,677,533 shares during the last quarter. Harbour Capital Advisors LLC grew its stake in Visa by 10,570.6% during the second quarter. Harbour Capital Advisors LLC now owns 1,598,668 shares of the credit-card processor’s stock worth $17,047,000 after buying an additional 1,583,686 shares during the last quarter. Swiss National Bank grew its stake in Visa by 23.2% during the first quarter. Swiss National Bank now owns 7,360,428 shares of the credit-card processor’s stock worth $654,121,000 after buying an additional 1,388,200 shares during the last quarter. Akre Capital Management LLC grew its stake in Visa by 35.0% during the first quarter. Akre Capital Management LLC now owns 4,889,020 shares of the credit-card processor’s stock worth $434,487,000 after buying an additional 1,267,080 shares during the last quarter. Finally, Karp Capital Management Corp grew its stake in Visa by 3,256.5% during the first quarter. Karp Capital Management Corp now owns 970,495 shares of the credit-card processor’s stock worth $86,248,000 after buying an additional 941,581 shares during the last quarter. 82.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of Visa Inc. (NYSE V) opened at $111.98 on Wednesday. The company has a market cap of $255,870.00, a price-to-earnings ratio of 32.15, a price-to-earnings-growth ratio of 1.64 and a beta of 0.98. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.65. Visa Inc. has a 12 month low of $75.17 and a 12 month high of $112.90.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th will be paid 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 yield of 0.70%. This is a boost from Visa’s previous quarterly dividend of $0.17. Visa’s dividend payout ratio (DPR) is currently 24.54%.

In other Visa news, Director Mary B. Cranston sold 10,400 shares of the stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total value of $1,074,528.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.14% of the company’s stock.

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V has been the topic of several research analyst reports. Jefferies Group LLC upped their price objective on shares of Visa from $104.00 to $112.00 and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Oppenheimer Holdings, Inc. upped their price objective on shares of Visa from $100.00 to $106.00 in a research note on Tuesday, July 18th. Loop Capital upped their price objective on shares of Visa from $101.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. They noted that the move was a valuation call. Instinet upped their price objective 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, Nomura upped their target price on shares of Visa from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Three equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $116.08.

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.

Institutional Ownership by Quarter for Visa (NYSE:V)

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