Capital Counsel LLC NY grew its holdings in Visa (NYSE:V) by 0.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 813,986 shares of the credit-card processor’s stock after buying an additional 1,055 shares during the period. Visa makes up 7.6% of Capital Counsel LLC NY’s portfolio, making the stock its 4th largest holding. Capital Counsel LLC NY’s holdings in Visa were worth $92,811,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the business. Haverford Trust Co. lifted its holdings in shares of Visa by 32.9% in the 4th quarter. Haverford Trust Co. now owns 5,970 shares of the credit-card processor’s stock worth $681,000 after acquiring an additional 1,478 shares during the last quarter. WINTON GROUP Ltd lifted its holdings in shares of Visa by 256.7% in the 4th quarter. WINTON GROUP Ltd now owns 9,345 shares of the credit-card processor’s stock worth $1,066,000 after acquiring an additional 6,725 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Visa by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 20,412,345 shares of the credit-card processor’s stock worth $2,322,847,000 after acquiring an additional 719,390 shares during the last quarter. Investec Asset Management LTD lifted its holdings in shares of Visa by 2.9% in the 4th quarter. Investec Asset Management LTD now owns 4,012,909 shares of the credit-card processor’s stock worth $457,552,000 after acquiring an additional 111,565 shares during the last quarter. Finally, Maverick Capital Ltd. lifted its holdings in shares of Visa by 8.2% in the 4th quarter. Maverick Capital Ltd. now owns 3,612,923 shares of the credit-card processor’s stock worth $411,945,000 after acquiring an additional 274,169 shares during the last quarter. 82.07% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently issued reports on V. Zacks Investment Research lowered shares of Visa from a “buy” rating to a “hold” rating in a report on Friday, May 4th. Argus lifted their price objective on shares of Visa from $140.00 to $145.00 and gave the company a “buy” rating in a report on Friday, April 27th. Buckingham Research lifted their price objective on shares of Visa from $150.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, April 26th. Morgan Stanley lifted their price objective on shares of Visa from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, April 26th. Finally, Guggenheim reiterated a “buy” rating and set a $143.00 price objective on shares of Visa in a report on Monday, April 9th. Three equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $137.42.
NYSE V opened at $129.93 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.58. The stock has a market cap of $267.96 billion, a price-to-earnings ratio of 37.34, a price-to-earnings-growth ratio of 1.71 and a beta of 0.98. Visa has a one year low of $130.72 and a one year high of $131.39.
Visa (NYSE:V) last issued its quarterly earnings data on Wednesday, April 25th. The credit-card processor reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.10. Visa had a net margin of 48.18% and a return on equity of 33.90%. The firm had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the previous year, the firm earned $0.86 EPS. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. equities research analysts expect that Visa will post 4.46 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 5th. Stockholders of record on Friday, May 18th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, May 17th. Visa’s payout ratio is currently 24.14%.
Visa announced that its board has authorized a stock repurchase program on Thursday, February 1st that authorizes the company to buyback $7.50 billion in outstanding shares. This buyback authorization authorizes the credit-card processor to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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