Tesco Pension Investment Ltd lowered its position in shares of Visa Inc (NYSE:V) by 2.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,041,221 shares of the credit-card processor’s stock after selling 26,992 shares during the period. Visa comprises about 5.1% of Tesco Pension Investment Ltd’s holdings, making the stock its 6th largest holding. Tesco Pension Investment Ltd’s holdings in Visa were worth $167,762,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Stephenson National Bank & Trust bought a new stake in Visa during the fourth quarter worth about $28,000. AlphaMark Advisors LLC lifted its stake in Visa by 57.8% during the first quarter. AlphaMark Advisors LLC now owns 172 shares of the credit-card processor’s stock worth $28,000 after purchasing an additional 63 shares during the last quarter. Laffer Investments bought a new stake in shares of Visa in the 4th quarter valued at about $31,000. Accurate Investment Solutions Inc. lifted its stake in shares of Visa by 117.1% in the 1st quarter. Accurate Investment Solutions Inc. now owns 241 shares of the credit-card processor’s stock valued at $39,000 after acquiring an additional 130 shares during the last quarter. Finally, Sageworth Trust Co bought a new stake in shares of Visa in the 4th quarter valued at about $40,000. 81.88% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on the company. William Blair reissued an “outperform” rating on shares of Visa in a research note on Wednesday, February 12th. Nomura Securities lowered their target price on Visa from $233.00 to $214.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. KeyCorp lowered their target price on Visa from $220.00 to $190.00 and set an “overweight” rating for the company in a research note on Monday, March 23rd. Royal Bank of Canada boosted their target price on Visa from $195.00 to $212.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Finally, Guggenheim lowered Visa from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 22nd. Five equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Visa has a consensus rating of “Buy” and a consensus price target of $202.75.
In related news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $161.40, for a total value of $1,129,800.00. Following the transaction, the chief executive officer now directly owns 142,090 shares of the company’s stock, valued at approximately $22,933,326. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 21,000 shares of company stock worth $3,620,540 in the last 90 days. 0.19% of the stock is currently owned by company insiders.
Shares of Visa stock traded up $0.24 during midday trading on Friday, hitting $190.86. The company had a trading volume of 5,581,642 shares, compared to its average volume of 9,964,502. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $370.47 billion, a P/E ratio of 34.39, a P/E/G ratio of 3.03 and a beta of 0.92. The company has a 50 day moving average of $173.48 and a 200 day moving average of $183.49. Visa Inc has a 52-week low of $133.93 and a 52-week high of $214.17.
Visa (NYSE:V) last posted its quarterly earnings results on Thursday, April 30th. The credit-card processor reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.04. The company had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.75 billion. Visa had a return on equity of 43.45% and a net margin of 52.26%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.31 EPS. Equities research analysts forecast that Visa Inc will post 4.99 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Thursday, May 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $1.20 annualized dividend and a dividend yield of 0.63%. Visa’s payout ratio is currently 22.06%.
Visa Company Profile
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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