P.A.W. Capital Corp continued to hold its position in shares of 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 firm owned 18,000 shares of the credit-card processor’s stock at the close of the 2nd quarter. Visa accounts for about 1.7% of P.A.W. Capital Corp’s portfolio, making the stock its 24th biggest holding. P.A.W. Capital Corp’s holdings in Visa were worth $1,688,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of V. Clearbridge Investments LLC lifted its position in shares of Visa by 41.4% in the first quarter. Clearbridge Investments LLC now owns 9,145,672 shares of the credit-card processor’s stock valued at $812,776,000 after acquiring an additional 2,677,533 shares in the last quarter. Swiss National Bank lifted its position in shares of Visa by 23.2% in the first quarter. Swiss National Bank now owns 7,360,428 shares of the credit-card processor’s stock valued at $654,121,000 after acquiring an additional 1,388,200 shares in the last quarter. Akre Capital Management LLC lifted its position in shares of Visa by 35.0% in the first quarter. Akre Capital Management LLC now owns 4,889,020 shares of the credit-card processor’s stock valued at $434,487,000 after acquiring an additional 1,267,080 shares in the last quarter. Karp Capital Management Corp lifted its position in shares of Visa by 3,256.5% in the first quarter. Karp Capital Management Corp now owns 970,495 shares of the credit-card processor’s stock valued at $86,248,000 after acquiring an additional 941,581 shares in the last quarter. Finally, MUFG Securities EMEA plc lifted its position in shares of Visa by 7.0% in the first quarter. MUFG Securities EMEA plc now owns 11,768,474 shares of the credit-card processor’s stock valued at $1,045,864,000 after acquiring an additional 775,000 shares in the last quarter. 81.74% of the stock is currently owned by institutional investors.
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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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Tullier Kelly Mahon sold 29,772 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total value 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 $1,751,797.60. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.
Several analysts have recently issued reports on the company. Vetr upgraded Visa from a “hold” rating to a “buy” rating and set a $100.12 price objective on the stock in a research report on Tuesday, June 27th. Instinet upped their price objective on Visa from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Wells Fargo & Company restated a “market perform” rating and issued a $100.00 price objective (up from $87.50) on shares of Visa in a research report on Saturday, July 22nd. Citigroup Inc. restated a “buy” rating and issued a $115.00 price objective (up from $100.00) on shares of Visa in a research report on Monday, July 24th. Finally, Zacks Investment Research downgraded Visa from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Visa has an average rating of “Buy” and a consensus target price of $104.77.
Shares of Visa Inc. (NYSE:V) traded up 1.47% during midday trading on Monday, reaching $105.96. The company’s stock had a trading volume of 3,274,703 shares. Visa Inc. has a 12 month low of $75.17 and a 12 month high of $106.05. The stock has a market capitalization of $242.27 billion, a P/E ratio of 39.40 and a beta of 0.94. The stock’s 50-day moving average is $102.05 and its 200 day moving average is $94.67.
Visa (NYSE:V) last announced its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. The business had revenue of $4.57 billion for 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%. Visa’s revenue was up 25.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 EPS. On average, analysts expect that Visa Inc. will post $3.42 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Wednesday, August 16th. Visa’s payout ratio is currently 24.54%.
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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