Godshalk Welsh Capital Management Inc. Reduces Holdings in Visa Inc (V)

Godshalk Welsh Capital Management Inc. decreased its holdings in Visa Inc (NYSE:V) by 13.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,200 shares of the credit-card processor’s stock after selling 800 shares during the period. Godshalk Welsh Capital Management Inc.’s holdings in Visa were worth $547,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of V. Krilogy Financial LLC lifted its position in shares of Visa by 0.3% during the 2nd quarter. Krilogy Financial LLC now owns 2,572 shares of the credit-card processor’s stock worth $241,000 after purchasing an additional 7 shares during the last quarter. Capital Investment Advisory Services LLC lifted its position in shares of Visa by 0.4% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 4,747 shares of the credit-card processor’s stock worth $445,000 after purchasing an additional 20 shares during the last quarter. Baker Ellis Asset Management LLC lifted its position in shares of Visa by 0.3% during the 2nd quarter. Baker Ellis Asset Management LLC now owns 6,262 shares of the credit-card processor’s stock worth $587,000 after purchasing an additional 20 shares during the last quarter. Lakeview Capital Partners LLC lifted its position in shares of Visa by 0.8% during the 2nd quarter. Lakeview Capital Partners LLC now owns 4,283 shares of the credit-card processor’s stock worth $402,000 after purchasing an additional 34 shares during the last quarter. Finally, Raab & Moskowitz Asset Management LLC lifted its position in shares of Visa by 0.5% during the 2nd quarter. Raab & Moskowitz Asset Management LLC now owns 7,428 shares of the credit-card processor’s stock worth $739,000 after purchasing an additional 38 shares during the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.

In other news, SVP James H. Hoffmeister sold 2,146 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $112.09, for a total value of $240,545.14. Following the completion of the sale, the senior vice president now directly owns 687 shares of the company’s stock, valued at $77,005.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Tullier Kelly Mahon sold 49,702 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $113.66, for a total transaction of $5,649,129.32. Following the completion of the sale, the executive vice president now directly owns 76,202 shares of the company’s stock, valued at $8,661,119.32. The disclosure for this sale can be found here. Insiders sold 58,068 shares of company stock valued at $6,597,262 over the last ninety days. Corporate insiders own 0.14% of the company’s stock.

Shares of Visa Inc (NYSE V) opened at $113.86 on Friday. Visa Inc has a 1 year low of $84.88 and a 1 year high of $126.88. The firm has a market cap of $258,030.00, a price-to-earnings ratio of 37.70, a P/E/G ratio of 1.59 and a beta of 1.03. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.60.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, February 1st. The credit-card processor reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.10. Visa had a net margin of 38.12% and a return on equity of 32.97%. The firm had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the previous year, the company earned $0.86 earnings per share. Visa’s quarterly revenue was up 9.0% compared to the same quarter last year. equities analysts predict that Visa Inc will post 4.36 EPS for the current year.

Visa announced that its Board of Directors has approved a share repurchase plan on Thursday, February 1st that allows the company to repurchase $7.50 billion in shares. This repurchase authorization allows the credit-card processor to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Friday, February 16th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.74%. This is a boost from Visa’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, February 15th. Visa’s dividend payout ratio is presently 25.83%.

Several equities research analysts have recently issued reports on the stock. Guggenheim reaffirmed a “buy” rating and set a $136.00 price objective on shares of Visa in a research report on Friday, February 2nd. Nomura decreased their price objective on shares of Visa from $148.00 to $146.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. Piper Jaffray Companies lifted their price objective on shares of Visa from $158.00 to $164.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Mizuho reaffirmed a “buy” rating and set a $136.00 price objective on shares of Visa in a research report on Friday, February 2nd. Finally, Vetr raised shares of Visa from a “hold” rating to a “buy” rating and set a $126.37 price objective for the company in a research report on Monday. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $133.85.

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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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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