Baldwin Investment Management LLC trimmed its position in shares of Visa Inc (NYSE:V) by 4.2% during the second quarter, HoldingsChannel.com reports. The fund owned 20,389 shares of the credit-card processor’s stock after selling 900 shares during the quarter. Visa comprises 0.8% of Baldwin Investment Management LLC’s holdings, making the stock its 8th biggest position. Baldwin Investment Management LLC’s holdings in Visa were worth $2,701,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. HC Financial Advisors Inc. bought a new stake in shares of Visa during the fourth quarter worth about $2,805,000. Parsons Capital Management Inc. RI lifted its stake in shares of Visa by 23.9% in the first quarter. Parsons Capital Management Inc. RI now owns 30,191 shares of the credit-card processor’s stock worth $3,611,000 after acquiring an additional 5,825 shares during the period. IFP Advisors Inc lifted its stake in shares of Visa by 2.8% in the first quarter. IFP Advisors Inc now owns 67,890 shares of the credit-card processor’s stock worth $8,121,000 after acquiring an additional 1,826 shares during the period. Smith Salley & Associates lifted its stake in shares of Visa by 0.8% in the first quarter. Smith Salley & Associates now owns 68,680 shares of the credit-card processor’s stock worth $8,215,000 after acquiring an additional 557 shares during the period. Finally, Personal Capital Advisors Corp lifted its stake in shares of Visa by 30.1% in the first quarter. Personal Capital Advisors Corp now owns 133,329 shares of the credit-card processor’s stock worth $15,949,000 after acquiring an additional 30,831 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.
V has been the topic of a number of recent analyst reports. Morgan Stanley raised Visa to an “overweight” rating in a research note on Monday, July 23rd. Zacks Investment Research raised Visa from a “hold” rating to a “buy” rating and set a $168.00 price objective on the stock in a research note on Tuesday, September 25th. Wells Fargo & Co lifted their price objective on Visa from $143.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, July 12th. Goldman Sachs Group lowered Visa from a “conviction-buy” rating to a “buy” rating and set a $160.00 price objective on the stock. in a research note on Monday, September 17th. Finally, BMO Capital Markets lifted their price objective on Visa from $187.00 to $196.00 and gave the stock an “outperform” rating in a research note on Thursday, October 25th. Two research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $155.47.
Shares of V opened at $145.23 on Friday. Visa Inc has a 52-week low of $106.60 and a 52-week high of $151.56. The company has a current ratio of 1.61, a quick ratio of 1.69 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $286.40 billion, a price-to-earnings ratio of 31.50, a price-to-earnings-growth ratio of 1.53 and a beta of 1.11.
Visa (NYSE:V) last issued its quarterly earnings results on Wednesday, October 24th. The credit-card processor reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.01. Visa had a return on equity of 38.00% and a net margin of 49.98%. The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.44 billion. Equities analysts predict that Visa Inc will post 5.32 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Friday, November 16th will be issued a dividend of $0.25 per share. This is an increase from Visa’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.69%. Visa’s payout ratio is currently 18.22%.
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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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