Capital Advisors Inc. OK Lowers Stake in Visa (V)

Capital Advisors Inc. OK reduced its position in shares of Visa (NYSE:V) by 4.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 163,588 shares of the credit-card processor’s stock after selling 6,774 shares during the quarter. Visa comprises approximately 1.1% of Capital Advisors Inc. OK’s holdings, making the stock its 18th largest holding. Capital Advisors Inc. OK’s holdings in Visa were worth $18,652,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Welch Investments LLC purchased a new stake in Visa during the 3rd quarter valued at $101,000. Cordasco Financial Network purchased a new stake in Visa in the third quarter worth $105,000. Massey Quick Simon & CO. LLC purchased a new stake in Visa in the third quarter worth $110,000. MPS Loria Financial Planners LLC purchased a new stake in Visa in the second quarter worth $123,000. Finally, Almanack Investment Partners LLC. purchased a new stake in Visa in the second quarter worth $125,000. Hedge funds and other institutional investors own 81.52% of the company’s stock.

How to Become a New Pot Stock Millionaire

Visa stock opened at $119.62 on Friday. The company has a market capitalization of $246,481.45, a PE ratio of 34.37, a price-to-earnings-growth ratio of 1.57 and a beta of 0.99. Visa has a 12 month low of $88.13 and a 12 month high of $126.88. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.07 and a quick ratio of 2.07.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, February 1st. The credit-card processor reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.10. The business had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.82 billion. Visa had a return on equity of 32.97% and a net margin of 38.12%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 earnings per share. equities analysts predict that Visa will post 4.38 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Friday, February 16th were given a $0.21 dividend. The ex-dividend date was Thursday, February 15th. This is a boost from Visa’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.70%. Visa’s payout ratio is 24.14%.

Visa announced that its Board of Directors has initiated a share buyback program on Thursday, February 1st that permits the company to repurchase $7.50 billion in outstanding shares. This repurchase authorization permits the credit-card processor to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Several equities analysts have recently commented on the company. Susquehanna Bancshares raised their price target on Visa from $126.00 to $148.00 in a research note on Thursday, December 28th. Wells Fargo reissued an “outperform” rating and issued a $135.00 price target (up previously from $127.00) on shares of Visa in a report on Tuesday, January 9th. Stephens restated a “buy” rating and issued a $135.00 price objective on shares of Visa in a research note on Wednesday, January 10th. Cowen restated a “buy” rating and issued a $129.00 price objective on shares of Visa in a research note on Friday, January 12th. Finally, Citigroup restated a “buy” rating and issued a $136.00 price objective (up from $124.00) on shares of Visa in a research note on Friday, January 12th. Three equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the stock. Visa presently has a consensus rating of “Buy” and a consensus target price of $135.21.

In other news, EVP Lynne Biggar sold 1,712 shares of Visa stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $120.00, for a total value of $205,440.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.14% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by WKRB News and is the property of of WKRB News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://www.wkrb13.com/2018/04/01/capital-advisors-inc-ok-lowers-stake-in-visa-v.html.

About Visa

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.

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa (NYSE:V).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply