Capital Advisors Inc. OK lessened its holdings in shares of Visa Inc (NYSE:V) by 13.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 130,006 shares of the credit-card processor’s stock after selling 19,906 shares during the period. Visa accounts for 1.1% of Capital Advisors Inc. OK’s holdings, making the stock its 29th biggest holding. Capital Advisors Inc. OK’s holdings in Visa were worth $25,841,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of V. CBIZ Investment Advisory Services LLC acquired a new position in shares of Visa during the first quarter worth $25,000. Cedar Mountain Advisors LLC lifted its holdings in Visa by 102.6% in the second quarter. Cedar Mountain Advisors LLC now owns 158 shares of the credit-card processor’s stock valued at $31,000 after buying an additional 80 shares during the period. CVA Family Office LLC acquired a new position in Visa in the first quarter valued at $32,000. Price Wealth LLC lifted its holdings in Visa by 90.0% in the second quarter. Price Wealth LLC now owns 190 shares of the credit-card processor’s stock valued at $37,000 after buying an additional 90 shares during the period. Finally, Centerpoint Advisors LLC acquired a new position in Visa in the second quarter valued at $43,000. Institutional investors own 80.74% of the company’s stock.
V has been the topic of several recent analyst reports. Oppenheimer initiated coverage on shares of Visa in a report on Tuesday, June 23rd. They issued an “outperform” rating and a $202.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of Visa from $186.00 to $229.00 and gave the company an “overweight” rating in a report on Monday, August 17th. Citigroup boosted their target price on shares of Visa from $205.00 to $223.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Mizuho started coverage on shares of Visa in a report on Wednesday, August 26th. They issued a “buy” rating and a $250.00 target price on the stock. Finally, KeyCorp lifted their price target on shares of Visa from $190.00 to $215.00 and gave the company a “positive” rating in a research note on Monday, August 3rd. Six research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $213.34.
Visa (NYSE:V) last released its earnings results on Tuesday, July 28th. The credit-card processor reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.05. The firm had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.85 billion. Visa had a net margin of 51.37% and a return on equity of 40.65%. The company’s quarterly revenue was down 18.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.37 earnings per share. On average, research analysts anticipate that Visa Inc will post 5.01 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Thursday, August 13th. Visa’s payout ratio is 22.06%.
In related news, insider Rajat Taneja sold 45,036 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $214.00, for a total transaction of $9,637,704.00. Following the sale, the insider now directly owns 230,851 shares in the company, valued at approximately $49,402,114. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lynne Biggar sold 5,500 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $199.99, for a total transaction of $1,099,945.00. Following the sale, the executive vice president now owns 19,370 shares in the company, valued at $3,873,806.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 118,122 shares of company stock worth $24,683,231. Corporate insiders own 0.19% of the company’s stock.
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.
Featured Article: What is meant by holder of record?
Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (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.