Shell Asset Management Co. Sells 5,980 Shares of Visa Inc. (NYSE:V)

Shell Asset Management Co. reduced its position in shares of Visa Inc. (NYSE:VFree Report) by 4.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 139,208 shares of the credit-card processor’s stock after selling 5,980 shares during the period. Visa accounts for about 1.3% of Shell Asset Management Co.’s holdings, making the stock its 10th biggest holding. Shell Asset Management Co.’s holdings in Visa were worth $32,019,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its stake in Visa by 116,608.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock worth $5,090,978,000 after acquiring an additional 24,483,134 shares during the last quarter. Norges Bank purchased a new stake in Visa in the 4th quarter valued at $3,067,232,000. Morgan Stanley raised its position in Visa by 13.0% in the 4th quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock valued at $10,621,287,000 after purchasing an additional 5,864,340 shares during the last quarter. Capital World Investors increased its stake in Visa by 50.8% in the 2nd quarter. Capital World Investors now owns 16,012,583 shares of the credit-card processor’s stock valued at $3,802,668,000 after buying an additional 5,391,512 shares during the period. Finally, Cibc World Markets Corp increased its stake in Visa by 1,634.8% in the 2nd quarter. Cibc World Markets Corp now owns 3,938,026 shares of the credit-card processor’s stock valued at $935,202,000 after buying an additional 3,711,026 shares during the period. 81.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Visa

In other Visa news, insider Rajat Taneja sold 7,811 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $253.17, for a total value of $1,977,510.87. Following the completion of the sale, the insider now owns 232,112 shares of the company’s stock, valued at $58,763,795.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Rajat Taneja sold 7,811 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $253.17, for a total transaction of $1,977,510.87. Following the completion of the sale, the insider now owns 232,112 shares of the company’s stock, valued at $58,763,795.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $255.79, for a total transaction of $2,084,688.50. Following the sale, the chief executive officer now directly owns 29,152 shares of the company’s stock, valued at approximately $7,456,790.08. The disclosure for this sale can be found here. Insiders sold 94,857 shares of company stock valued at $24,966,149 over the last 90 days. 0.19% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on V. Raymond James boosted their price objective on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Citigroup upped their target price on shares of Visa from $296.00 to $306.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Oppenheimer upped their target price on shares of Visa from $248.00 to $252.00 and gave the company an “outperform” rating in a report on Wednesday, October 18th. Susquehanna increased their price objective on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a report on Friday, January 26th. Finally, Jefferies Financial Group increased their price objective on shares of Visa from $280.00 to $295.00 and gave the stock a “buy” rating in a report on Tuesday, December 12th. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $290.55.

Read Our Latest Report on Visa

Visa Trading Down 0.2 %

V traded down $0.45 on Tuesday, reaching $275.13. 1,006,949 shares of the company’s stock were exchanged, compared to its average volume of 5,523,443. The company’s 50 day moving average is $262.82 and its 200-day moving average is $248.35. The company has a market cap of $505.28 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 1.91 and a beta of 0.97. Visa Inc. has a twelve month low of $208.76 and a twelve month high of $279.99. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45.

Visa (NYSE:VGet Free Report) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. During the same quarter last year, the company earned $2.18 earnings per share. Visa’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities analysts predict that Visa Inc. will post 9.91 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 9th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, February 8th. Visa’s dividend payout ratio (DPR) is 23.94%.

Visa Profile

(Free Report)

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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