Dividend Assets Capital LLC maintained its stake in shares of Visa Inc. (NYSE:V) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,901 shares of the credit-card processor’s stock at the end of the second quarter. Dividend Assets Capital LLC’s holdings in Visa were worth $272,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of V. Mercer Capital Advisers Inc. raised its position in shares of Visa by 2.2% during the 1st quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock valued at $104,000 after buying an additional 25 shares during the period. Mascoma Wealth Management LLC purchased a new stake in shares of Visa during the 2nd quarter valued at approximately $122,000. SpiderRock Advisors LLC raised its position in shares of Visa by 107.1% during the 2nd quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock valued at $124,000 after buying an additional 19,709 shares during the period. Advantage Investment Management LLC raised its position in shares of Visa by 27.4% during the 1st quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock valued at $130,000 after buying an additional 314 shares during the period. Finally, Delta Asset Management LLC TN raised its position in shares of Visa by 11.7% during the 2nd quarter. Delta Asset Management LLC TN now owns 1,721 shares of the credit-card processor’s stock valued at $161,000 after buying an additional 180 shares during the period. Institutional investors and hedge funds own 81.69% of the company’s stock.
Visa Inc. (NYSE:V) opened at 108.41 on Wednesday. The firm has a 50-day moving average of $105.93 and a 200 day moving average of $98.66. The firm has a market cap of $247.87 billion, a P/E ratio of 40.32 and a beta of 0.94. Visa Inc. has a 1-year low of $75.17 and a 1-year high of $109.26.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th will be given a $0.195 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.78 annualized dividend and a dividend yield of 0.72%. This is an increase from Visa’s previous quarterly dividend of $0.17. Visa’s payout ratio is presently 24.54%.
Several research firms have recently commented on V. Cowen and Company reaffirmed a “buy” rating and set a $107.00 price target on shares of Visa in a research report on Thursday, October 12th. Mizuho reaffirmed a “buy” rating and set a $115.00 price target on shares of Visa in a research report on Thursday, October 12th. Jefferies Group LLC reaffirmed a “buy” rating and set a $125.00 price target (up previously from $112.00) on shares of Visa in a research report on Tuesday, October 17th. Stephens started coverage on Visa in a research report on Friday, October 13th. They issued an “overweight” rating and a $125.00 target price on the stock. Finally, Citigroup Inc. boosted their target price on Visa from $115.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Three research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $112.38.
In other news, EVP Tullier Kelly Mahon sold 29,772 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $100.91, for a total value of $3,004,292.52. Following the completion of the sale, the executive vice president now owns 17,360 shares of the company’s stock, valued at approximately $1,751,797.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $103.32, for a total transaction of $1,074,528.00. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.
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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