Burleson & Company LLC Makes New Investment in Visa Inc. (NYSE:V)

Burleson & Company LLC purchased a new position in shares of Visa Inc. (NYSE:V) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 611 shares of the credit-card processor’s stock, valued at approximately $129,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of V. Price T Rowe Associates Inc. MD grew its holdings in shares of Visa by 2.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 77,974,988 shares of the credit-card processor’s stock valued at $17,039,976,000 after purchasing an additional 2,064,562 shares in the last quarter. Morgan Stanley boosted its position in Visa by 20.2% in the 4th quarter. Morgan Stanley now owns 40,793,518 shares of the credit-card processor’s stock valued at $8,922,767,000 after buying an additional 6,857,457 shares during the period. Fisher Asset Management LLC grew its stake in shares of Visa by 2.9% in the first quarter. Fisher Asset Management LLC now owns 22,860,315 shares of the credit-card processor’s stock worth $4,840,215,000 after acquiring an additional 639,826 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Visa by 0.3% during the first quarter. Alliancebernstein L.P. now owns 18,734,565 shares of the credit-card processor’s stock worth $3,966,669,000 after acquiring an additional 65,120 shares during the period. Finally, Norges Bank acquired a new stake in shares of Visa in the fourth quarter valued at $3,305,348,000. 81.35% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on the company. Mizuho upped their price target on Visa from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, April 28th. Jefferies Financial Group raised their target price on shares of Visa from $260.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, April 28th. Oppenheimer boosted their price target on shares of Visa from $245.00 to $260.00 in a report on Wednesday, April 28th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Visa in a research report on Wednesday, May 5th. Finally, Morgan Stanley increased their target price on Visa from $258.00 to $279.00 and gave the company an “overweight” rating in a report on Monday, May 3rd. Twenty-four investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of $254.46.

In related news, Director Robert W. Matschullat sold 3,783 shares of the stock in a transaction dated Thursday, May 6th. The shares were sold at an average price of $230.37, for a total value of $871,489.71. Following the sale, the director now directly owns 27,234 shares of the company’s stock, valued at approximately $6,273,896.58. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert W. Matschullat sold 29,956 shares of the firm’s stock in a transaction dated Thursday, March 18th. The shares were sold at an average price of $223.02, for a total transaction of $6,680,787.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 118,611 shares of company stock worth $26,847,669. Insiders own 0.19% of the company’s stock.

Shares of NYSE:V opened at $233.95 on Friday. Visa Inc. has a 1-year low of $179.23 and a 1-year high of $237.50. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.12 and a current ratio of 2.12. The firm has a market cap of $455.73 billion, a PE ratio of 48.34, a P/E/G ratio of 2.20 and a beta of 1.00. The stock’s fifty day simple moving average is $227.07.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 27th. The credit-card processor reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.12. Visa had a net margin of 49.93% and a return on equity of 33.86%. The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $5.54 billion. During the same period in the prior year, the company earned $1.39 earnings per share. The business’s revenue was down 2.1% compared to the same quarter last year. Analysts anticipate that Visa Inc. will post 5.57 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 1st. Stockholders of record on Friday, May 14th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Thursday, May 13th. Visa’s dividend payout ratio (DPR) is presently 25.40%.

About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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