Edmond DE Rothschild Holding S.A. Sells 11,817 Shares of Visa Inc. (NYSE:V)

Edmond DE Rothschild Holding S.A. reduced its stake in shares of Visa Inc. (NYSE:V) by 7.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 144,131 shares of the credit-card processor’s stock after selling 11,817 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Visa were worth $33,699,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV grew its position in shares of Visa by 2.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,118 shares of the credit-card processor’s stock valued at $495,000 after acquiring an additional 42 shares during the period. G&S Capital LLC lifted its position in shares of Visa by 1.8% during the second quarter. G&S Capital LLC now owns 2,429 shares of the credit-card processor’s stock worth $568,000 after acquiring an additional 43 shares in the last quarter. Founders Capital Management lifted its position in shares of Visa by 2.9% during the second quarter. Founders Capital Management now owns 1,600 shares of the credit-card processor’s stock worth $374,000 after acquiring an additional 45 shares in the last quarter. CapWealth Advisors LLC grew its position in shares of Visa by 4.4% in the second quarter. CapWealth Advisors LLC now owns 1,067 shares of the credit-card processor’s stock valued at $249,000 after purchasing an additional 45 shares in the last quarter. Finally, QP Wealth Management LLC raised its stake in shares of Visa by 0.5% during the 2nd quarter. QP Wealth Management LLC now owns 9,251 shares of the credit-card processor’s stock valued at $2,163,000 after purchasing an additional 46 shares during the period. 81.04% of the stock is owned by hedge funds and other institutional investors.

In other Visa news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the stock in a transaction that occurred on Wednesday, June 30th. The stock was sold at an average price of $235.11, for a total value of $2,115,990.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tullier Kelly Mahon sold 2,091 shares of the stock in a transaction that occurred on Wednesday, July 28th. The stock was sold at an average price of $248.71, for a total value of $520,052.61. Following the completion of the sale, the executive vice president now owns 32,055 shares of the company’s stock, valued at approximately $7,972,399.05. The disclosure for this sale can be found here. Insiders have sold a total of 84,813 shares of company stock valued at $20,342,613 over the last 90 days. 0.19% of the stock is currently owned by company insiders.

A number of research firms recently issued reports on V. Morgan Stanley boosted their price objective on Visa from $279.00 to $282.00 and gave the company an “overweight” rating in a research note on Wednesday, July 28th. Daiwa Capital Markets lowered Visa from an “outperform” rating to a “neutral” rating and set a $250.00 price objective on the stock. in a research note on Thursday, August 12th. Oppenheimer boosted their price objective on Visa from $260.00 to $281.00 and gave the company an “outperform” rating in a research note on Friday, July 9th. Wells Fargo & Company boosted their price objective on Visa from $265.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, July 28th. Finally, Compass Point upped their target price on Visa from $265.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, July 28th. One research analyst has rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $271.52.

Shares of V stock opened at $220.90 on Tuesday. The stock has a market capitalization of $430.30 billion, a PE ratio of 44.45, a P/E/G ratio of 2.00 and a beta of 0.98. Visa Inc. has a 1-year low of $179.23 and a 1-year high of $252.67. The business has a 50-day moving average of $235.18 and a 200 day moving average of $229.74. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.00 and a quick ratio of 2.00.

Visa (NYSE:V) last issued its earnings results on Tuesday, July 27th. The credit-card processor reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.16. The company had revenue of $6.13 billion during the quarter, compared to analysts’ expectations of $5.86 billion. Visa had a return on equity of 35.45% and a net margin of 47.97%. Visa’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 EPS. Analysts anticipate that Visa Inc. will post 5.82 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 1st. Investors of record on Friday, August 13th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.58%. The ex-dividend date was Thursday, August 12th. Visa’s dividend payout ratio is presently 25.40%.

Visa Profile

Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit card, credit card, prepaid products, commercial payment solutions, and global ATM.

Further Reading: Trade Deficit

Institutional Ownership by Quarter for Visa (NYSE:V)

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