Visa Inc. (NYSE:V) is Atlantic Trust LLC’s 5th Largest Position

Atlantic Trust LLC decreased its position in Visa Inc. (NYSE:V) by 8.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,749 shares of the credit-card processor’s stock after selling 2,026 shares during the period. Visa accounts for approximately 3.5% of Atlantic Trust LLC’s investment portfolio, making the stock its 5th largest position. Atlantic Trust LLC’s holdings in Visa were worth $5,358,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Visa by 7.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 84,009,523 shares of the credit-card processor’s stock worth $17,787,336,000 after acquiring an additional 6,034,535 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Visa by 0.9% in the 1st quarter. Morgan Stanley now owns 41,175,579 shares of the credit-card processor’s stock worth $8,718,106,000 after acquiring an additional 382,061 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Visa by 2.0% in the 1st quarter. Geode Capital Management LLC now owns 26,805,015 shares of the credit-card processor’s stock worth $5,659,987,000 after acquiring an additional 515,935 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Visa by 3.4% in the 2nd quarter. Fisher Asset Management LLC now owns 23,646,481 shares of the credit-card processor’s stock worth $5,529,020,000 after acquiring an additional 786,166 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Visa by 10.7% in the 2nd quarter. Alliancebernstein L.P. now owns 20,743,603 shares of the credit-card processor’s stock worth $4,850,269,000 after acquiring an additional 2,009,038 shares during the last quarter. 81.04% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE V traded up $0.73 during mid-day trading on Monday, reaching $232.32. The company had a trading volume of 93,704 shares, compared to its average volume of 8,210,466. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.61. The firm has a 50 day simple moving average of $233.53 and a two-hundred day simple moving average of $229.90. The stock has a market cap of $452.55 billion, a P/E ratio of 46.83, a PEG ratio of 2.00 and a beta of 0.98. Visa Inc. has a 52-week low of $179.23 and a 52-week high of $252.67.

Visa (NYSE:V) last posted its earnings results on Tuesday, July 27th. The credit-card processor reported $1.49 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.16. The firm had revenue of $6.13 billion for the quarter, compared to the consensus estimate of $5.86 billion. Visa had a net margin of 47.97% and a return on equity of 35.45%. The company’s revenue was up 26.7% on a year-over-year basis. During the same period last year, the firm posted $1.07 EPS. On average, equities analysts expect 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 given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Thursday, August 12th. Visa’s dividend payout ratio (DPR) is 25.40%.

In other news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the firm’s stock in a transaction on Wednesday, June 30th. The shares were 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 available at the SEC website. Also, insider Rajat Taneja sold 42,336 shares of the firm’s stock in a transaction on Tuesday, July 6th. The stock was sold at an average price of $240.00, for a total transaction of $10,160,640.00. The disclosure for this sale can be found here. Insiders have sold a total of 84,813 shares of company stock worth $20,342,613 over the last three months. 0.19% of the stock is currently owned by insiders.

V has been the topic of several recent analyst reports. Susquehanna Bancshares upped their price objective on shares of Visa from $265.00 to $290.00 and gave the stock a “positive” rating in a report on Wednesday, July 28th. Wedbush upped their price objective on shares of Visa from $250.00 to $270.00 and gave the stock an “outperform” rating in a report on Wednesday, July 28th. JPMorgan Chase & Co. increased their target price on shares of Visa from $249.00 to $267.00 and gave the stock an “overweight” rating in a report on Tuesday, August 17th. Barclays increased their target price on shares of Visa from $275.00 to $284.00 and gave the stock an “overweight” rating in a report on Sunday, June 6th. Finally, Daiwa Capital Markets lowered shares of Visa from an “outperform” rating to a “neutral” rating and set a $250.00 target price on the stock. in a report on Thursday, August 12th. One research analyst has rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $271.52.

About Visa

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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