Visa Inc. (V) is Villere ST Denis J & Co. LLC’s 5th Largest Position

Villere ST Denis J & Co. LLC reduced its position in shares of Visa Inc. (NYSE:V) by 7.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 961,445 shares of the credit-card processor’s stock after selling 81,079 shares during the quarter. Visa accounts for about 5.0% of Villere ST Denis J & Co. LLC’s investment portfolio, making the stock its 5th biggest holding. Villere ST Denis J & Co. LLC’s holdings in Visa were worth $85,443,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. TD Asset Management Inc. boosted its holdings in shares of Visa by 4.2% in the first quarter. TD Asset Management Inc. now owns 4,809,669 shares of the credit-card processor’s stock worth $427,436,000 after buying an additional 193,424 shares during the last quarter. First Eagle Investment Management LLC raised its stake in Visa by 1.6% during the 1st quarter. First Eagle Investment Management LLC now owns 2,149,138 shares of the credit-card processor’s stock worth $190,994,000 after acquiring an additional 33,579 shares during the period. Capital Analysts LLC raised its stake in Visa by 0.9% during the 1st quarter. Capital Analysts LLC now owns 31,105 shares of the credit-card processor’s stock worth $2,764,000 after acquiring an additional 268 shares during the period. Sei Investments Co. raised its stake in Visa by 2.0% during the 1st quarter. Sei Investments Co. now owns 3,204,714 shares of the credit-card processor’s stock worth $284,803,000 after acquiring an additional 63,217 shares during the period. Finally, Smith Salley & Associates raised its stake in Visa by 1.0% during the 1st quarter. Smith Salley & Associates now owns 63,992 shares of the credit-card processor’s stock worth $5,686,000 after acquiring an additional 623 shares during the period. 81.74% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on V shares. Vetr upgraded shares of Visa from a “sell” rating to a “hold” rating and set a $105.08 price target on the stock in a research report on Wednesday. BMO Capital Markets restated an “outperform” rating on shares of Visa in a research report on Tuesday. UBS AG restated an “overweight” rating on shares of Visa in a research report on Thursday, August 24th. Robert W. Baird restated a “buy” rating on shares of Visa in a research report on Thursday, August 24th. Finally, KeyCorp reaffirmed a “buy” rating and set a $110.00 price objective on shares of Visa in a research note on Friday, August 25th. Four analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $105.35.

Visa Inc. (NYSE:V) traded down 0.74% during midday trading on Friday, reaching $105.30. The company’s stock had a trading volume of 12,622,921 shares. The stock has a market cap of $240.76 billion, a P/E ratio of 39.16 and a beta of 0.94. The stock’s 50 day moving average is $102.82 and its 200 day moving average is $95.21. Visa Inc. has a 12-month low of $75.17 and a 12-month high of $106.84.

Visa (NYSE:V) last issued its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.05. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Visa had a return on equity of 30.95% and a net margin of 36.53%. Visa’s revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 earnings per share. Analysts anticipate that Visa Inc. will post $3.43 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th were given a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.63%. Visa’s dividend payout ratio (DPR) is presently 24.54%.

In related news, Director Mary B. Cranston sold 10,400 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total transaction of $1,074,528.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Tullier Kelly Mahon sold 29,772 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total value of $3,004,292.52. Following the sale, the executive vice president now owns 17,360 shares of the company’s stock, valued at $1,751,797.60. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

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Visa Profile

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.

Institutional Ownership by Quarter for Visa (NYSE:V)

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