WealthTrust Arizona LLC Raises Stake in Visa Inc. (V)

WealthTrust Arizona LLC raised its stake in shares of Visa Inc. (NYSE:V) by 0.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,230 shares of the credit-card processor’s stock after buying an additional 2 shares during the period. WealthTrust Arizona LLC’s holdings in Visa were worth $198,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of V. Virginia Retirement Systems ET AL increased its position in Visa by 21.1% in the third quarter. Virginia Retirement Systems ET AL now owns 926,900 shares of the credit-card processor’s stock worth $76,655,000 after buying an additional 161,800 shares during the period. WCM Investment Management CA increased its position in Visa by 99.5% in the third quarter. WCM Investment Management CA now owns 464,314 shares of the credit-card processor’s stock worth $38,399,000 after buying an additional 231,530 shares during the period. Bradley Foster & Sargent Inc. CT increased its position in Visa by 0.3% in the third quarter. Bradley Foster & Sargent Inc. CT now owns 25,349 shares of the credit-card processor’s stock worth $2,096,000 after buying an additional 73 shares during the period. Mizuho Trust & Banking Co. Ltd. increased its position in Visa by 0.9% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 3,073,443 shares of the credit-card processor’s stock worth $254,174,000 after buying an additional 28,351 shares during the period. Finally, Willingdon Wealth Management increased its position in Visa by 4.1% in the third quarter. Willingdon Wealth Management now owns 21,690 shares of the credit-card processor’s stock worth $1,794,000 after buying an additional 859 shares during the period. Institutional investors and hedge funds own 83.43% of the company’s stock.

Institutional Ownership by Quarter for Visa (NYSE:V)

Visa Inc. (NYSE:V) traded up 0.66% during trading on Monday, reaching $94.79. The company’s stock had a trading volume of 5,984,222 shares. The stock has a 50-day moving average price of $93.71 and a 200 day moving average price of $87.18. Visa Inc. has a 52-week low of $73.25 and a 52-week high of $96.60.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, April 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Visa had a return on equity of 29.14% and a net margin of 28.78%. The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same period in the prior year, the business earned $0.68 EPS. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. Analysts anticipate that Visa Inc. will post $3.37 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 6th. Stockholders of record on Friday, May 19th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Wednesday, May 17th. Visa’s payout ratio is currently 33.00%.

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A number of brokerages have recently issued reports on V. Wedbush reiterated an “outperform” rating and set a $100.00 price objective (up previously from $96.00) on shares of Visa in a research note on Tuesday, June 6th. Vetr cut Visa from a “hold” rating to a “sell” rating and set a $92.84 price objective on the stock. in a research note on Monday, June 5th. BidaskClub cut Visa from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Zacks Investment Research cut Visa from a “buy” rating to a “hold” rating and set a $106.00 price objective on the stock. in a research note on Wednesday, June 14th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $100.00 price objective on shares of Visa in a research note on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $95.73.

In other news, Vice Chairman Ellen Richey sold 31,260 shares of the company’s stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $91.94, for a total value of $2,874,044.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Visa Company 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.

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