Value Partners Investments Inc. increases its equity holding in Visa Inc. (NYSE:V)

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Value Partners Investments Inc. increased its stake in shares of Visa Inc. (NYSE:V – Get Rating) by 7.1% during the 1st quarter, reports Holdings Channel. The institutional investor owned 6,294 shares of the credit card processor after purchasing an additional 415 shares during the period. Value Partners Investments Inc.’s holdings in Visa were worth $1,396,000 when it last filed with the SEC.

A number of other hedge funds also bought and sold shares of the company. BlackRock Inc. increased its position in Visa by 1.9% in the fourth quarter. BlackRock Inc. now owns 129,031,301 shares of the credit card processor worth $27,962,374,000 after buying an additional 2,440,030 shares in the last quarter. State Street Corp increased its stake in Visa shares by 2.1% in the fourth quarter. State Street Corp now owns 74,542,114 shares of the credit card processor valued at $16,154,022,000 after purchasing an additional 1,504,897 shares during the period. Geode Capital Management LLC increased its stake in Visa shares by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 29,682,215 shares of the credit card processor valued at $6,416,486,000 after purchasing an additional 827,137 shares during the period. Alliancebernstein LP increased its stake in Visa shares by 11.5% in the fourth quarter. Alliancebernstein LP now owns 25,850,411 shares of the credit card processor valued at $5,602,043,000 after purchasing an additional 2,659,845 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in Visa shares by 1.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 24,368,049 shares of the credit card processor valued at $5,280,800,000 after purchasing an additional 320,042 shares during the period. 80.77% of the shares are currently held by institutional investors and hedge funds.

Several analysts have released reports on V shares. Cowen lowered its target price on Visa from $276.00 to $254.00 in a Wednesday, April 27 research note. Cowen lowered his target price on Visa from $276.00 to $254.00 and set an “outperform” rating on the stock in a Wednesday, April 27 research note. StockNews.com upgraded Visa from a “hold” to a “buy” rating in a Thursday, April 28 research note. Barclays lowered its target price on Visa from $265.00 to $260.00 and set an “overweight” rating on the stock in a Monday April 4 research note. Finally, Citigroup lowered its price target on Visa from $285.00 to $265.00 in a Monday, April 25 research note. Five investment analysts gave the stock a hold rating and twenty-one gave the stock a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $267.44.

Separately, CEO Alfred F. Kelly, Jr. sold 9,000 shares in a trade dated Friday, April 29. The stock was sold at an average price of $218.62, for a total transaction of $1,967,580.00. Following the completion of the sale, the CEO now directly owns 165,887 shares of the company, valued at approximately $36,266,215.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Additionally, Chairman Ryan Mcinerney sold 6,466 shares in a trade dated Monday, March 28. The shares were sold at an average price of $220.00, for a total value of $1,422,520.00. The disclosure of this sale can be found here. Insiders sold a total of 39,933 shares of the company valued at $8,745,055 in the past 90 days. 0.21% of the shares are currently held by insiders of the company.

V opened at $205.51 on Friday. The stock has a 50-day moving average price of $204.67 and a 200-day moving average price of $212.20. Visa Inc. has a 12-month minimum of $185.91 and a 12-month maximum of $252.67. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt ratio of 0.53. The stock has a market capitalization of $390.73 billion, a P/E ratio of 32.31, a PEG ratio of 1.67 and a beta of 0.90.

Visa (NYSE:V – Get Rating) last released quarterly earnings data on Tuesday, April 26. The credit card processor reported earnings per share (EPS) of $1.79 for the quarter, beating analyst consensus estimates of $1.65 by $0.14. Visa had a return on equity of 42.89% and a net margin of 51.10%. The company posted revenue of $7.19 billion in the quarter, versus $6.82 billion expected by analysts. During the same period of the previous year, the company achieved EPS of $1.38. The company’s revenue for the quarter increased by 25.5% compared to the same quarter last year. On average, equity research analysts expect Visa Inc. to post EPS of 7.16 for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 1. Investors of record on Friday, May 13 received a dividend of $0.375 per share. This represents an annualized dividend of $1.50 and a yield of 0.73%. The ex-dividend date was Thursday, May 12. Visa’s dividend payout ratio is currently 23.58%.

About Visa (Get a rating)

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

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Want to see what other hedge funds hold V? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Visa Inc. (NYSE:V – Get Rating).

Institutional ownership by quarter for Visa (NYSE:V)



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