Pensionfund Sabic decreased its holdings in shares of Visa Inc. (NYSE:V – Get Rating) by 25.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,800 shares of the credit-card processor’s stock after selling 6,600 shares during the quarter. Visa comprises about 1.1% of Pensionfund Sabic’s investment portfolio, making the stock its 11th biggest position. Pensionfund Sabic’s holdings in Visa were worth $4,391,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of V. Norges Bank purchased a new position in shares of Visa in the 4th quarter worth $2,740,577,000. Lone Pine Capital LLC purchased a new position in shares of Visa in the 4th quarter worth $1,047,495,000. GQG Partners LLC raised its position in shares of Visa by 46.2% in the 4th quarter. GQG Partners LLC now owns 11,289,146 shares of the credit-card processor’s stock worth $2,446,122,000 after buying an additional 3,567,771 shares during the period. Bank of Montreal Can raised its position in shares of Visa by 51.2% in the 4th quarter. Bank of Montreal Can now owns 9,393,795 shares of the credit-card processor’s stock worth $2,090,120,000 after buying an additional 3,179,759 shares during the period. Finally, Brown Advisory Inc. raised its position in shares of Visa by 51.7% in the 4th quarter. Brown Advisory Inc. now owns 9,232,310 shares of the credit-card processor’s stock worth $2,000,734,000 after buying an additional 3,145,363 shares during the period. Institutional investors and hedge funds own 80.77% of the company’s stock.
Several brokerages recently weighed in on V. Evercore ISI increased their target price on Visa from $304.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 27th. The Goldman Sachs Group started coverage on Visa in a research report on Tuesday, May 17th. They issued a “buy” rating and a $282.00 price objective on the stock. Morgan Stanley raised their price objective on Visa from $279.00 to $284.00 in a research report on Wednesday, April 27th. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a research report on Thursday, April 28th. Finally, Barclays cut their price objective on Visa from $265.00 to $260.00 and set an “overweight” rating on the stock in a research report on Monday, April 4th. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $267.44.
NYSE:V opened at $193.82 on Thursday. The company has a market capitalization of $368.51 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 1.62 and a beta of 0.90. Visa Inc. has a one year low of $185.91 and a one year high of $252.67. The stock has a 50-day simple moving average of $205.14 and a 200 day simple moving average of $212.24. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29.
Visa (NYSE:V – Get Rating) last posted its quarterly earnings results on Tuesday, April 26th. The credit-card processor reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.14. The business had revenue of $7.19 billion during the quarter, compared to the consensus estimate of $6.82 billion. Visa had a return on equity of 42.89% and a net margin of 51.10%. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. During the same period last year, the firm earned $1.38 earnings per share. On average, equities research analysts forecast that Visa Inc. will post 7.16 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 1st. Investors of record on Friday, May 13th were paid a $0.375 dividend. The ex-dividend date was Thursday, May 12th. This represents a $1.50 dividend on an annualized basis and a yield of 0.77%. Visa’s dividend payout ratio (DPR) is 23.58%.
Visa Profile (Get Rating)
Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.
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