Visa Inc. (NYSE:V) Stock Holdings Trimmed by DE Burlo Group Inc.

DE Burlo Group Inc. lowered its position in shares of Visa Inc. (NYSE:V) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 115,200 shares of the credit-card processor’s stock after selling 1,300 shares during the quarter. Visa comprises approximately 4.1% of DE Burlo Group Inc.’s portfolio, making the stock its 9th biggest position. DE Burlo Group Inc.’s holdings in Visa were worth $30,237,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in V. Dimension Capital Management LLC increased its position in Visa by 18.8% during the 2nd quarter. Dimension Capital Management LLC now owns 3,709 shares of the credit-card processor’s stock valued at $974,000 after buying an additional 587 shares in the last quarter. Delta Investment Management LLC grew its stake in shares of Visa by 8.9% in the second quarter. Delta Investment Management LLC now owns 7,908 shares of the credit-card processor’s stock worth $2,076,000 after acquiring an additional 648 shares during the last quarter. Drucker Wealth 3.0 LLC bought a new position in shares of Visa during the second quarter valued at $2,525,000. Dundas Partners LLP raised its position in shares of Visa by 3.4% in the 2nd quarter. Dundas Partners LLP now owns 147,604 shares of the credit-card processor’s stock worth $38,741,000 after purchasing an additional 4,899 shares during the last quarter. Finally, Employees Retirement System of Texas boosted its stake in Visa by 128.7% in the 2nd quarter. Employees Retirement System of Texas now owns 44,673 shares of the credit-card processor’s stock worth $11,725,000 after purchasing an additional 25,140 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Trading Down 1.1 %

V opened at $269.84 on Thursday. Visa Inc. has a 52 week low of $227.78 and a 52 week high of $293.07. The company has a market capitalization of $491.73 billion, a P/E ratio of 30.15, a PEG ratio of 2.04 and a beta of 0.96. The stock’s fifty day moving average is $271.12 and its two-hundred day moving average is $273.42. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.42. The firm had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm earned $2.16 earnings per share. Analysts forecast that Visa Inc. will post 9.92 earnings per share for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Friday, August 9th. Visa’s payout ratio is currently 23.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on V shares. Royal Bank of Canada decreased their price objective on shares of Visa from $315.00 to $311.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Compass Point started coverage on Visa in a research report on Wednesday, September 4th. They set a “buy” rating and a $319.00 price objective on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $317.00 price objective on shares of Visa in a report on Thursday, September 12th. Finally, Jefferies Financial Group dropped their price target on shares of Visa from $325.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average price target of $310.22.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at $148,687.06. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.19% of the stock is currently owned by company insiders.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.