Visa Inc. $V Holdings Cut by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC decreased its holdings in Visa Inc. (NYSE:V) by 2.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 357,878 shares of the credit-card processor’s stock after selling 10,589 shares during the quarter. Visa comprises approximately 1.7% of Douglas Lane & Associates LLC’s portfolio, making the stock its 9th biggest position. Douglas Lane & Associates LLC’s holdings in Visa were worth $122,173,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in V. Family Legacy Financial Solutions LLC purchased a new stake in Visa in the second quarter worth about $28,000. Harbor Asset Planning Inc. purchased a new position in shares of Visa during the 2nd quarter worth approximately $29,000. Sagard Holdings Management Inc. bought a new position in shares of Visa in the 2nd quarter worth approximately $31,000. Bare Financial Services Inc raised its position in shares of Visa by 287.0% in the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock worth $32,000 after acquiring an additional 66 shares in the last quarter. Finally, Cranbrook Wealth Management LLC lifted its stake in shares of Visa by 82.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock valued at $32,000 after purchasing an additional 41 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Price Performance

Shares of V opened at $352.11 on Tuesday. The firm has a fifty day simple moving average of $337.67 and a two-hundred day simple moving average of $344.37. The firm has a market cap of $641.45 billion, a PE ratio of 34.49, a P/E/G ratio of 2.05 and a beta of 0.82. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53. Visa Inc. has a 1-year low of $299.00 and a 1-year high of $375.51.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, topping the consensus estimate of $2.97 by $0.01. The firm had revenue of $10.72 billion during the quarter, compared to analyst estimates of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.Visa’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.71 EPS. On average, equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.8%. This is an increase from Visa’s previous quarterly dividend of $0.59. The ex-dividend date was Wednesday, November 12th. Visa’s dividend payout ratio (DPR) is 26.25%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on V. Wells Fargo & Company raised shares of Visa to a “strong-buy” rating in a research report on Wednesday, October 22nd. Hsbc Global Res raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Erste Group Bank cut shares of Visa from a “buy” rating to a “hold” rating in a report on Monday, September 22nd. UBS Group set a $425.00 target price on shares of Visa and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, HSBC upgraded shares of Visa from a “hold” rating to a “buy” rating and lifted their target price for the company from $335.00 to $389.00 in a report on Sunday, December 7th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $402.52.

Insiders Place Their Bets

In other news, Director Lloyd Carney sold 900 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total value of $302,832.00. Following the sale, the director owned 2,468 shares of the company’s stock, valued at approximately $830,432.64. This represents a 26.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $341.00, for a total transaction of $3,575,385.00. Following the completion of the sale, the chief executive officer directly owned 537 shares of the company’s stock, valued at approximately $183,117. The trade was a 95.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 24,042 shares of company stock valued at $8,175,152 in the last three months. Corporate insiders own 0.12% of the company’s stock.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.