Visa Inc. $V Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC lowered its holdings in shares of Visa Inc. (NYSE:V) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,602 shares of the credit-card processor’s stock after selling 2,787 shares during the period. Copeland Capital Management LLC’s holdings in Visa were worth $22,306,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of V. Define Financial LLC raised its holdings in shares of Visa by 4.0% in the third quarter. Define Financial LLC now owns 779 shares of the credit-card processor’s stock valued at $266,000 after buying an additional 30 shares during the last quarter. Patron Partners LLC grew its holdings in shares of Visa by 0.6% during the third quarter. Patron Partners LLC now owns 4,648 shares of the credit-card processor’s stock worth $1,587,000 after buying an additional 30 shares during the last quarter. MTM Investment Management LLC increased its position in Visa by 0.9% in the 3rd quarter. MTM Investment Management LLC now owns 3,344 shares of the credit-card processor’s stock valued at $1,142,000 after acquiring an additional 30 shares during the period. High Note Wealth LLC increased its position in Visa by 6.8% in the 3rd quarter. High Note Wealth LLC now owns 474 shares of the credit-card processor’s stock valued at $162,000 after acquiring an additional 30 shares during the period. Finally, Beacon Capital Management LLC raised its stake in Visa by 2.0% during the 3rd quarter. Beacon Capital Management LLC now owns 1,541 shares of the credit-card processor’s stock valued at $526,000 after acquiring an additional 30 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Price Performance

Shares of V opened at $309.66 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. The stock’s 50 day moving average is $309.88 and its two-hundred day moving average is $327.83. Visa Inc. has a twelve month low of $293.89 and a twelve month high of $375.51. The firm has a market capitalization of $562.09 billion, a PE ratio of 29.05, a P/E/G ratio of 1.78 and a beta of 0.80.

Visa (NYSE:V) last issued its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.14 by $0.03. The business had revenue of $10.90 billion during the quarter, compared to the consensus estimate of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.The company’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.75 EPS. Research analysts anticipate that Visa Inc. will post 12.84 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th were given a $0.67 dividend. The ex-dividend date was Tuesday, February 10th. This represents a $2.68 annualized dividend and a yield of 0.9%. Visa’s dividend payout ratio is presently 25.14%.

Insider Buying and Selling

In other Visa news, Director Lloyd Carney sold 650 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total transaction of $201,253.00. Following the sale, the director directly owned 2,679 shares in the company, valued at approximately $829,471.98. The trade was a 19.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. UBS Group decreased their price objective on Visa from $425.00 to $390.00 and set a “buy” rating for the company in a research report on Tuesday, March 31st. Citigroup cut their price target on Visa from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Daiwa Securities Group raised Visa from a “neutral” rating to an “outperform” rating and set a $370.00 price target for the company in a report on Monday, February 2nd. Cantor Fitzgerald upgraded shares of Visa to a “strong-buy” rating in a research report on Tuesday, January 27th. Finally, Freedom Capital raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Seven research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Visa presently has a consensus rating of “Buy” and a consensus target price of $387.79.

Visa Company 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.