Mark Sheptoff Financial Planning LLC increased its stake in shares of Visa Inc. (NYSE:V) by 57.5% during the second quarter, Holdings Channel reports. The fund owned 5,750 shares of the credit-card processor’s stock after buying an additional 2,100 shares during the period. Mark Sheptoff Financial Planning LLC’s holdings in Visa were worth $426,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. boosted its position in shares of Visa by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 52,630,415 shares of the credit-card processor’s stock worth $4,025,174,000 after buying an additional 428,238 shares in the last quarter. BlackRock Group LTD boosted its position in shares of Visa by 1.6% in the first quarter. BlackRock Group LTD now owns 17,981,225 shares of the credit-card processor’s stock worth $1,375,205,000 after buying an additional 284,002 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Visa by 0.6% in the first quarter. TIAA CREF Investment Management LLC now owns 17,230,048 shares of the credit-card processor’s stock worth $1,317,754,000 after buying an additional 96,266 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Visa by 4.5% in the first quarter. Geode Capital Management LLC now owns 16,430,661 shares of the credit-card processor’s stock worth $1,254,198,000 after buying an additional 702,309 shares in the last quarter. Finally, Loomis Sayles & Co. L P boosted its position in shares of Visa by 6.9% in the first quarter. Loomis Sayles & Co. L P now owns 12,349,933 shares of the credit-card processor’s stock worth $944,523,000 after buying an additional 793,813 shares in the last quarter. Hedge funds and other institutional investors own 80.08% of the company’s stock.

Visa Inc. (NYSE:V) traded down 0.16% during trading on Wednesday, hitting $82.35. 2,564,346 shares of the company traded hands. The stock has a 50-day moving average price of $80.99 and a 200-day moving average price of $78.18. Visa Inc. has a 12-month low of $66.12 and a 12-month high of $83.63. The firm has a market capitalization of $194.34 billion, a P/E ratio of 35.00 and a beta of 0.91.

Visa (NYSE:V) last announced its earnings results on Thursday, July 21st. The credit-card processor reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.03. Visa had a return on equity of 22.36% and a net margin of 38.72%. The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Equities analysts expect that Visa Inc. will post $2.79 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Friday, August 19th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.68%. The ex-dividend date was Wednesday, August 17th. Visa’s payout ratio is presently 24.35%.

A number of equities analysts have recently issued reports on V shares. Sanford C. Bernstein restated a “buy” rating on shares of Visa in a research note on Wednesday, June 15th. Argus restated a “buy” rating and issued a $90.00 price objective (up previously from $85.00) on shares of Visa in a research note on Monday, July 25th. Deutsche Bank AG restated a “buy” rating and issued a $87.00 price objective on shares of Visa in a research note on Tuesday, September 6th. Vetr cut shares of Visa from a “buy” rating to a “hold” rating and set a $83.12 price objective for the company. in a research note on Monday, August 15th. Finally, Piper Jaffray Cos. restated an “overweight” rating and issued a $94.00 price objective on shares of Visa in a research note on Friday, August 5th. Four analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. Visa presently has an average rating of “Buy” and a consensus price target of $88.54.

Visa Company Profile

Visa Inc is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments.

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