Bristlecone Advisors LLC lessened its stake in Visa Inc. (NYSE:V) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,373 shares of the credit-card processor’s stock after selling 702 shares during the quarter. Visa makes up approximately 1.2% of Bristlecone Advisors LLC’s holdings, making the stock its 18th biggest holding. Bristlecone Advisors LLC’s holdings in Visa were worth $3,599,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of V. Farmers & Merchants Investments Inc. raised its stake in shares of Visa by 6.7% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 86,448 shares of the credit-card processor’s stock valued at $7,683,000 after purchasing an additional 5,400 shares in the last quarter. Vicus Capital raised its stake in shares of Visa by 17.4% in the 1st quarter. Vicus Capital now owns 4,719 shares of the credit-card processor’s stock valued at $419,000 after purchasing an additional 701 shares in the last quarter. Private Wealth Partners LLC raised its stake in shares of Visa by 0.7% in the 1st quarter. Private Wealth Partners LLC now owns 177,752 shares of the credit-card processor’s stock valued at $15,797,000 after purchasing an additional 1,157 shares in the last quarter. Coastline Trust Co raised its stake in shares of Visa by 22.0% in the 1st quarter. Coastline Trust Co now owns 11,745 shares of the credit-card processor’s stock valued at $1,044,000 after purchasing an additional 2,120 shares in the last quarter. Finally, Benin Management CORP raised its stake in shares of Visa by 47.5% in the 1st quarter. Benin Management CORP now owns 112,081 shares of the credit-card processor’s stock valued at $9,961,000 after purchasing an additional 36,109 shares in the last quarter. Institutional investors and hedge funds own 81.68% of the company’s stock.

In related news, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Tullier Kelly Mahon sold 29,772 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the transaction, the executive vice president now owns 17,360 shares of the company’s stock, valued at approximately $1,751,797.60. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

A number of equities research analysts recently weighed in on V shares. Vetr raised shares of Visa from a “sell” rating to a “hold” rating and set a $105.08 price objective for the company in a research report on Wednesday, September 13th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Visa in a research report on Tuesday, September 12th. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a research report on Tuesday. Robert W. Baird reaffirmed a “buy” rating on shares of Visa in a research report on Thursday, August 24th. Finally, UBS AG reaffirmed an “overweight” rating on shares of Visa in a research report on Thursday, August 24th. Four equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $105.52.

Shares of Visa Inc. (V) opened at 104.97 on Thursday. Visa Inc. has a 12 month low of $75.17 and a 12 month high of $106.84. The company has a 50 day moving average of $103.15 and a 200 day moving average of $95.55. The stock has a market cap of $240.01 billion, a P/E ratio of 39.04 and a beta of 0.94.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Visa had a net margin of 36.53% and a return on equity of 30.95%. Visa’s revenue was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 EPS. Equities research analysts expect that Visa Inc. will post $3.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Friday, August 18th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Wednesday, August 16th. Visa’s dividend payout ratio is currently 24.54%.

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Visa Company Profile

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

Institutional Ownership by Quarter for Visa (NYSE:V)

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