Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Visa Inc (NYSE:V) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 25,973 shares of the credit-card processor’s stock, valued at approximately $2,469,000.

A number of other hedge funds also recently made changes to their positions in V. Mercer Capital Advisers Inc. grew its holdings in Visa by 2.2% during the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock valued at $104,000 after purchasing an additional 25 shares during the last quarter. Mascoma Wealth Management LLC acquired a new position in Visa during the second quarter valued at approximately $122,000. SpiderRock Advisors LLC grew its holdings in Visa by 107.1% during the second quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock valued at $124,000 after purchasing an additional 19,709 shares during the last quarter. Advantage Investment Management LLC grew its holdings in Visa by 27.4% during the first quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock valued at $130,000 after purchasing an additional 314 shares during the last quarter. Finally, Delta Asset Management LLC TN grew its holdings in Visa by 2.5% during the first quarter. Delta Asset Management LLC TN now owns 1,541 shares of the credit-card processor’s stock valued at $137,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 81.68% of the company’s stock.

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

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V has been the topic of several research analyst reports. Vetr upgraded shares of Visa from a “sell” rating to a “hold” rating and set a $105.08 price objective on the stock in a research note on Wednesday, September 13th. BMO Capital Markets restated an “outperform” rating on shares of Visa in a research note on Tuesday, September 12th. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a research note on Tuesday. Robert W. Baird restated a “buy” rating on shares of Visa in a research note on Thursday, August 24th. Finally, UBS AG restated an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. Four investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $105.52.

Visa Inc (NYSE:V) opened at 105.31 on Friday. The company has a 50 day moving average price of $103.15 and a 200-day moving average price of $95.55. Visa Inc has a 12-month low of $75.17 and a 12-month high of $106.84. The company has a market capitalization of $240.78 billion, a PE ratio of 39.16 and a beta of 0.94.

Visa (NYSE:V) last posted its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. The firm had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.36 billion. Visa had a return on equity of 30.90% and a net margin of 45.10%. The business’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period last year, the company earned $0.69 earnings per share. On average, analysts anticipate that Visa Inc will post $3.43 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th were given a $0.165 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $0.66 annualized dividend and a yield of 0.63%. Visa’s dividend payout ratio is presently 24.54%.

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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