WealthTrust Fairport LLC held its position in Visa Inc. (NYSE:V) during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 17,984 shares of the credit-card processor’s stock at the close of the second quarter. WealthTrust Fairport LLC’s holdings in Visa were worth $1,687,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the business. Aspen Investment Management Inc increased its stake in shares of Visa by 0.4% in the 1st quarter. Aspen Investment Management Inc now owns 9,272 shares of the credit-card processor’s stock valued at $824,000 after acquiring an additional 40 shares during the last quarter. Dumont & Blake Investment Advisors LLC increased its stake in shares of Visa by 1.3% in the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 7,620 shares of the credit-card processor’s stock valued at $677,000 after acquiring an additional 95 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of Visa by 5.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 17,337 shares of the credit-card processor’s stock valued at $1,541,000 after acquiring an additional 874 shares during the last quarter. Crawford Investment Counsel Inc. increased its stake in shares of Visa by 6.7% in the 1st quarter. Crawford Investment Counsel Inc. now owns 126,007 shares of the credit-card processor’s stock valued at $11,198,000 after acquiring an additional 7,893 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of Visa by 23.2% in the 1st quarter. Swiss National Bank now owns 7,360,428 shares of the credit-card processor’s stock valued at $654,121,000 after acquiring an additional 1,388,200 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

In other Visa news, SVP James H. Hoffmeister sold 2,146 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $112.09, for a total transaction of $240,545.14. Following the completion of the transaction, the senior vice president now owns 687 shares of the company’s stock, valued at approximately $77,005.83. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Visa Inc. (V) traded down $3.50 during trading hours on Thursday, reaching $109.86. The company’s stock had a trading volume of 14,505,000 shares, compared to its average volume of 7,522,957. Visa Inc. has a 52-week low of $75.17 and a 52-week high of $113.62. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.61. The firm has a market cap of $234,841.23, a P/E ratio of 32.58, a P/E/G ratio of 1.66 and a beta of 0.97.

Visa (NYSE:V) last released its quarterly earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.05. Visa had a return on equity of 31.80% and a net margin of 36.49%. The firm had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter in the prior year, the firm posted $0.78 EPS. The business’s revenue was up 13.9% on a year-over-year basis. research analysts forecast that Visa Inc. will post 4.05 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th will be given a dividend of $0.195 per share. The ex-dividend date is Thursday, November 16th. This represents a $0.78 dividend on an annualized basis and a yield of 0.71%. This is an increase from Visa’s previous quarterly dividend of $0.17. Visa’s dividend payout ratio is 27.86%.

A number of brokerages have recently commented on V. Vetr raised Visa from a “hold” rating to a “buy” rating and set a $108.51 price target for the company in a research note on Tuesday, September 26th. BidaskClub raised Visa from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th. Loop Capital increased their target price on Visa from $111.00 to $123.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Robert W. Baird reissued a “buy” rating and set a $122.00 target price on shares of Visa in a research note on Tuesday, September 26th. Finally, Cowen reissued a “buy” rating and set a $107.00 target price on shares of Visa in a research note on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $116.08.

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Visa 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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