Bath Savings Trust Co boosted its position in Visa Inc (NYSE:V) by 7.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,259 shares of the credit-card processor’s stock after buying an additional 456 shares during the period. Bath Savings Trust Co’s holdings in Visa were worth $939,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Fort L.P. purchased a new position in shares of Visa in the 2nd quarter worth approximately $120,000. Cascade Investment Advisors Inc. purchased a new position in shares of Visa in the 2nd quarter worth approximately $132,000. Bridgeworth LLC purchased a new position in shares of Visa in the 2nd quarter worth approximately $143,000. Ruggie Capital Group purchased a new position in shares of Visa in the 2nd quarter worth approximately $164,000. Finally, Signature Estate & Investment Advisors LLC boosted its stake in shares of Visa by 36.8% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 1,357 shares of the credit-card processor’s stock worth $180,000 after buying an additional 365 shares during the last quarter. 80.15% of the stock is owned by institutional investors and hedge funds.

NYSE:V opened at $134.42 on Thursday. The company has a current ratio of 1.61, a quick ratio of 1.69 and a debt-to-equity ratio of 0.58. Visa Inc has a 12 month low of $106.60 and a 12 month high of $151.56. The company has a market capitalization of $274.14 billion, a P/E ratio of 29.16, a P/E/G ratio of 1.47 and a beta of 1.11.

Visa (NYSE:V) last issued its earnings results on Wednesday, October 24th. The credit-card processor reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. Visa had a net margin of 49.98% and a return on equity of 38.00%. The business had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.44 billion. As a group, sell-side analysts expect that Visa Inc will post 5.32 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Friday, November 16th will be issued a dividend of $0.25 per share. This is a boost from Visa’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.74%. Visa’s payout ratio is presently 21.69%.

In other Visa news, EVP William M. Sheedy sold 99,636 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $139.28, for a total transaction of $13,877,302.08. Following the sale, the executive vice president now owns 296,925 shares of the company’s stock, valued at approximately $41,355,714. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William M. Sheedy sold 3,643 shares of the business’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $133.07, for a total transaction of $484,774.01. Following the sale, the executive vice president now directly owns 241,983 shares in the company, valued at approximately $32,200,677.81. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Loop Capital boosted their target price on Visa to $157.00 and gave the stock a “buy” rating in a research note on Thursday, July 26th. They noted that the move was a valuation call. Cantor Fitzgerald boosted their target price on Visa to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, July 26th. KeyCorp boosted their target price on Visa from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, July 26th. Barclays assumed coverage on Visa in a research note on Wednesday, November 14th. They issued an “overweight” rating and a $170.00 target price on the stock. Finally, Zacks Investment Research upgraded Visa from a “hold” rating to a “buy” rating and set a $153.00 target price on the stock in a research note on Tuesday, July 31st. Two analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $156.09.

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Visa Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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