DORCHESTER WEALTH MANAGEMENT Co lessened its holdings in Visa Inc (NYSE:V) by 2.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,059 shares of the credit-card processor’s stock after selling 214 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Visa were worth $1,326,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Johanson Financial Advisors Inc. boosted its stake in Visa by 18,464.0% in the fourth quarter. Johanson Financial Advisors Inc. now owns 5,185,286 shares of the credit-card processor’s stock valued at $27,592,000 after acquiring an additional 5,157,354 shares during the last quarter. BlackRock Inc. grew its holdings in Visa by 2.3% during the second quarter. BlackRock Inc. now owns 123,791,138 shares of the credit-card processor’s stock valued at $21,483,952,000 after purchasing an additional 2,773,330 shares during the period. Stonehage Fleming Financial Services Holdings Ltd bought a new position in Visa during the second quarter valued at $178,205,000. California Public Employees Retirement System increased its position in Visa by 14.2% in the third quarter. California Public Employees Retirement System now owns 6,306,099 shares of the credit-card processor’s stock worth $1,084,712,000 after buying an additional 783,989 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Visa by 243.2% during the 3rd quarter. SG Americas Securities LLC now owns 997,375 shares of the credit-card processor’s stock valued at $171,558,000 after buying an additional 706,744 shares during the last quarter. Hedge funds and other institutional investors own 81.32% of the company’s stock.
Several research firms have recently weighed in on V. Guggenheim set a $194.00 target price on shares of Visa and gave the stock a “buy” rating in a research note on Friday, October 25th. William Blair restated an “outperform” rating on shares of Visa in a research report on Tuesday, January 14th. Raymond James boosted their price objective on Visa from $193.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Oppenheimer lifted their target price on Visa from $202.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Finally, Macquarie began coverage on shares of Visa in a report on Tuesday. They issued an “outperform” rating and a $250.00 price target on the stock. Three research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $206.72.
In other news, EVP William M. Sheedy sold 3,110 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $182.52, for a total transaction of $567,637.20. Following the transaction, the executive vice president now directly owns 227,740 shares in the company, valued at approximately $41,567,104.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William M. Sheedy sold 21,164 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $178.71, for a total value of $3,782,218.44. Following the transaction, the executive vice president now directly owns 227,126 shares in the company, valued at $40,589,687.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,480 shares of company stock worth $10,606,182. Corporate insiders own 0.19% of the company’s stock.
V stock opened at $207.29 on Wednesday. The company’s 50 day moving average is $189.78 and its 200 day moving average is $181.20. The stock has a market cap of $403.12 billion, a price-to-earnings ratio of 38.96, a price-to-earnings-growth ratio of 2.13 and a beta of 0.93. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.57. Visa Inc has a 1-year low of $133.30 and a 1-year high of $208.39.
Visa (NYSE:V) last announced its earnings results on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.04. The business had revenue of $6.14 billion during the quarter, compared to analyst estimates of $6.08 billion. Visa had a net margin of 52.57% and a return on equity of 42.57%. Visa’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.21 earnings per share. As a group, sell-side analysts forecast that Visa Inc will post 6.19 EPS for the current fiscal year.
Visa Company 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.
Recommended Story: Percentage Gainers
Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.