V Stock: Visa Inc is Whalerock Point Partners LLC’s 5th Largest Position

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Whalerock Point Partners LLC reduced its position in shares of Visa Inc. (NYSE:V) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,725 shares of the credit-card processor’s stock after selling 1,998 shares during the period. Visa comprises about 2.0% of Whalerock Point Partners LLC’s investment portfolio, making the stock its 5th largest holding. Whalerock Point Partners LLC’s holdings in Visa were worth $5,413,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Motco raised its stake in Visa by 25.1% in the second quarter. Motco now owns 1,176 shares of the credit-card processor’s stock valued at $110,000 after buying an additional 236 shares during the period. BDO Wealth Advisors LLC bought a new stake in Visa in the second quarter valued at approximately $115,000. Mascoma Wealth Management LLC bought a new stake in Visa in the second quarter valued at approximately $122,000. SpiderRock Advisors LLC raised its stake in Visa by 107.1% in the second quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock valued at $124,000 after buying an additional 19,709 shares during the period. Finally, Advantage Investment Management LLC raised its stake in Visa by 27.4% in the first quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock valued at $130,000 after buying an additional 314 shares during the period. 81.73% of the stock is owned by institutional investors.

V has been the topic of a number of recent research reports. Mizuho reiterated a “buy” rating and set a $115.00 target price on shares of Visa in a research note on Thursday, October 12th. Zacks Investment Research upgraded Visa from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research note on Tuesday, September 19th. BidaskClub upgraded Visa from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th. BMO Capital Markets increased their target price on Visa from $116.00 to $134.00 and gave the stock an “outperform” rating in a research note on Thursday, October 26th. Finally, UBS reiterated an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. Three analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $116.08.

Visa Inc. (NYSE V) traded up $0.70 during midday trading on Tuesday, hitting $113.08. The company had a trading volume of 1,497,900 shares, compared to its average volume of 7,496,061. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.90 and a current ratio of 1.90. Visa Inc. has a 12 month low of $75.17 and a 12 month high of $112.90. The firm has a market cap of $231,961.66, a P/E ratio of 32.17, a price-to-earnings-growth ratio of 1.64 and a beta of 0.97.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.195 per share. The ex-dividend date is Thursday, November 16th. This is an increase from Visa’s previous quarterly dividend of $0.17. This represents a $0.78 annualized dividend and a yield of 0.69%. Visa’s payout ratio is presently 27.86%.

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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