Capital Investment Advisors LLC sells 222 shares to Visa Inc. (NYSE: V)


Capital Investment Advisors LLC reduced its position in the shares of Visa Inc. (NYSE: V – Get Rating) by 0.9% in the first quarter, according to HoldingsChannel.com. The company owned 23,899 shares of credit card processor shares after selling 222 shares in the quarter. Capital Investment Advisors LLC owned Visa at $ 5,300,000 at the end of the last quarter.

Several other institutional investors have also recently bought and sold stock shares. Flagship Harbor Advisors LLC raised its stake in Visa shares by 0.3% in the first quarter. Flagship Harbor Advisors LLC now owns 38,337 shares of credit card processor shares worth $ 8,502,000 after acquiring an additional 119 shares during the period. Webster Bank NA raised its stake in Visa shares by 1.9% in the first quarter. Webster Bank NA already owns 46,464 shares of credit card processor shares worth $ 10,305,000 after acquiring an additional 844 shares during the period. Manitou Investment Management Ltd. raised its stake in Visa shares by 91.0% in the first quarter. Manitou Investment Management Ltd. now owns 8,591 shares of credit card processor shares worth $ 1,905,000 after acquiring an additional 4,093 shares during the period. Carret Asset Management LLC raised its stake in Visa shares by 0.9% in the first quarter. Carret Asset Management LLC now owns 22,865 shares of credit card processor shares worth $ 5,071,000 after acquiring an additional 200 shares during the period. Finally, Blue Fin Capital Inc. raised its stake in Visa shares by 0.7% in the first quarter. Blue Fin Capital Inc. now owns 41,639 shares of credit card processor shares worth $ 9,234,000 after acquiring an additional 273 shares during the period. 80.77% of the shares are currently owned by institutional investors.

Shares of Visa opened at $ 205.51 on Friday. Shares have a 50-day simple moving average of $ 204.67 and a 200-day simple moving average of $ 212.18. Visa Inc. has a 12-month low of $ 185.91 and a 12-month high of $ 252.67. The company has a market capitalization of $ 390.73 billion, a P / E ratio of $ 32.31, a price-earnings-growth ratio of $ 1.65 and a beta ratio of 0.90. The company has a current ratio of 1.29, a fast ratio of 1.29 and a debt to equity ratio of 0.53.

Visa (NYSE: V – Get Rating) last announced its quarterly earnings results on Tuesday, April 26. The credit card processor reported $ 1.79 earnings per share (EPS) for the quarter, exceeding the consensus estimate of $ 1.65 by $ 0.14. Visa had a return on equity of 42.89% and a net profit of 51.10%. The business had revenue of $ 7.19 billion in the quarter, compared to the consensus estimate of $ 6.82 billion. In the same quarter of the previous year, the company reported $ 1.38 earnings per share. Visa’s revenue increased by 25.5% compared to the same quarter last year. On average, analysts predict that Visa Inc. will report 7.16 EPS for the current year.

The company also recently unveiled a three-month dividend that was paid on Wednesday (June 1st). The record shareholders on Friday, May 13, received a dividend of $ 0.375. The date of the former dividend was Thursday, May 12. This represents a dividend of $ 1.50 on an annual basis and a yield of 0.73%. Visa’s dividend payout ratio (DPR) is currently 23.58%.

Several stock analysts have released reports on the company. StockNews.com raised Visa’s rating from a “hold” to a “buy” rating in a research note on Thursday, April 28th. Cowen lowered his target for Visa prices from $ 276.00 to $ 254.00 and set a rating “superior” to the shares in a research note on Wednesday, April 27. Barclays lowered its Visa price target from $ 265.00 to $ 260.00 and rated its overweight stock in a research note on Monday (April 4th). Evercore ISI raised its target price for Visa from $ 304.00 to $ 310.00 and gave the company a rating of “superior” in a research note on Wednesday, April 27. Finally, Goldman Sachs Group took over Visa coverage in a research note on Tuesday, May 17th. They issued a “buy” rating and a target price of $ 282.00 per share. Five stock research analysts rated the shares with a hold rating, and twenty-one assigned a buy rating to the company. According to MarketBeat.com, Visa has an average “Moderate Buying” rating and a consensus target price of $ 267.44.

In other news on Visa, President Ryan Maxinerney sold 6,467 shares of the company’s stock in a deal on Friday, April 1st. The shares were sold at an average price of $ 223.65 for a total value of $ 1,446,344.55. The sale is disclosed in documentation to the Securities and Exchange Commission, which is available on the SEC website. Also, CEO Alfred F. Kelly Jr. sold 9,000 shares of the shares in a deal on Thursday, March 31st. The shares were sold at an average price of $ 223.91, for a total value of $ 2,015,190.00. The disclosure for this sale can be found here. Insiders have sold a total of 39,933 shares of the company’s stock worth $ 8,745,055 in the past 90 days. Corporate insiders own 0.21% of the company’s shares.

Visa profile (Get a rating)

Visa Inc operates as a payment technology company worldwide. The company facilitates digital payments between consumers, merchants, financial institutions, businesses, strategic partners and government organizations. It manages VisaNet, a transaction processing network that allows the authorization, clearing and settlement of payment transactions.

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Institutional ownership by quarter for Visa (NYSE: V)



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