Waldron Private Wealth LLC Decreases Position in Visa Inc (NYSE:V)

Waldron Private Wealth LLC cut its stake in Visa Inc (NYSE:V) by 6.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 12,156 shares of the credit-card processor’s stock after selling 838 shares during the quarter. Waldron Private Wealth LLC’s holdings in Visa were worth $2,109,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Enterprise Financial Services Corp boosted its position in Visa by 0.8% in the 2nd quarter. Enterprise Financial Services Corp now owns 7,649 shares of the credit-card processor’s stock valued at $1,328,000 after buying an additional 59 shares during the period. Radnor Capital Management LLC boosted its position in Visa by 0.8% in the 2nd quarter. Radnor Capital Management LLC now owns 8,060 shares of the credit-card processor’s stock valued at $1,399,000 after buying an additional 60 shares during the period. Convergence Investment Partners LLC boosted its position in Visa by 1.7% in the 2nd quarter. Convergence Investment Partners LLC now owns 3,908 shares of the credit-card processor’s stock valued at $678,000 after buying an additional 66 shares during the period. Hanson & Doremus Investment Management boosted its position in Visa by 7.8% in the 2nd quarter. Hanson & Doremus Investment Management now owns 925 shares of the credit-card processor’s stock valued at $161,000 after buying an additional 67 shares during the period. Finally, Parisi Gray Wealth Management boosted its position in Visa by 1.9% in the 2nd quarter. Parisi Gray Wealth Management now owns 3,859 shares of the credit-card processor’s stock valued at $670,000 after buying an additional 71 shares during the period. 81.63% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Visa stock traded up $2.11 during trading on Friday, hitting $178.38. 58,298 shares of the stock were exchanged, compared to its average volume of 7,123,580. The stock has a market cap of $354.35 billion, a price-to-earnings ratio of 38.77, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. The firm’s 50-day moving average price is $178.08 and its 200 day moving average price is $162.42. Visa Inc has a 12-month low of $121.60 and a 12-month high of $184.07. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.69 and a quick ratio of 1.69.



Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.04. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Visa had a net margin of 53.43% and a return on equity of 41.04%. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.20 EPS. As a group, research analysts forecast that Visa Inc will post 5.4 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.00 annualized dividend and a yield of 0.56%. Visa’s dividend payout ratio is currently 21.69%.

Several equities analysts have commented on V shares. Bank of America raised their price target on shares of Visa from $177.00 to $192.00 and gave the company a “buy” rating in a research report on Monday, June 17th. KeyCorp raised their price target on shares of Visa from $190.00 to $195.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Credit Suisse Group raised their price target on shares of Visa from $200.00 to $203.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Barclays raised their price target on shares of Visa from $181.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, Citigroup set a $206.00 price target on shares of Visa and gave the company a “buy” rating in a research report on Friday, July 19th. Two analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Visa presently has a consensus rating of “Buy” and an average target price of $195.46.

In related news, Director Denise M. Morrison purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were purchased at an average cost of $171.13 per share, for a total transaction of $171,130.00. Following the purchase, the director now directly owns 3,223 shares of the company’s stock, valued at $551,551.99. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lloyd Carney sold 3,500 shares of Visa stock in a transaction on Friday, July 26th. The stock was sold at an average price of $182.73, for a total transaction of $639,555.00. Following the sale, the director now owns 3,452 shares in the company, valued at $630,783.96. The disclosure for this sale can be found here. 0.17% of the stock is owned by company insiders.

About Visa

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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