The Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Reduces Stake in Visa Inc. (V)

The Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Reduces Stake in Visa Inc. (V)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its position in Visa Inc. (NYSE:V) by 2.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 517,346 shares of the credit-card processor’s stock after selling 13,380 shares during the period. Visa accounts for approximately 1.0% of Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings, making the stock its 16th largest position. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Visa were worth $38,372,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Iowa State Bank purchased a new position in Visa during the second quarter worth about $111,000. West Oak Capital LLC boosted its position in Visa by 245.5% in the second quarter. West Oak Capital LLC now owns 1,534 shares of the credit-card processor’s stock worth $114,000 after buying an additional 1,090 shares during the period. WealthTrust Arizona LLC boosted its position in Visa by 0.9% in the second quarter. WealthTrust Arizona LLC now owns 2,393 shares of the credit-card processor’s stock worth $177,000 after buying an additional 21 shares during the period. Invictus RG boosted its position in Visa by 144.2% in the first quarter. Invictus RG now owns 2,454 shares of the credit-card processor’s stock worth $188,000 after buying an additional 1,449 shares during the period. Finally, Arcadia Investment Management Corp MI boosted its position in Visa by 67.3% in the second quarter. Arcadia Investment Management Corp MI now owns 2,700 shares of the credit-card processor’s stock worth $200,000 after buying an additional 1,086 shares during the period. Hedge funds and other institutional investors own 80.06% of the company’s stock.

Shares of Visa Inc. (NYSE:V) traded up 0.37% during midday trading on Friday, hitting $82.22. 10,919,564 shares of the stock were exchanged. The stock has a market capitalization of $192.63 billion, a price-to-earnings ratio of 32.15 and a beta of 0.95. The firm’s 50 day moving average is $82.41 and its 200-day moving average is $79.72. Visa Inc. has a 1-year low of $66.12 and a 1-year high of $83.79.

Visa (NYSE:V) last announced its quarterly earnings results on Monday, October 24th. The credit-card processor reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. The firm had revenue of $4.26 billion for the quarter. Visa had a net margin of 39.72% and a return on equity of 24.31%. The business’s revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 EPS. On average, analysts predict that Visa Inc. will post $3.29 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Friday, November 18th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Wednesday, November 16th. This is an increase from Visa’s previous quarterly dividend of $0.14. Visa’s dividend payout ratio (DPR) is presently 22.67%.

Several research firms recently weighed in on V. Barclays PLC restated an “overweight” rating and issued a $100.00 price objective (up previously from $90.00) on shares of Visa in a research report on Friday, October 21st. Argus restated a “buy” rating and issued a $90.00 price objective (up previously from $85.00) on shares of Visa in a research report on Monday, July 25th. Piper Jaffray Cos. restated an “overweight” rating and issued a $94.00 price objective on shares of Visa in a research report on Friday, August 5th. William Blair restated an “outperform” rating on shares of Visa in a research report on Tuesday, July 19th. Finally, Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Tuesday, July 19th. Six equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. Visa presently has an average rating of “Buy” and a consensus target price of $90.82.

About Visa

Visa Inc is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments.

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