Trade Report: Today, Visa Inc. (V) is Fisher Asset Management LLC’s 6th Largest Position

Today, Visa Inc. (V) is Fisher Asset Management LLC’s 6th Largest Position

Fisher Asset Management LLC lowered its position in Visa Inc. (NYSE:V) by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,764,995 shares of the credit-card processor’s stock after selling 58,965 shares during the period. Visa accounts for approximately 2.2% of Fisher Asset Management LLC’s portfolio, making the stock its 6th largest position. Fisher Asset Management LLC’s holdings in Visa were worth $1,221,065,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. WealthTrust Arizona LLC increased 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 last quarter. Weybosset Research & Management LLC increased its position in Visa by 0.8% in the second quarter. Weybosset Research & Management LLC now owns 3,130 shares of the credit-card processor’s stock worth $232,000 after buying an additional 25 shares during the last quarter. Rehmann Capital Advisory Group increased its position in Visa by 0.3% in the second quarter. Rehmann Capital Advisory Group now owns 12,869 shares of the credit-card processor’s stock worth $954,000 after buying an additional 35 shares during the last quarter. Cypress Wealth Advisors LLC increased its position in Visa by 1.6% in the second quarter. Cypress Wealth Advisors LLC now owns 2,964 shares of the credit-card processor’s stock worth $220,000 after buying an additional 46 shares during the last quarter. Finally, SSI Investment Management Inc. increased its position in Visa by 1.1% in the second quarter. SSI Investment Management Inc. now owns 4,150 shares of the credit-card processor’s stock worth $308,000 after buying an additional 47 shares during the last quarter. 79.52% of the stock is currently owned by institutional investors.

Shares of Visa Inc. (NYSE:V) opened at 79.08 on Tuesday. The firm has a 50 day moving average price of $81.48 and a 200-day moving average price of $80.04. Visa Inc. has a 52-week low of $66.12 and a 52-week high of $83.96. The company has a market cap of $185.05 billion, a price-to-earnings ratio of 31.24 and a beta of 1.00.

Visa (NYSE:V) last issued its quarterly earnings data on Monday, October 24th. The credit-card processor reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.05. Visa had a return on equity of 24.31% and a net margin of 39.72%. The company had revenue of $4.26 billion for the quarter. During the same quarter last year, the business posted $0.62 EPS. The company’s quarterly revenue was up 19.3% on a year-over-year basis. Equities research analysts anticipate that Visa Inc. will post $3.29 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Investors of record on Friday, November 18th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.83%. 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 26.72%.

A number of research analysts have weighed in on V shares. Citigroup Inc. restated a “buy” rating and issued a $92.00 price target on shares of Visa in a research note on Monday, October 24th. Goldman Sachs Group Inc. restated a “buy” rating and issued a $96.00 price target on shares of Visa in a research note on Monday, October 24th. Stifel Nicolaus decreased their price target on Visa from $94.00 to $93.00 and set a “buy” rating for the company in a research note on Tuesday, October 25th. Royal Bank Of Canada raised their price target on Visa from $87.00 to $89.00 and gave the company an “outperform” rating in a research note on Tuesday, October 25th. Finally, Guggenheim downgraded Visa from a “buy” rating to a “neutral” rating and raised their price target for the company from $90.00 to $97.00 in a research note on Tuesday, October 25th. Seven analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $90.84.

In other Visa news, President Ryan Mcinerney sold 18,500 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $82.92, for a total transaction of $1,534,020.00. Following the sale, the president now owns 12,548 shares in the company, valued at $1,040,480.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charles W. Scharf sold 772,912 shares of the firm’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $82.65, for a total value of $63,881,176.80. Following the sale, the insider now owns 852,880 shares in the company, valued at approximately $70,490,532. The disclosure for this sale can be found here. 0.17% of the stock is owned by corporate insiders.

About Visa

Visa Inc is a payments technology company. The Company and its subsidiaries, including Visa U.SA Inc (Visa U.SA), Visa International Service Association (Visa International), Visa Worldwide Pte. Limited, Visa Canada Corporation, Inovant LLC and CyberSource Corporation (CyberSource), operate a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions around the world.

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