Visa Inc (NYSE:V) Shares Sold by Compton Capital Management Inc. RI

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Compton Capital Management Inc. RI lowered its position in shares of Visa Inc (NYSE:V) by 1.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,406 shares of the credit-card processor’s stock after selling 225 shares during the period. Compton Capital Management Inc. RI’s holdings in Visa were worth $2,327,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. increased its position in Visa by 2.3% in the 2nd quarter. BlackRock Inc. now owns 123,791,138 shares of the credit-card processor’s stock valued at $21,483,952,000 after acquiring an additional 2,773,330 shares during the period. FMR LLC increased its position in Visa by 1.9% in the 1st quarter. FMR LLC now owns 92,255,849 shares of the credit-card processor’s stock valued at $14,409,440,000 after acquiring an additional 1,731,813 shares during the period. Lunia Capital LP increased its position in Visa by 13,370.7% in the 4th quarter. Lunia Capital LP now owns 23,454,446 shares of the credit-card processor’s stock valued at $23,454,000 after acquiring an additional 23,280,332 shares during the period. Northern Trust Corp increased its position in Visa by 6.5% in the 2nd quarter. Northern Trust Corp now owns 20,991,024 shares of the credit-card processor’s stock valued at $3,642,991,000 after acquiring an additional 1,276,243 shares during the period. Finally, Fisher Asset Management LLC increased its position in Visa by 3.2% in the 2nd quarter. Fisher Asset Management LLC now owns 19,780,743 shares of the credit-card processor’s stock valued at $3,432,948,000 after acquiring an additional 622,075 shares during the period. Institutional investors and hedge funds own 81.20% of the company’s stock.

Several equities analysts recently issued reports on the company. Nomura boosted their price target on Visa from $178.00 to $204.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. UBS Group boosted their price target on Visa from $183.00 to $187.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Guggenheim boosted their price target on Visa from $178.00 to $190.00 and gave the company a “positive” rating in a research report on Wednesday, July 24th. Zacks Investment Research lowered Visa from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a report on Saturday, June 15th. Finally, Wedbush reaffirmed an “outperform” rating on shares of Visa in a report on Wednesday, July 3rd. Three analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $196.57.

V traded down $0.71 during trading on Friday, reaching $177.27. The company’s stock had a trading volume of 5,704,819 shares, compared to its average volume of 6,064,036. Visa Inc has a 52-week low of $121.60 and a 52-week high of $187.05. The company’s fifty day moving average price is $179.15 and its 200-day moving average price is $167.24. The company has a market capitalization of $347.15 billion, a price-to-earnings ratio of 38.45, a price-to-earnings-growth ratio of 1.97 and a beta of 0.97. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.69 and a current ratio of 1.69.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.04. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. Visa had a return on equity of 41.04% and a net margin of 53.43%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.20 EPS. Equities analysts predict that Visa Inc will post 5.4 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Thursday, August 15th. Visa’s dividend payout ratio (DPR) is 21.69%.

In other news, Director Lloyd Carney sold 3,500 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $630,783.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Denise M. Morrison purchased 1,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $551,551.99. The disclosure for this purchase can be found here. 0.17% of the stock is owned by insiders.

Visa Company Profile

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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