Visa Inc (NYSE:V) is Teachers Retirement System of The State of Kentucky’s 7th Largest Position

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Teachers Retirement System of The State of Kentucky decreased its holdings in Visa Inc (NYSE:V) by 6.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 445,397 shares of the credit-card processor’s stock after selling 29,398 shares during the period. Visa makes up 1.0% of Teachers Retirement System of The State of Kentucky’s portfolio, making the stock its 7th largest holding. Teachers Retirement System of The State of Kentucky’s holdings in Visa were worth $86,038,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. BlackRock Inc. raised its position in Visa by 2.3% in the 2nd quarter. BlackRock Inc. now owns 126,278,384 shares of the credit-card processor’s stock worth $24,393,195,000 after buying an additional 2,819,598 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Visa by 4.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 27,495,717 shares of the credit-card processor’s stock valued at $4,430,109,000 after purchasing an additional 1,121,525 shares during the period. Capital International Investors grew its stake in shares of Visa by 6.1% during the 1st quarter. Capital International Investors now owns 21,881,462 shares of the credit-card processor’s stock valued at $3,525,557,000 after purchasing an additional 1,250,002 shares during the period. Fisher Asset Management LLC grew its stake in shares of Visa by 3.2% during the 2nd quarter. Fisher Asset Management LLC now owns 20,979,235 shares of the credit-card processor’s stock valued at $4,052,559,000 after purchasing an additional 660,147 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Visa by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 16,917,898 shares of the credit-card processor’s stock valued at $3,268,029,000 after purchasing an additional 260,069 shares during the period. 80.74% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $195.00, for a total transaction of $1,365,000.00. Following the sale, the chief executive officer now directly owns 130,090 shares of the company’s stock, valued at approximately $25,367,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lloyd Carney sold 1,550 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $192.64, for a total value of $298,592.00. Following the sale, the director now directly owns 2,962 shares in the company, valued at $570,599.68. The disclosure for this sale can be found here. Insiders have sold a total of 118,122 shares of company stock worth $24,683,231 over the last ninety days. Insiders own 0.19% of the company’s stock.

V has been the subject of a number of recent research reports. Daiwa Capital Markets restated a “neutral” rating and set a $204.00 price target on shares of Visa in a research note on Tuesday, July 21st. Mizuho initiated coverage on Visa in a research note on Wednesday, August 26th. They set a “buy” rating and a $250.00 price target for the company. JPMorgan Chase & Co. boosted their price target on Visa from $186.00 to $229.00 and gave the company an “overweight” rating in a research note on Monday, August 17th. Wedbush boosted their price target on Visa from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Finally, Wells Fargo & Company boosted their price objective on Visa from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Six analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $213.34.

NYSE V traded up $0.41 during trading hours on Tuesday, reaching $205.39. The company’s stock had a trading volume of 6,327,102 shares, compared to its average volume of 10,522,517. The firm’s 50-day moving average price is $201.49 and its 200-day moving average price is $186.63. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.59. Visa Inc has a 1 year low of $133.93 and a 1 year high of $217.35. The company has a market capitalization of $398.95 billion, a price-to-earnings ratio of 39.12, a PEG ratio of 3.05 and a beta of 0.90.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.05. Visa had a return on equity of 40.65% and a net margin of 51.37%. The company had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.85 billion. During the same period in the previous year, the firm earned $1.37 EPS. The firm’s revenue was down 18.6% compared to the same quarter last year. Equities research analysts anticipate that Visa Inc will post 5.01 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $1.20 annualized dividend and a dividend yield of 0.58%. Visa’s dividend payout ratio (DPR) is 22.06%.

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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