Pioneer Trust Bank N A OR lifted its holdings in shares of Visa Inc (NYSE:V) by 0.5% during the 2nd quarter, Holdings Channel reports. The firm owned 35,708 shares of the credit-card processor’s stock after purchasing an additional 165 shares during the quarter. Visa comprises 2.6% of Pioneer Trust Bank N A OR’s holdings, making the stock its 15th largest position. Pioneer Trust Bank N A OR’s holdings in Visa were worth $6,197,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Lowe Wealth Advisors LLC boosted its holdings in Visa by 114.7% in the second quarter. Lowe Wealth Advisors LLC now owns 161 shares of the credit-card processor’s stock worth $28,000 after acquiring an additional 86 shares in the last quarter. Essex Investment Management Co. LLC bought a new position in Visa in the fourth quarter worth approximately $33,000. Hexavest Inc. bought a new position in Visa in the second quarter worth approximately $40,000. Mackey Komara & Dankovich LLC boosted its holdings in Visa by 406.6% in the second quarter. Mackey Komara & Dankovich LLC now owns 1,611 shares of the credit-card processor’s stock worth $56,000 after acquiring an additional 1,293 shares in the last quarter. Finally, Financial Gravity Companies Inc. bought a new position in Visa in the fourth quarter worth approximately $57,000. Institutional investors own 81.16% of the company’s stock.
Shares of Visa stock traded down $1.75 on Friday, hitting $177.42. The company had a trading volume of 8,263,354 shares, compared to its average volume of 5,565,434. The firm has a market capitalization of $355.30 billion, a PE ratio of 38.49, a price-to-earnings-growth ratio of 1.99 and a beta of 0.96. Visa Inc has a 1 year low of $121.60 and a 1 year high of $184.07. The stock’s 50 day simple moving average is $176.79. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.69 and a quick ratio of 1.62.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Thursday, August 15th. Visa’s payout ratio is 21.69%.
Several brokerages have issued reports on V. UBS Group increased their price target on Visa from $183.00 to $187.00 and gave the stock a “neutral” rating in a report on Thursday. Wedbush reiterated an “outperform” rating on shares of Visa in a report on Wednesday, July 3rd. Guggenheim increased their price target on Visa from $178.00 to $190.00 and gave the stock a “positive” rating in a report on Wednesday, July 24th. Bank of America increased their price target on Visa from $177.00 to $192.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Finally, Zacks Investment Research lowered Visa from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a report on Saturday, June 15th. Two investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $195.46.
In related news, Director Lloyd Carney sold 3,500 shares of the 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 completion of the sale, the director now directly owns 3,452 shares of the company’s stock, valued at $630,783.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.17% of the company’s stock.
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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