Roof Eidam & Maycock ADV trimmed its position in Visa Inc (NYSE:V) by 0.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,190 shares of the credit-card processor’s stock after selling 65 shares during the period. Visa makes up approximately 0.7% of Roof Eidam & Maycock ADV’s investment portfolio, making the stock its 29th largest holding. Roof Eidam & Maycock ADV’s holdings in Visa were worth $1,768,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of V. Nikulski Financial Inc. raised its holdings in Visa by 8.9% during the second quarter. Nikulski Financial Inc. now owns 7,542 shares of the credit-card processor’s stock worth $1,351,000 after acquiring an additional 616 shares in the last quarter. Diamant Asset Management Inc. raised its holdings in Visa by 3.4% during the second quarter. Diamant Asset Management Inc. now owns 40,063 shares of the credit-card processor’s stock worth $6,953,000 after acquiring an additional 1,300 shares in the last quarter. Strategic Advisors LLC raised its holdings in Visa by 3.0% during the second quarter. Strategic Advisors LLC now owns 45,218 shares of the credit-card processor’s stock worth $7,847,000 after acquiring an additional 1,323 shares in the last quarter. Clean Yield Group raised its holdings in Visa by 753.8% during the second quarter. Clean Yield Group now owns 905 shares of the credit-card processor’s stock worth $157,000 after acquiring an additional 799 shares in the last quarter. Finally, Jordan Park Group LLC bought a new stake in Visa during the second quarter worth about $209,000. Institutional investors own 81.16% of the company’s stock.
In other news, Director Lloyd Carney sold 3,500 shares of the company’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 value of $639,555.00. Following the transaction, the director now owns 3,452 shares of the company’s stock, valued at $630,783.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is currently owned by corporate insiders.
Visa (NYSE:V) last posted its earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 EPS for the quarter, beating the consensus estimate of $1.33 by $0.04. Visa had a return on equity of 41.04% and a net margin of 53.43%. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the prior year, the business earned $1.20 earnings per share. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, analysts forecast that Visa Inc will post 5.4 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Thursday, August 15th. Visa’s payout ratio is 21.69%.
V has been the topic of several analyst reports. BMO Capital Markets upped their target price on Visa to $214.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. KeyCorp upped their target price on Visa from $190.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. UBS Group boosted their price target on Visa from $183.00 to $187.00 and gave the stock a “neutral” rating in a research report on Thursday. Citigroup set a $206.00 price target on Visa and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Robert W. Baird set a $196.00 price target on Visa and gave the stock a “buy” rating in a research report on Friday, July 19th. Two research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Visa has a consensus rating of “Buy” and an average price target of $195.46.
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.
Featured Article: Price to Earnings Ratio (PE)
Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.