Visa Inc (NYSE:V) Stock Position Raised by Radnor Capital Management LLC
Radnor Capital Management LLC lifted its position in Visa Inc (NYSE:V) by 0.8% in the 2nd quarter, Holdings Channel reports. The fund owned 8,060 shares of the credit-card processor’s stock after buying an additional 60 shares during the period. Radnor Capital Management LLC’s holdings in Visa were worth $1,399,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the stock. Lowe Wealth Advisors LLC increased its stake in Visa by 114.7% in the 2nd quarter. Lowe Wealth Advisors LLC now owns 161 shares of the credit-card processor’s stock valued at $28,000 after buying an additional 86 shares during the period. Essex Investment Management Co. LLC acquired a new position in Visa in the 4th quarter valued at approximately $33,000. Hexavest Inc. acquired a new position in Visa in the 2nd quarter valued at approximately $40,000. Financial Gravity Companies Inc. acquired a new position in Visa in the 4th quarter valued at approximately $57,000. Finally, Sound Income Strategies LLC increased its stake in Visa by 141.6% in the 2nd quarter. Sound Income Strategies LLC now owns 331 shares of the credit-card processor’s stock valued at $57,000 after buying an additional 194 shares during the period. Institutional investors and hedge funds own 81.16% of the company’s stock.
In related news, EVP William M. Sheedy sold 75,676 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $165.24, for a total value of $12,504,702.24. Following the transaction, the executive vice president now directly owns 300,114 shares in the company, valued at approximately $49,590,837.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.17% of the company’s stock.
Visa (NYSE:V) last posted its earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.04. Visa had a net margin of 53.43% and a return on equity of 41.04%. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same period last year, the business posted $1.20 EPS. Visa’s revenue was up 11.5% compared to the same quarter last year. As a group, equities research analysts expect that Visa Inc will post 5.39 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 16th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.54%. Visa’s payout ratio is presently 21.69%.
Several research analysts have recently commented on V shares. UBS Group increased their price target on shares of Tableau Software to $134.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Oppenheimer set a $119.00 price target on shares of American Express and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Robert W. Baird set a $196.00 price target on shares of Visa and gave the stock a “buy” rating in a research note on Friday, July 19th. SunTrust Banks increased their price target on shares of CoStar Group to $650.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Credit Suisse Group increased their price target on shares of Canadian National Railway from $101.00 to $104.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Visa currently has a consensus rating of “Buy” and a consensus target price of $195.29.
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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