Heritage Trust Co Buys 3,946 Shares of Visa Inc (NYSE:V)

Heritage Trust Co boosted its stake in Visa Inc (NYSE:V) by 15.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,106 shares of the credit-card processor’s stock after acquiring an additional 3,946 shares during the quarter. Visa accounts for 1.2% of Heritage Trust Co’s portfolio, making the stock its 27th largest position. Heritage Trust Co’s holdings in Visa were worth $4,690,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Fosun International Ltd lifted its position in Visa by 26.7% during the 1st quarter. Fosun International Ltd now owns 36,100 shares of the credit-card processor’s stock worth $5,977,000 after buying an additional 7,600 shares in the last quarter. Nan Shan Life Insurance Co. Ltd. lifted its position in Visa by 6.5% during the 1st quarter. Nan Shan Life Insurance Co. Ltd. now owns 415,575 shares of the credit-card processor’s stock worth $66,957,000 after buying an additional 25,238 shares in the last quarter. Tredje AP fonden lifted its position in Visa by 73.7% during the 1st quarter. Tredje AP fonden now owns 182,694 shares of the credit-card processor’s stock worth $25,175,000 after buying an additional 77,490 shares in the last quarter. AMS Capital Ltda lifted its position in Visa by 581.3% during the 1st quarter. AMS Capital Ltda now owns 18,260 shares of the credit-card processor’s stock worth $2,942,000 after buying an additional 15,580 shares in the last quarter. Finally, Bedel Financial Consulting Inc. lifted its position in Visa by 3.3% during the 1st quarter. Bedel Financial Consulting Inc. now owns 2,310 shares of the credit-card processor’s stock worth $372,000 after buying an additional 74 shares in the last quarter. 81.88% of the stock is currently owned by hedge funds and other institutional investors.

V has been the topic of several recent analyst reports. William Blair restated an “outperform” rating on shares of Visa in a research note on Wednesday, February 12th. UBS Group lowered their price objective on shares of Visa from $190.00 to $188.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Wedbush boosted their price objective on shares of Visa from $170.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, April 27th. Nomura Securities lowered their price objective on shares of Visa from $233.00 to $214.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Finally, KeyCorp lowered their price objective on shares of Visa from $220.00 to $190.00 and set an “overweight” rating on the stock in a research note on Monday, March 23rd. Five investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $202.75.

Shares of Visa stock traded up $0.24 on Friday, reaching $190.86. 5,581,642 shares of the stock were exchanged, compared to its average volume of 9,964,502. The firm’s 50 day moving average is $173.48 and its 200-day moving average is $183.49. Visa Inc has a one year low of $133.93 and a one year high of $214.17. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $370.47 billion, a PE ratio of 34.39, a P/E/G ratio of 3.03 and a beta of 0.92.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, April 30th. The credit-card processor reported $1.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.04. Visa had a net margin of 52.26% and a return on equity of 43.45%. The company had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.75 billion. During the same quarter in the prior year, the firm posted $1.31 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities research analysts expect that Visa Inc will post 4.99 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Thursday, May 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.63%. The ex-dividend date is Wednesday, May 13th. Visa’s payout ratio is 22.06%.

In related news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $161.40, for a total value of $1,129,800.00. Following the completion of the transaction, the chief executive officer now owns 142,090 shares of the company’s stock, valued at approximately $22,933,326. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders sold 21,000 shares of company stock valued at $3,620,540. 0.19% 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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