Pinkerton Retirement Specialists LLC Raises Position in Visa Inc (NYSE:V)

Pinkerton Retirement Specialists LLC lifted its stake in Visa Inc (NYSE:V) by 6.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,044 shares of the credit-card processor’s stock after acquiring an additional 975 shares during the quarter. Visa accounts for about 1.0% of Pinkerton Retirement Specialists LLC’s investment portfolio, making the stock its 28th largest holding. Pinkerton Retirement Specialists LLC’s holdings in Visa were worth $2,958,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in V. Lowe Wealth Advisors LLC grew its position in Visa by 114.7% during the second 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. Personal Wealth Partners bought a new stake in Visa during the second quarter valued at approximately $30,000. Essex Investment Management Co. LLC bought a new stake in Visa during the fourth quarter valued at approximately $33,000. Mcmillion Capital Management Inc. bought a new stake in Visa during the second quarter valued at approximately $38,000. Finally, Hexavest Inc. bought a new stake in Visa during the second quarter valued at approximately $40,000. Hedge funds and other institutional investors own 81.34% of the company’s stock.

In related news, Director Denise M. Morrison bought 1,000 shares of the stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average price of $171.13 per share, with a total value of $171,130.00. Following the completion of the acquisition, the director now owns 3,223 shares of the company’s stock, valued at $551,551.99. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Lloyd Carney sold 3,500 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 3,452 shares in the company, valued at approximately $630,783.96. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.

Shares of V traded down $2.09 during mid-day trading on Friday, reaching $178.00. The stock had a trading volume of 97,354 shares, compared to its average volume of 7,386,899. Visa Inc has a 12 month low of $121.60 and a 12 month high of $184.07. The business has a fifty day moving average of $178.90 and a 200 day moving average of $163.38. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market cap of $355.60 billion, a price-to-earnings ratio of 38.59, a PEG ratio of 2.00 and a beta of 0.96.

Visa (NYSE:V) last released its earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 EPS for the quarter, topping the consensus estimate of $1.33 by $0.04. Visa had a net margin of 53.43% and a return on equity of 41.04%. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, research analysts forecast that Visa Inc will post 5.4 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th will be issued 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 dividend payout ratio (DPR) is presently 21.69%.

Several analysts recently issued reports on the stock. UBS Group boosted their target price on shares of Visa from $183.00 to $187.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Deutsche Bank upped their price target on shares of Visa from $177.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. JPMorgan Chase & Co. upped their price target on shares of Visa from $166.00 to $182.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Citigroup set a $206.00 price target on shares of Visa and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, BMO Capital Markets upped their price target on shares of Visa to $214.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $195.46.

About Visa

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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