Visa Inc (V) Holdings Trimmed by Deltec Asset Management LLC

Deltec Asset Management LLC reduced its position in shares of Visa Inc (NYSE:V) by 2.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 118,231 shares of the credit-card processor’s stock after selling 2,500 shares during the quarter. Visa comprises 3.4% of Deltec Asset Management LLC’s holdings, making the stock its 4th biggest position. Deltec Asset Management LLC’s holdings in Visa were worth $17,745,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Windsor Group LTD grew its position in shares of Visa by 7.8% during the 3rd quarter. Windsor Group LTD now owns 4,849 shares of the credit-card processor’s stock worth $728,000 after buying an additional 350 shares during the period. Bedel Financial Consulting Inc. grew its position in shares of Visa by 24.2% during the 2nd quarter. Bedel Financial Consulting Inc. now owns 1,825 shares of the credit-card processor’s stock worth $242,000 after buying an additional 356 shares during the period. Townsend & Associates Inc grew its position in shares of Visa by 6.1% during the 2nd quarter. Townsend & Associates Inc now owns 6,244 shares of the credit-card processor’s stock worth $827,000 after buying an additional 361 shares during the period. LLBH Private Wealth Management LLC grew its position in shares of Visa by 14.7% during the 2nd quarter. LLBH Private Wealth Management LLC now owns 2,821 shares of the credit-card processor’s stock worth $374,000 after buying an additional 362 shares during the period. Finally, Signature Estate & Investment Advisors LLC grew its position in shares of Visa by 36.8% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 1,357 shares of the credit-card processor’s stock worth $180,000 after buying an additional 365 shares during the period. 80.63% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP William M. Sheedy sold 13,864 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $144.97, for a total transaction of $2,009,864.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP James H. Hoffmeister sold 2,252 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $144.56, for a total value of $325,549.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 119,395 shares of company stock valued at $16,697,489. Insiders own 0.14% of the company’s stock.

Several research firms have recently issued reports on V. Wells Fargo & Co boosted their target price on Visa from $161.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, October 1st. Zacks Investment Research upgraded Visa from a “hold” rating to a “buy” rating and set a $168.00 price objective for the company in a research report on Tuesday, September 25th. BMO Capital Markets initiated coverage on Visa in a research report on Wednesday, September 26th. They issued an “outperform” rating and a $187.00 price objective for the company. Goldman Sachs Group lowered Visa from a “conviction-buy” rating to a “buy” rating and set a $160.00 price objective for the company. in a research report on Monday, September 17th. Finally, Bank of America reiterated a “buy” rating and issued a $163.00 price objective on shares of Visa in a research report on Monday, September 17th. Two analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. Visa has a consensus rating of “Buy” and an average target price of $156.09.

NYSE:V opened at $137.11 on Friday. Visa Inc has a twelve month low of $111.02 and a twelve month high of $151.56. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market cap of $279.64 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 1.51 and a beta of 1.11.

Visa (NYSE:V) last released its quarterly earnings results on Wednesday, October 24th. The credit-card processor reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. Visa had a return on equity of 38.00% and a net margin of 49.98%. The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.44 billion. On average, sell-side analysts forecast that Visa Inc will post 5.33 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 4th. Shareholders of record on Friday, November 16th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.73%. This is an increase from Visa’s previous quarterly dividend of $0.21. Visa’s dividend payout ratio is 21.69%.

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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.

Further Reading: What is the Coverage Ratio?

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Institutional Ownership by Quarter for Visa (NYSE:V)

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