Whittier Trust Co. of Nevada Inc. raised its stake in Visa Inc. (NYSE:V) by 2.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 112,698 shares of the credit-card processor’s stock after buying an additional 2,534 shares during the period. Visa accounts for 1.0% of Whittier Trust Co. of Nevada Inc.’s portfolio, making the stock its 21st largest position. Whittier Trust Co. of Nevada Inc.’s holdings in Visa were worth $10,569,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Integrated Investment Consultants LLC increased its position in shares of Visa by 0.7% in the first quarter. Integrated Investment Consultants LLC now owns 2,961 shares of the credit-card processor’s stock valued at $263,000 after buying an additional 20 shares during the last quarter. Mercer Capital Advisers Inc. increased its position in shares of Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock valued at $104,000 after buying an additional 25 shares during the last quarter. Smithfield Trust Co. increased its position in shares of Visa by 0.3% in the first quarter. Smithfield Trust Co. now owns 9,047 shares of the credit-card processor’s stock valued at $804,000 after buying an additional 25 shares during the last quarter. Harwood Advisory Group LLC increased its position in shares of Visa by 0.9% in the second quarter. Harwood Advisory Group LLC now owns 2,765 shares of the credit-card processor’s stock valued at $259,000 after buying an additional 25 shares during the last quarter. Finally, Sky Investment Group LLC increased its position in shares of Visa by 0.9% in the second quarter. Sky Investment Group LLC now owns 2,685 shares of the credit-card processor’s stock valued at $252,000 after buying an additional 25 shares during the last quarter. 82.46% of the stock is owned by institutional investors.

Shares of Visa Inc. (NYSE V) traded up 0.60% during midday trading on Friday, hitting $100.09. 5,268,197 shares of the stock were exchanged. Visa Inc. has a 12 month low of $75.17 and a 12 month high of $101.72. The firm has a 50 day moving average of $97.74 and a 200-day moving average of $92.09. The stock has a market cap of $228.85 billion, a P/E ratio of 37.22 and a beta of 0.94.

Visa (NYSE:V) last announced its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.05. Visa had a net margin of 36.53% and a return on equity of 30.95%. The business had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The business’s revenue for the quarter was up 25.8% on a year-over-year basis. Equities research analysts anticipate that Visa Inc. will post $3.43 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Wednesday, August 16th. Visa’s dividend payout ratio is currently 24.54%.

Visa declared that its board has approved a stock buyback program on Thursday, April 20th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the credit-card processor to reacquire up to 2.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

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Several research analysts have commented on V shares. Oppenheimer Holdings, Inc. raised their price target on shares of Visa from $100.00 to $106.00 in a report on Tuesday, July 18th. Citigroup Inc. reissued a “buy” rating and issued a $100.00 price target on shares of Visa in a report on Thursday, May 25th. Instinet reissued a “buy” rating and issued a $105.00 price target (up from $103.00) on shares of Visa in a report on Sunday, April 23rd. Jefferies Group LLC reissued a “buy” rating and issued a $104.00 price target on shares of Visa in a report on Sunday, April 23rd. Finally, Vetr raised shares of Visa from a “hold” rating to a “buy” rating and set a $95.32 price target for the company in a report on Thursday, April 27th. Four analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the stock. Visa presently has a consensus rating of “Buy” and a consensus price target of $104.56.

In other news, EVP Tullier Kelly Mahon sold 29,772 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $100.91, for a total value of $3,004,292.52. Following the sale, the executive vice president now owns 17,360 shares of the company’s stock, valued at $1,751,797.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Visa Company Profile

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

Institutional Ownership by Quarter for Visa (NYSE:V)

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