P.A.W. Capital Corp Has $1.58 Million Stake in Visa Inc (V)
P.A.W. Capital Corp trimmed its stake in shares of Visa Inc (NYSE:V) by 16.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,000 shares of the credit-card processor’s stock after selling 3,000 shares during the period. Visa comprises about 1.7% of P.A.W. Capital Corp’s holdings, making the stock its 17th biggest holding. P.A.W. Capital Corp’s holdings in Visa were worth $1,579,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Visa by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock worth $11,911,973,000 after acquiring an additional 2,628,148 shares in the last quarter. BlackRock Inc. lifted its stake in Visa by 1.3% in the 2nd quarter. BlackRock Inc. now owns 114,649,667 shares of the credit-card processor’s stock worth $10,751,846,000 after acquiring an additional 1,440,034 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Visa by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 15,971,471 shares of the credit-card processor’s stock worth $1,680,838,000 after acquiring an additional 355,320 shares in the last quarter. Capital Research Global Investors lifted its stake in Visa by 20.3% in the 2nd quarter. Capital Research Global Investors now owns 11,394,893 shares of the credit-card processor’s stock worth $1,068,613,000 after acquiring an additional 1,919,732 shares in the last quarter. Finally, Polen Capital Management LLC lifted its stake in Visa by 7.7% in the 2nd quarter. Polen Capital Management LLC now owns 10,425,812 shares of the credit-card processor’s stock worth $977,733,000 after acquiring an additional 745,312 shares in the last quarter. 81.49% of the stock is owned by institutional investors and hedge funds.
V has been the subject of several research analyst reports. Cantor Fitzgerald reissued a “buy” rating and issued a $120.00 price objective on shares of Visa in a research note on Wednesday, October 25th. Zacks Investment Research downgraded Visa from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Jefferies Group upped their target price on Visa from $125.00 to $127.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Wells Fargo & Co raised Visa from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $107.01 to $120.00 in a research report on Tuesday, October 10th. Finally, Barclays upped their target price on Visa from $123.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, October 26th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $118.02.
Visa Inc (V) opened at $112.69 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $232,873.19, a PE ratio of 40.25, a PEG ratio of 1.64 and a beta of 0.97. Visa Inc has a fifty-two week low of $77.90 and a fifty-two week high of $114.75.
Visa (NYSE:V) last issued its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.05. The business had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.63 billion. Visa had a return on equity of 31.80% and a net margin of 36.49%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 EPS. analysts expect that Visa Inc will post 4.07 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th were issued a dividend of $0.195 per share. This is a positive change from Visa’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, November 16th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.69%. Visa’s dividend payout ratio is currently 27.86%.
In other Visa news, EVP Tullier Kelly Mahon sold 49,702 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $113.66, for a total value of $5,649,129.32. Following the sale, the executive vice president now owns 76,202 shares of the company’s stock, valued at approximately $8,661,119.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert W. Matschullat sold 6,220 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $113.76, for a total value of $707,587.20. Following the completion of the sale, the director now directly owns 57,368 shares in the company, valued at approximately $6,526,183.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,068 shares of company stock worth $6,597,262. 0.14% of the stock is currently owned by insiders.
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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.
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