Franklin Parlapiano Turner & Welch LLC Trims Stake in Visa Inc (NYSE:V)

Franklin Parlapiano Turner & Welch LLC trimmed its position in Visa Inc (NYSE:V) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,201 shares of the credit-card processor’s stock after selling 78 shares during the period. Visa makes up about 2.7% of Franklin Parlapiano Turner & Welch LLC’s holdings, making the stock its 8th biggest position. Franklin Parlapiano Turner & Welch LLC’s holdings in Visa were worth $6,228,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of V. Markel Corp boosted its position in shares of Visa by 0.4% during the 3rd quarter. Markel Corp now owns 924,400 shares of the credit-card processor’s stock worth $138,743,000 after purchasing an additional 4,000 shares in the last quarter. CX Institutional purchased a new stake in shares of Visa during the 4th quarter worth $224,000. Anderson Hoagland & Co. boosted its position in shares of Visa by 0.7% during the 4th quarter. Anderson Hoagland & Co. now owns 69,530 shares of the credit-card processor’s stock worth $8,953,000 after purchasing an additional 487 shares in the last quarter. WINTON GROUP Ltd boosted its position in shares of Visa by 2.9% during the 3rd quarter. WINTON GROUP Ltd now owns 13,962 shares of the credit-card processor’s stock worth $2,096,000 after purchasing an additional 395 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Visa by 3.9% during the 3rd quarter. Victory Capital Management Inc. now owns 879,958 shares of the credit-card processor’s stock worth $132,073,000 after purchasing an additional 32,838 shares in the last quarter. Hedge funds and other institutional investors own 81.42% of the company’s stock.

In other news, EVP Tullier Kelly Mahon sold 91,046 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $156.29, for a total transaction of $14,229,579.34. Following the completion of the transaction, the executive vice president now owns 120,602 shares of the company’s stock, valued at approximately $18,848,886.58. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Lynne Biggar sold 15,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $150.00, for a total transaction of $2,250,000.00. Following the transaction, the executive vice president now directly owns 22,294 shares of the company’s stock, valued at approximately $3,344,100. The disclosure for this sale can be found here. Insiders sold a total of 188,202 shares of company stock valued at $29,962,762 in the last three months. 0.17% of the stock is currently owned by corporate insiders.

V stock traded up $0.38 during trading on Wednesday, hitting $164.24. The stock had a trading volume of 5,415,200 shares, compared to its average volume of 8,187,932. Visa Inc has a 1-year low of $121.60 and a 1-year high of $165.74. The company has a market capitalization of $327.53 billion, a price-to-earnings ratio of 35.63, a PEG ratio of 1.86 and a beta of 1.00. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.58.

Visa (NYSE:V) last announced its earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.07. Visa had a net margin of 51.34% and a return on equity of 40.56%. The firm had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the previous year, the company posted $1.11 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, research analysts predict that Visa Inc will post 5.38 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Friday, May 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s payout ratio is 21.69%.

Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $185.00 target price on the stock in a research report on Friday, May 17th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $181.00 price target on shares of Visa in a research note on Sunday, April 28th. Goldman Sachs Group reaffirmed a “buy” rating and set a $188.00 price target on shares of Visa in a research note on Thursday, May 2nd. UBS Group lifted their price target on Visa from $146.00 to $183.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Finally, BMO Capital Markets lifted their price target on Visa to $214.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Two analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $177.67.

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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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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