Visa Inc. (NYSE:V).
Vontobel Asset Management Inc reports that it raised its position in Visa Inc. shares by 9.0% in the last quarter. Its position was worth $530,630,000 an increase of 13.8% according to the filing.
These firms have also modified their investment in V. Gateway Investment Advisers LLC grew its ownership by buying 3,331 shares an increase of 0.3%. Gateway Investment Advisers LLC currently owns 1,242,349 shares valued at $116,507,000. The value of the position overall is up by 5.8%. Pennsylvania Trust Co expanded its position by buying 78,113 shares an increase of 43.3% from 03/31/2017 to 06/30/2017. Pennsylvania Trust Co claims 258,591 shares worth $24,251,000. The total value of its holdings increased 51.2%.
Union Bankshares Corp reduced its holdings by selling 5,873 shares a decrease of 93.6% as of 06/30/2017. Union Bankshares Corp now holds 400 shares with a value of $38,000. The value of the position overall is down by 93.2%.
On June 28, 2017 Mizuho added the stock to its research portfolio with an initial rating of “Buy”. On December 15 the company was upgraded to “Buy” from “Neutral” in a statement from Bank of America.
On December 5, 2016 the stock rating was set at “Buy” according to a Guggenheim report a boost from the previous “Buy” rating. On October 25 the stock rating was downgraded from “” to “Buy” with a current price target of $97.00 in a report issued by Guggenheim.
October 25 investment analysts at UBS made no change to the company rating of “Buy” but raised the price expectation from $90.00 to $97.00. On October 24 the stock rating was upgraded from “” to “Buy” in an announcement from Drexel Hamilton.
The company is up by 0.83 percent from yesterday’s close. Visa Inc. also announced a dividend for shareholders that was paid on Tue Jun 6, 2017. The dividend was $0.165 per share for the quarter which is $0.66 annualized. The dividend yield was $0.70. The ex-dividend date was Wednesday the 17th of May 2017.
Shares are trading at $96.20 which is slightly above the 50 day moving average which is $94.45 and a bit higher than the 200 day moving average of $88.30. The 50 day moving average was up $1.56 and the 200 day average went up by +8.74%.
The P/E ratio is 47.91 and the market cap of the company is 221.44B. In the last earnings report the EPS was $2.00 and is estimated to be $3.37 for the current year with 2,306,434,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.85 with next year’s EPS anticipated to be $3.94.