Dimensional Fund Advisors LP Has $2.97 Billion Holdings in Visa Inc. (NYSE:V)

Key Points

• Dimensional Fund Advisors LP has increased its holdings in Visa Inc. by 0.4%, now owning approximately $2.97 billion worth of the stock, which accounts for 0.7% of its total holdings.
• Visa reported earnings of $2.98 EPS for the last quarter, exceeding expectations and reflecting a 14.3% year-over-year revenue growth to $10.17 billion.
• The company has declared a quarterly dividend of $0.59 per share, with an ex-dividend date of August 12th, translating to an annualized yield of 0.7%.

Dimensional Fund Advisors LP increased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 0.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,471,084 shares of the credit-card processor's stock after purchasing an additional 36,149 shares during the quarter. Visa accounts for 0.7% of Dimensional Fund Advisors LP's holdings, making the stock its 10th biggest position. Dimensional Fund Advisors LP owned approximately 0.46% of Visa worth $2,968,272,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of V. von Borstel & Associates Inc. bought a new position in shares of Visa during the 1st quarter worth approximately $27,000. Measured Risk Portfolios Inc. bought a new position in shares of Visa during the 4th quarter worth approximately $47,000. O Brien Wealth Partners LLC bought a new position in shares of Visa during the 1st quarter worth approximately $54,000. Global X Japan Co. Ltd. bought a new position in shares of Visa during the 1st quarter worth approximately $56,000. Finally, Cedar Mountain Advisors LLC grew its stake in shares of Visa by 28.5% during the 1st quarter. Cedar Mountain Advisors LLC now owns 167 shares of the credit-card processor's stock worth $59,000 after acquiring an additional 37 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Stock Performance

NYSE:V opened at $345.53 on Friday. The stock's 50-day moving average is $350.69 and its 200-day moving average is $347.27. Visa Inc. has a 1-year low of $262.84 and a 1-year high of $375.51. The stock has a market cap of $633.27 billion, a P/E ratio of 33.74, a price-to-earnings-growth ratio of 2.28 and a beta of 0.94. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, beating the consensus estimate of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%. The business had revenue of $10.17 billion for the quarter, compared to analysts' expectations of $9.82 billion. During the same period in the prior year, the business posted $2.42 earnings per share. The firm's revenue was up 14.3% on a year-over-year basis. Equities research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 12th. Visa's dividend payout ratio is presently 23.05%.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 46,214 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the transaction, the insider directly owned 26,413 shares in the company, valued at approximately $9,772,810. This represents a 63.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer owned 537 shares in the company, valued at $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,100 shares of company stock worth $27,643,224 over the last 90 days. Company insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on V shares. BMO Capital Markets raised their target price on shares of Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Citigroup began coverage on shares of Visa in a research note on Monday, June 2nd. They issued a "buy" rating for the company. UBS Group reaffirmed a "buy" rating and set a $415.00 price target (up previously from $405.00) on shares of Visa in a report on Wednesday, July 30th. The Goldman Sachs Group began coverage on Visa in a report on Monday, June 2nd. They set a "neutral" rating for the company. Finally, Deutsche Bank Aktiengesellschaft began coverage on Visa in a report on Thursday, July 17th. They set a "buy" rating and a $410.00 price target for the company. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $380.84.

About Visa

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.