Giverny Capital Inc. Has $133.77 Million Stock Holdings in Visa Inc. $V

Giverny Capital Inc. lessened its stake in shares of Visa Inc. (NYSE:V) by 1.6% in the second quarter, HoldingsChannel.com reports. The firm owned 389,900 shares of the credit-card processor’s stock after selling 6,457 shares during the quarter. Visa comprises approximately 4.5% of Giverny Capital Inc.’s holdings, making the stock its 8th largest holding. Giverny Capital Inc.’s holdings in Visa were worth $133,771,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Parvin Asset Management LLC increased its position in shares of Visa by 200.0% in the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after acquiring an additional 50 shares during the period. Philadelphia Investment Partners LLC purchased a new stake in shares of Visa during the second quarter worth about $29,000. Virtus Advisers LLC purchased a new stake in shares of Visa during the second quarter worth about $33,000. RHL Group LLC bought a new stake in shares of Visa in the fourth quarter worth about $34,000. Finally, Timmons Wealth Management LLC purchased a new position in Visa during the 4th quarter valued at about $34,000. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,028 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $381.35, for a total value of $773,377.80. Following the sale, the general counsel directly owned 18,404 shares of the company’s stock, valued at $7,018,365.40. The trade was a 9.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tullier Mahon sold 57,272 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $364.97, for a total value of $20,902,561.84. Following the completion of the sale, the insider owned 49,662 shares in the company, valued at $18,125,140.14. The trade was a 53.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 104,537 shares of company stock valued at $37,540,837. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the subject of a number of recent analyst reports. Weiss Ratings raised Visa from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 30th. Wolfe Research reiterated an “outperform” rating and issued a $460.00 price objective (up from $435.00) on shares of Visa in a research report on Tuesday, August 25th. Wells Fargo & Company reissued an “overweight” rating and set a $432.00 target price (up from $412.00) on shares of Visa in a research note on Thursday, July 30th. Citigroup restated a “buy” rating and set a $440.00 target price (up from $400.00) on shares of Visa in a report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $430.00 price target on shares of Visa in a research note on Wednesday, July 29th. Seven research analysts have rated the stock with a Strong Buy rating and twenty-four have assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $416.62.

Visa Stock Performance

Shares of V stock opened at $374.46 on Monday. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $385.57. The stock has a market cap of $668.20 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 2.01 and a beta of 0.76. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. The company’s fifty day moving average price is $363.63 and its 200-day moving average price is $333.40.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.09. Visa had a net margin of 50.78% and a return on equity of 67.68%. The company had revenue of $11.63 billion during the quarter, compared to analyst estimates of $11.40 billion. During the same period last year, the business earned $2.98 EPS. Visa’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, equities analysts expect that Visa Inc. will post 13.16 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, August 11th. Visa’s dividend payout ratio is 22.79%.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.