Crown Oak Advisors LLC Sells 151 Shares of Visa Inc. $V

Crown Oak Advisors LLC reduced its holdings in shares of Visa Inc. (NYSE:V) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,673 shares of the credit-card processor’s stock after selling 151 shares during the period. Visa makes up 10.9% of Crown Oak Advisors LLC’s holdings, making the stock its 2nd largest position. Crown Oak Advisors LLC’s holdings in Visa were worth $22,962,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Keystone Global Partners LLC acquired a new position in shares of Visa in the first quarter valued at about $26,000. Family Legacy Financial Solutions LLC acquired a new stake in Visa during the second quarter worth about $28,000. von Borstel & Associates Inc. acquired a new stake in Visa during the first quarter worth about $27,000. Cranbrook Wealth Management LLC grew its holdings in Visa by 82.0% during the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock worth $32,000 after acquiring an additional 41 shares during the period. Finally, Westend Capital Management LLC grew its holdings in Visa by 83.1% during the second quarter. Westend Capital Management LLC now owns 108 shares of the credit-card processor’s stock worth $38,000 after acquiring an additional 49 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the transaction, the general counsel owned 11,925 shares in the company, valued at approximately $4,102,438.50. This trade represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on V. Morgan Stanley raised their target price on Visa from $386.00 to $402.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Erste Group Bank lowered Visa from a “buy” rating to a “hold” rating in a research report on Monday, September 22nd. The Goldman Sachs Group began coverage on shares of Visa in a research note on Monday, June 2nd. They issued a “neutral” rating on the stock. Barclays reaffirmed an “overweight” rating and set a $408.00 price objective (up from $396.00) on shares of Visa in a report on Thursday, July 31st. Finally, UBS Group reissued a “buy” rating and set a $415.00 target price (up previously from $405.00) on shares of Visa in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $385.96.

Visa Price Performance

Visa stock opened at $340.27 on Tuesday. The company has a fifty day simple moving average of $344.44 and a 200-day simple moving average of $346.54. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $623.64 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 2.24 and a beta of 0.92. Visa Inc. has a 52-week low of $273.20 and a 52-week high of $375.51.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.13. The firm had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. Visa’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.42 earnings per share. On average, equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa’s dividend payout ratio (DPR) is currently 23.05%.

Visa Profile

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.