Visa Inc. (NYSE:V) Stock Holdings Boosted by Breed s Hill Capital LLC

Breed s Hill Capital LLC lifted its position in shares of Visa Inc. (NYSE:V) by 124.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,631 shares of the credit-card processor’s stock after acquiring an additional 903 shares during the period. Breed s Hill Capital LLC’s holdings in Visa were worth $515,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vise Technologies Inc. grew its position in Visa by 46.9% in the 4th quarter. Vise Technologies Inc. now owns 29,664 shares of the credit-card processor’s stock valued at $9,375,000 after buying an additional 9,473 shares in the last quarter. Retirement Planning Group LLC raised its holdings in Visa by 25.6% during the fourth quarter. Retirement Planning Group LLC now owns 2,744 shares of the credit-card processor’s stock worth $867,000 after purchasing an additional 559 shares in the last quarter. Connecticut Wealth Management LLC raised its holdings in Visa by 0.4% during the fourth quarter. Connecticut Wealth Management LLC now owns 16,628 shares of the credit-card processor’s stock worth $5,255,000 after purchasing an additional 60 shares in the last quarter. Headinvest LLC raised its holdings in Visa by 0.8% during the fourth quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor’s stock worth $1,265,000 after purchasing an additional 30 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd raised its holdings in Visa by 16.0% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 11,880 shares of the credit-card processor’s stock worth $3,755,000 after purchasing an additional 1,641 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the transaction, the chief executive officer now owns 537 shares in the company, valued at $194,931. This trade represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the transaction, the general counsel now owns 11,925 shares in the company, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 121,948 shares of company stock valued at $41,548,282. 0.13% of the stock is currently owned by corporate insiders.

Visa Price Performance

NYSE V opened at $357.90 on Friday. The company has a 50 day simple moving average of $341.07 and a 200-day simple moving average of $331.33. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $660.38 billion, a price-to-earnings ratio of 36.08, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $369.15.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. The business had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.51 earnings per share. Equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa’s payout ratio is presently 23.72%.

Wall Street Analyst Weigh In

V has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their target price on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. UBS Group reduced their price objective on shares of Visa from $400.00 to $395.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Oppenheimer restated an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. William Blair restated an “outperform” rating on shares of Visa in a research report on Wednesday, April 30th. Finally, Citigroup restated a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $362.38.

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.