Compass Capital Management Inc. Has $21,844,000 Stake in Visa Inc. (V)
Compass Capital Management Inc. reduced its position in shares of Visa Inc. (NYSE:V) by 0.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 264,138 shares of the credit-card processor’s stock after selling 1,081 shares during the period. Visa comprises 4.1% of Compass Capital Management Inc.’s portfolio, making the stock its 7th largest position. Compass Capital Management Inc.’s holdings in Visa were worth $21,844,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Emerald Acquisition Ltd. acquired a new position in shares of Visa during the second quarter valued at approximately $411,431,000. Bank of Montreal Can purchased a new position in Visa during the second quarter valued at about $262,163,000. Capital International Investors increased its position in Visa by 19.7% in the second quarter. Capital International Investors now owns 9,156,501 shares of the credit-card processor’s stock valued at $679,138,000 after buying an additional 1,504,167 shares in the last quarter. Carmignac Gestion increased its position in Visa by 20.8% in the second quarter. Carmignac Gestion now owns 8,224,233 shares of the credit-card processor’s stock valued at $609,991,000 after buying an additional 1,418,029 shares in the last quarter. Finally, Hitchwood Capital Management LP purchased a new position in Visa during the second quarter valued at about $103,838,000. 79.52% of the stock is owned by institutional investors and hedge funds.
Shares of Visa Inc. (NYSE:V) traded down 0.018% on Tuesday, reaching $79.066. The company’s stock had a trading volume of 2,277,249 shares. Visa Inc. has a 12-month low of $66.12 and a 12-month high of $83.96. The company has a market capitalization of $185.01 billion, a price-to-earnings ratio of 31.239 and a beta of 1.00. The company’s 50-day moving average is $81.48 and its 200 day moving average is $80.04.
Visa (NYSE:V) last posted its quarterly earnings results on Monday, October 24th. The credit-card processor reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.05. Visa had a return on equity of 24.31% and a net margin of 39.72%. The firm earned $4.26 billion during the quarter. During the same quarter in the prior year, the firm earned $0.62 EPS. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. Equities analysts anticipate that Visa Inc. will post $3.29 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Investors of record on Friday, November 18th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Wednesday, November 16th. This is a boost from Visa’s previous quarterly dividend of $0.14. Visa’s dividend payout ratio is 26.72%.
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Several research firms have recently issued reports on V. BMO Capital Markets reaffirmed a “buy” rating on shares of Visa in a research note on Tuesday. Vetr raised Visa from a “hold” rating to a “buy” rating and set a $84.90 price objective for the company in a research note on Tuesday, November 15th. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $94.00 price objective on shares of Visa in a research note on Friday, August 5th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Visa in a research note on Monday. Finally, Robert W. Baird upped their price objective on Visa from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, September 6th. Seven research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Visa has a consensus rating of “Buy” and an average target price of $90.84.
In related news, insider Charles W. Scharf sold 772,912 shares of the company’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $82.65, for a total transaction of $63,881,176.80. Following the completion of the sale, the insider now owns 852,880 shares in the company, valued at $70,490,532. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Ryan Mcinerney sold 18,500 shares of the company’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $82.92, for a total value of $1,534,020.00. Following the sale, the president now owns 12,548 shares of the company’s stock, valued at approximately $1,040,480.16. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.
Visa Inc is a payments technology company. The Company and its subsidiaries, including Visa U.SA Inc (Visa U.SA), Visa International Service Association (Visa International), Visa Worldwide Pte. Limited, Visa Canada Corporation, Inovant LLC and CyberSource Corporation (CyberSource), operate a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions around the world.
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