Visa Inc. (V) Shares Sold by Stillwater Investment Management LLC
Stillwater Investment Management LLC trimmed its holdings in Visa Inc. (NYSE:V) by 2.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,291 shares of the credit-card processor’s stock after selling 927 shares during the period. Visa makes up 2.0% of Stillwater Investment Management LLC’s investment portfolio, making the stock its 9th biggest holding. Stillwater Investment Management LLC’s holdings in Visa were worth $4,154,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. Mercer Capital Advisers Inc. grew its position in shares of Visa by 2.2% during the 1st quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock valued at $104,000 after purchasing an additional 25 shares in the last quarter. Advantage Investment Management LLC grew its position in shares of Visa by 27.4% during the 1st quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock valued at $130,000 after purchasing an additional 314 shares in the last quarter. Delta Asset Management LLC TN grew its position in shares of Visa by 2.5% during the 1st quarter. Delta Asset Management LLC TN now owns 1,541 shares of the credit-card processor’s stock valued at $137,000 after purchasing an additional 38 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Visa during the 1st quarter valued at $153,000. Finally, Tarbox Group Inc. grew its position in shares of Visa by 259.5% during the 1st quarter. Tarbox Group Inc. now owns 2,139 shares of the credit-card processor’s stock valued at $190,000 after purchasing an additional 1,544 shares in the last quarter. Institutional investors and hedge funds own 81.74% of the company’s stock.
Visa Inc. (V) traded up 0.543% on Thursday, reaching $106.405. 2,712,757 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $102.34 and a 200 day moving average price of $94.93. Visa Inc. has a 12-month low of $75.17 and a 12-month high of $106.84. The stock has a market cap of $243.29 billion, a price-to-earnings ratio of 39.570 and a beta of 0.94.
Visa (NYSE:V) last released its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.36 billion. Visa had a net margin of 36.53% and a return on equity of 30.95%. Visa’s revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 EPS. Analysts forecast that Visa Inc. will post $3.43 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Wednesday, August 16th. Visa’s dividend payout ratio (DPR) is currently 24.54%.
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In other news, EVP Tullier Kelly Mahon sold 29,772 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $100.91, for a total value of $3,004,292.52. Following the sale, the executive vice president now directly owns 17,360 shares of the company’s stock, valued at approximately $1,751,797.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary B. Cranston sold 10,400 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.
Several analysts have weighed in on the stock. Vetr raised shares of Visa from a “sell” rating to a “hold” rating and set a $105.08 price target for the company in a research note on Wednesday. BMO Capital Markets reissued an “outperform” rating on shares of Visa in a research note on Tuesday. Robert W. Baird reissued a “buy” rating on shares of Visa in a research note on Thursday, August 24th. UBS AG reissued an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. Finally, KeyCorp reissued a “buy” rating and issued a $110.00 price target on shares of Visa in a research note on Friday, August 25th. Four analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $104.90.
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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