Baxter Bros Inc. Sells 1,986 Shares of Visa Inc. (NYSE:V)

Baxter Bros Inc. reduced its position in Visa Inc. (NYSE:V - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,598 shares of the credit-card processor's stock after selling 1,986 shares during the period. Visa comprises about 4.6% of Baxter Bros Inc.'s portfolio, making the stock its 4th biggest holding. Baxter Bros Inc.'s holdings in Visa were worth $34,905,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Riverstone Advisors LLC acquired a new position in Visa during the 4th quarter worth about $217,000. Blue Rock Wealth Management LLC acquired a new stake in shares of Visa during the 4th quarter worth about $306,000. Aptus Capital Advisors LLC raised its holdings in Visa by 19.8% during the fourth quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor's stock worth $57,727,000 after purchasing an additional 30,185 shares in the last quarter. Journey Strategic Wealth LLC raised its holdings in Visa by 16.4% during the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock worth $3,058,000 after purchasing an additional 1,361 shares in the last quarter. Finally, King Wealth Management Group boosted its holdings in shares of Visa by 9.0% in the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock valued at $23,663,000 after buying an additional 6,172 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on V shares. Evercore ISI started coverage on Visa in a research note on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target on the stock. Susquehanna restated a "positive" rating on shares of Visa in a research report on Friday, March 21st. Citigroup initiated coverage on shares of Visa in a research report on Monday. They issued a "buy" rating for the company. William Blair reaffirmed an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods reissued a "hold" rating on shares of Visa in a report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $372.80.

Insider Buying and Selling

In other news, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the transaction, the insider now directly owns 26,413 shares of the company's stock, valued at $8,642,333.60. The trade was a 59.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the sale, the general counsel now directly owns 11,925 shares of the company's stock, 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. In the last ninety days, insiders have sold 121,948 shares of company stock valued at $41,546,299. 0.13% of the stock is currently owned by company insiders.

Visa Price Performance

Shares of V traded down $1.33 during mid-day trading on Thursday, reaching $366.67. 6,873,856 shares of the company's stock were exchanged, compared to its average volume of 7,004,686. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $372.43. The company has a market cap of $676.56 billion, a price-to-earnings ratio of 36.96, a PEG ratio of 2.33 and a beta of 0.96. The company has a 50-day simple moving average of $344.66 and a two-hundred day simple moving average of $334.72. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. The company had revenue of $9.59 billion for 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 quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.51 EPS. On average, sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.64%. Visa's payout ratio is 23.72%.

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.