Brown Shipley& Co Ltd Has $11.28 Million Holdings in Visa Inc. $V

Key Points

• Brown Shipley & Co Ltd reduced its stake in Visa Inc. by 10.4% in the second quarter, bringing its holdings to $11.28 million, making Visa its 4th largest investment.
• CEO Ryan Mcinerney recently sold 10,485 shares of Visa stock, reflecting a 95.13% decrease in his ownership, while other executives also recorded notable stock sales.
• Visa's stock has an average analyst rating of "Moderate Buy" with a consensus price target of $385.96, indicating a bullish outlook from analysts despite some recent downgrades.

Brown Shipley& Co Ltd cut its holdings in Visa Inc. (NYSE:V - Free Report) by 10.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,766 shares of the credit-card processor's stock after selling 3,703 shares during the period. Visa accounts for 6.2% of Brown Shipley& Co Ltd's portfolio, making the stock its 4th largest holding. Brown Shipley& Co Ltd's holdings in Visa were worth $11,279,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in V. Yeomans Consulting Group Inc. boosted its holdings in Visa by 2.9% in the 1st quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock worth $360,000 after buying an additional 29 shares during the period. Semus Wealth Partners LLC boosted its position in shares of Visa by 0.8% during the 1st quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor's stock valued at $1,209,000 after acquiring an additional 29 shares during the last quarter. BankPlus Wealth Management LLC increased its holdings in shares of Visa by 0.9% in the 2nd quarter. BankPlus Wealth Management LLC now owns 3,338 shares of the credit-card processor's stock worth $1,185,000 after buying an additional 29 shares during the last quarter. Kennebec Savings Bank grew its position in Visa by 0.9% in the first quarter. Kennebec Savings Bank now owns 3,372 shares of the credit-card processor's stock worth $1,182,000 after acquiring an additional 30 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its holdings in Visa by 0.8% during the 1st quarter. Capital Advisors Ltd. LLC now owns 3,839 shares of the credit-card processor's stock valued at $1,345,000 after buying an additional 30 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total value of $3,589,015.50. Following the transaction, the chief executive officer owned 537 shares in the company, valued at $183,815.10. The trade was a 95.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the transaction, the general counsel owned 11,925 shares in the company, valued at $4,102,438.50. This trade represents a 14.53% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

V has been the subject of a number of recent analyst reports. Truist Financial dropped their price target on shares of Visa from $400.00 to $397.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Weiss Ratings reissued a "buy (b)" rating on shares of Visa in a research note on Saturday, September 27th. Raymond James Financial reiterated an "outperform" rating on shares of Visa in a report on Wednesday, July 30th. Erste Group Bank downgraded Visa from a "buy" rating to a "hold" rating in a report on Monday, September 22nd. Finally, Macquarie upped their price objective on Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Visa currently has an average rating of "Moderate Buy" and a consensus price target of $385.96.

Visa Stock Performance

V stock opened at $349.90 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $641.29 billion, a P/E ratio of 34.17, a PEG ratio of 2.05 and a beta of 0.90. The business has a 50-day moving average price of $343.78 and a 200 day moving average price of $346.70. Visa Inc. has a 1-year low of $273.24 and a 1-year high of $375.51.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, beating analysts' consensus estimates of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. During the same quarter last year, the firm posted $2.42 EPS. The company's revenue for the quarter was up 14.3% on a year-over-year basis. As a group, equities research analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Visa's dividend payout ratio 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.

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