Brown Shipley& Co Ltd Has $12.43 Million Stake in Visa Inc. $V

Key Points

• Brown Shipley & Co Ltd has decreased its position in Visa Inc. by 3.5%, holding now 35,469 shares valued at approximately $12.43 million, making Visa the fourth largest position in its portfolio.
• Analysts are optimistic about Visa's performance, with a consensus rating of "Moderate Buy" and a target price of $380.84, following positive earnings that surpassed expectations.
• Visa's recently declared quarterly dividend of $0.59 per share represents an annualized yield of 0.7%, indicating a 23.05% payout ratio.

Brown Shipley& Co Ltd trimmed its position in shares of Visa Inc. (NYSE:V - Free Report) by 3.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,469 shares of the credit-card processor's stock after selling 1,273 shares during the quarter. Visa makes up about 7.0% of Brown Shipley& Co Ltd's investment portfolio, making the stock its 4th biggest position. Brown Shipley& Co Ltd's holdings in Visa were worth $12,430,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. FWL Investment Management LLC lifted its holdings in Visa by 0.5% during the 4th quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock worth $2,005,000 after buying an additional 29 shares during the period. Yeomans Consulting Group Inc. raised its position in shares of Visa by 2.9% during the first quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock worth $360,000 after acquiring an additional 29 shares during the last quarter. Semus Wealth Partners LLC raised its position in shares of Visa by 0.8% during the first quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor's stock worth $1,209,000 after acquiring an additional 29 shares during the last quarter. Capstone Financial Advisors Inc. boosted its holdings in Visa by 3.6% in the fourth quarter. Capstone Financial Advisors Inc. now owns 872 shares of the credit-card processor's stock valued at $276,000 after acquiring an additional 30 shares during the last quarter. Finally, Headinvest LLC boosted its holdings in Visa by 0.8% in the fourth quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor's stock valued at $1,265,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Raymond James Financial restated an "outperform" rating on shares of Visa in a report on Wednesday, July 30th. Macquarie boosted their price objective on Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Deutsche Bank Aktiengesellschaft initiated coverage on Visa in a research note on Thursday, July 17th. They set a "buy" rating and a $410.00 target price for the company. Oppenheimer lifted their price objective on shares of Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Citigroup started coverage on shares of Visa in a research note on Monday, June 2nd. They set a "buy" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Visa has an average rating of "Moderate Buy" and a consensus target price of $380.84.

Visa Stock Performance

Shares of V stock opened at $343.99 on Thursday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The firm has a fifty day simple moving average of $348.54 and a two-hundred day simple moving average of $347.39. Visa Inc. has a 12 month low of $265.31 and a 12 month high of $375.51. The firm has a market capitalization of $630.46 billion, a PE ratio of 33.59, a price-to-earnings-growth ratio of 2.28 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating analysts' consensus estimates of $2.85 by $0.13. The firm had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business's quarterly revenue was up 14.3% compared to the same quarter last year. During the same period last year, the firm earned $2.42 earnings per share. Analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 12th. Visa's payout ratio is currently 23.05%.

Insider Transactions at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total value of $4,363,500.00. Following the transaction, the insider directly owned 26,413 shares in the company, valued at approximately $9,904,875. The trade was a 30.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,127 shares of company stock valued at $28,340,553 over the last ninety days. 0.13% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.