HS Management Partners LLC Sells 34,635 Shares of Visa Inc. $V

Key Points

• HS Management Partners LLC decreased its stake in Visa Inc. by 46.6%, selling 34,635 shares and retaining 39,630 shares, which now represent 1.1% of its total holdings.
• Visa reported a quarterly EPS of $2.98, exceeding analysts' expectations of $2.85 and showing a year-over-year revenue growth of 14.3% to $10.17 billion.
• Visa's stock is currently rated as a "Moderate Buy" by analysts, with a consensus price target of $389.00.

HS Management Partners LLC reduced its stake in Visa Inc. (NYSE:V - Free Report) by 46.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,630 shares of the credit-card processor's stock after selling 34,635 shares during the period. Visa accounts for 1.1% of HS Management Partners LLC's holdings, making the stock its 25th biggest holding. HS Management Partners LLC's holdings in Visa were worth $14,071,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in V. Yeomans Consulting Group Inc. boosted its stake in 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 in the last quarter. Semus Wealth Partners LLC boosted its stake in 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 in the last quarter. BankPlus Wealth Management LLC boosted its stake in Visa by 0.9% during the second quarter. BankPlus Wealth Management LLC now owns 3,338 shares of the credit-card processor's stock worth $1,185,000 after acquiring an additional 29 shares in the last quarter. Capital Advisors Ltd. LLC boosted its stake in Visa by 0.8% during the first quarter. Capital Advisors Ltd. LLC now owns 3,839 shares of the credit-card processor's stock worth $1,345,000 after acquiring an additional 30 shares in the last quarter. Finally, Wood Tarver Financial Group LLC boosted its stake in Visa by 11.1% during the first quarter. Wood Tarver Financial Group LLC now owns 301 shares of the credit-card processor's stock worth $105,000 after acquiring an additional 30 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

Visa Stock Down 1.3%

Shares of V stock opened at $346.66 on Friday. Visa Inc. has a 12 month low of $275.35 and a 12 month high of $375.51. The stock has a market cap of $635.36 billion, a P/E ratio of 33.85, a P/E/G ratio of 2.08 and a beta of 0.90. 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 company has a 50 day simple moving average of $343.68 and a two-hundred day simple moving average of $346.98.

Visa (NYSE:V - Get Free Report) last announced 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 during the quarter, compared to analysts' expectations of $9.82 billion. During the same period in the prior year, the company earned $2.42 earnings per share. The firm's revenue was up 14.3% on a year-over-year basis. On average, research analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm 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. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa's dividend payout ratio is currently 23.05%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on V shares. Raymond James Financial reissued an "outperform" rating on shares of Visa in a research note on Wednesday, July 30th. Erste Group Bank downgraded shares of Visa from a "buy" rating to a "hold" rating in a research note on Monday, September 22nd. Weiss Ratings reiterated a "buy (b)" rating on shares of Visa in a report on Wednesday. Deutsche Bank Aktiengesellschaft began coverage on shares of Visa in a report on Thursday, July 17th. They issued a "buy" rating and a $410.00 price objective for the company. Finally, Barclays restated an "overweight" rating and issued a $408.00 price objective (up from $396.00) on shares of Visa in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $389.00.

Insider Buying and Selling

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

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