Mitchell Capital Management Co. Has $10.84 Million Stock Position in Visa Inc. $V

Key Points

• Mitchell Capital Management Co. reduced its stake in Visa Inc. by 10.1% during the second quarter, now holding 31,044 shares valued at approximately $10.84 million.
• Visa recently reported $2.98 EPS for the quarter, exceeding estimates, with a revenue of $10.17 billion, marking a 14.3% increase year-over-year.
• The company announced a quarterly dividend of $0.59 per share, reflecting a 0.7% dividend yield and a payout ratio of 23.05%.

Mitchell Capital Management Co. cut its stake in shares of Visa Inc. (NYSE:V - Free Report) by 10.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,044 shares of the credit-card processor's stock after selling 3,474 shares during the quarter. Visa makes up 2.0% of Mitchell Capital Management Co.'s portfolio, making the stock its 9th largest holding. Mitchell Capital Management Co.'s holdings in Visa were worth $10,836,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in V. Brighton Jones LLC lifted its holdings in shares of Visa by 50.1% during the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after acquiring an additional 6,883 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Visa by 68.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock valued at $3,733,000 after buying an additional 4,817 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Visa by 9.9% in the first quarter. GAMMA Investing LLC now owns 42,120 shares of the credit-card processor's stock valued at $14,761,000 after buying an additional 3,795 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Visa by 22.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 867,704 shares of the credit-card processor's stock valued at $304,096,000 after buying an additional 161,161 shares during the last quarter. Finally, Accelerate Investment Advisors LLC raised its holdings in shares of Visa by 12.3% in the first quarter. Accelerate Investment Advisors LLC now owns 941 shares of the credit-card processor's stock valued at $330,000 after buying an additional 103 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Ryan Mcinerney sold 10,485 shares of the business's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the completion of the transaction, the chief executive officer directly owned 537 shares in the company, valued at approximately $183,815.10. The trade was a 95.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 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. 0.13% of the stock is currently owned by insiders.

Visa Price Performance

Visa stock opened at $335.01 on Friday. The firm has a market capitalization of $614.00 billion, a P/E ratio of 32.72, a PEG ratio of 2.05 and a beta of 0.90. Visa Inc. has a 1 year low of $280.78 and a 1 year high of $375.51. The business has a 50-day moving average of $344.20 and a 200-day moving average of $346.87. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.13. The company had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.The company's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.42 EPS. On average, equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, August 12th. Visa's payout ratio is presently 23.05%.

Analyst Upgrades and Downgrades

V has been the subject of a number of research analyst reports. Robert W. Baird set a $410.00 price target on Visa and gave the company an "outperform" rating in a report on Monday, October 6th. Macquarie lifted their price target on Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Morgan Stanley lifted their price target on Visa from $386.00 to $402.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Raymond James Financial reaffirmed an "outperform" rating on shares of Visa in a report on Wednesday, July 30th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Visa in a research report on Wednesday, October 8th. One 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $389.00.

Visa Company 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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