Parkwood LLC Boosts Stock Position in Visa Inc. $V

Key Points

• Parkwood LLC increased its holdings in Visa Inc. by 82.3% to 52,949 shares, which are valued at approximately $18.56 million, making it Visa's 23rd largest position in their portfolio.
• Visa reported earnings per share (EPS) of $2.98 for the last quarter, surpassing analyst estimates of $2.85, and achieved revenue of $10.17 billion, a 14.3% increase year-over-year.
• The company recently declared a quarterly dividend of $0.59, translating to an annualized yield of 0.7% and a payout ratio of 23.05%.

Parkwood LLC lifted its stake in shares of Visa Inc. (NYSE:V - Free Report) by 82.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,949 shares of the credit-card processor's stock after purchasing an additional 23,901 shares during the period. Visa accounts for 1.7% of Parkwood LLC's holdings, making the stock its 23rd biggest position. Parkwood LLC's holdings in Visa were worth $18,556,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Yeomans Consulting Group Inc. lifted its holdings 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 during the period. Semus Wealth Partners LLC raised its stake in shares of Visa by 0.8% in the first quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor's stock valued at $1,209,000 after buying an additional 29 shares during the period. Headinvest LLC raised its stake in shares of 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 buying an additional 30 shares during the period. Kennebec Savings Bank raised its stake in shares of Visa by 0.9% in the first quarter. Kennebec Savings Bank now owns 3,372 shares of the credit-card processor's stock valued at $1,182,000 after buying an additional 30 shares during the period. Finally, Capital Advisors Ltd. LLC raised its stake in shares of Visa by 0.8% in the first 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. Institutional investors own 82.15% of the company's stock.

Insider Buying and Selling

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the transaction, the general counsel directly owned 11,925 shares in the company, valued at $4,102,438.50. The trade was a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total value of $4,363,500.00. Following the transaction, the insider owned 26,413 shares of the company's stock, valued at approximately $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,293 shares of company stock worth $8,114,295 over the last ninety days. 0.13% of the stock is owned by corporate insiders.

Visa Stock Performance

Shares of NYSE V traded down $7.98 during mid-day trading on Friday, hitting $343.02. The company had a trading volume of 5,447,231 shares, compared to its average volume of 5,028,936. The company has a market capitalization of $628.67 billion, a price-to-earnings ratio of 33.50, a P/E/G ratio of 2.28 and a beta of 0.92. Visa Inc. has a 1 year low of $268.23 and a 1 year high of $375.51. 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 stock's 50-day moving average price is $348.51 and its 200-day moving average price is $347.19.

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

Visa Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have issued reports on V. Deutsche Bank Aktiengesellschaft began coverage on Visa in a research note on Thursday, July 17th. They issued a "buy" rating and a $410.00 target price on the stock. Oppenheimer boosted their target price on Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Raymond James Financial restated an "outperform" rating on shares of Visa in a research note on Wednesday, July 30th. Citigroup began coverage on Visa in a research note on Monday, June 2nd. They issued a "buy" rating on the stock. Finally, The Goldman Sachs Group assumed coverage on Visa in a research note on Monday, June 2nd. They issued a "neutral" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $385.96.

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.