Visa Inc. (NYSE:V) is Baldwin Investment Management LLC's 10th Largest Position

Key Points

• Baldwin Investment Management LLC increased its stake in Visa Inc. by 21.7%, making the stock its 10th largest position worth approximately $7.71 million.
• Visa reported earnings of $2.76 EPS for the last quarter, surpassing analysts' expectations and showing a 9.3% year-over-year revenue increase to $9.59 billion.
• The company recently announced a quarterly dividend of $0.59 per share, yielding 0.66%, with a payout ratio of 23.72%.

Baldwin Investment Management LLC lifted its position in Visa Inc. (NYSE:V - Free Report) by 21.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,006 shares of the credit-card processor's stock after acquiring an additional 3,920 shares during the period. Visa accounts for 0.9% of Baldwin Investment Management LLC's holdings, making the stock its 10th largest position. Baldwin Investment Management LLC's holdings in Visa were worth $7,712,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in V. Werba Rubin Papier Wealth Management lifted its stake in shares of Visa by 1.3% in the 1st quarter. Werba Rubin Papier Wealth Management now owns 6,006 shares of the credit-card processor's stock valued at $2,105,000 after purchasing an additional 75 shares during the last quarter. Facet Wealth Inc. boosted its position in shares of Visa by 8.1% in the 1st quarter. Facet Wealth Inc. now owns 1,822 shares of the credit-card processor's stock valued at $635,000 after purchasing an additional 137 shares during the period. Sheaff Brock Investment Advisors LLC lifted its holdings in shares of Visa by 118.0% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 23,310 shares of the credit-card processor's stock valued at $8,169,000 after buying an additional 12,615 shares during the period. Carrera Capital Advisors boosted its holdings in Visa by 13.2% in the first quarter. Carrera Capital Advisors now owns 1,726 shares of the credit-card processor's stock valued at $605,000 after acquiring an additional 201 shares during the last quarter. Finally, Wealthstream Advisors Inc. grew its holdings in Visa by 3.0% in the 1st quarter. Wealthstream Advisors Inc. now owns 1,426 shares of the credit-card processor's stock valued at $500,000 after buying an additional 42 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Raymond James Financial reaffirmed an "outperform" rating on shares of Visa in a research report on Wednesday. Citigroup began coverage on Visa in a research note on Monday, June 2nd. They issued a "buy" rating for the company. BMO Capital Markets lifted their price objective on Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Oppenheimer raised 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. Finally, UBS Group reiterated a "buy" rating and set a $415.00 price target (up previously from $405.00) on shares of Visa in a research note on Wednesday. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $379.04.

Visa Stock Down 0.5%

V traded down $1.72 during trading on Thursday, hitting $349.19. The company had a trading volume of 3,834,854 shares, compared to its average volume of 6,583,312. The company has a market cap of $644.32 billion, a PE ratio of 34.08, a P/E/G ratio of 2.37 and a beta of 0.92. The business has a 50-day moving average of $355.61 and a 200-day moving average of $345.86. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08. Visa Inc. has a 1-year low of $254.51 and a 1-year high of $375.51.

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 (EPS) 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 the consensus estimate of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 59.03%. The company's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.42 earnings per share. As a group, analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. Visa's payout ratio is 23.05%.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the sale, the chief executive officer owned 537 shares of the company's stock, valued at $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Fabara sold 11,636 shares of the stock in a transaction on 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 $9,904,875. This represents a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 89,913 shares of company stock valued at $32,902,432. 0.13% of the stock is currently owned by company insiders.

About Visa

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.