Visa Inc. (NYSE:V) Stake Lifted by Bristol Gate Capital Partners Inc.

Key Points

• Bristol Gate Capital Partners Inc. has increased its stake in Visa Inc. by 0.4%, making it the firm's 2nd largest holding, valued at approximately $109.2 million.
• Visa reported a quarterly earnings per share (EPS) of $2.98, surpassing analyst estimates by $0.13, with revenues rising 14.3% year-over-year to $10.17 billion.
• The company has also announced a quarterly dividend of $0.59 per share, set to be paid on September 2nd, reflecting a 0.67% yield based on its current stock price.

Bristol Gate Capital Partners Inc. lifted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 0.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 311,557 shares of the credit-card processor's stock after purchasing an additional 1,136 shares during the period. Visa accounts for about 5.3% of Bristol Gate Capital Partners Inc.'s portfolio, making the stock its 2nd largest position. Bristol Gate Capital Partners Inc.'s holdings in Visa were worth $109,188,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. von Borstel & Associates Inc. bought a new position in shares of Visa during the first quarter worth about $27,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Visa in the fourth quarter valued at approximately $47,000. Navigoe LLC acquired a new stake in Visa during the 4th quarter worth approximately $53,000. O Brien Wealth Partners LLC acquired a new stake in Visa during the 1st quarter worth approximately $54,000. Finally, Hurley Capital LLC acquired a new position in Visa in the 4th quarter valued at $56,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Price Performance

Shares of V stock traded down $6.66 on Friday, reaching $338.81. 8,655,366 shares of the company were exchanged, compared to its average volume of 6,632,218. Visa Inc. has a 1 year low of $254.51 and a 1 year high of $375.51. The company has a market cap of $625.16 billion, a price-to-earnings ratio of 33.09, a P/E/G ratio of 2.36 and a beta of 0.92. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.08 and a current ratio of 1.12. The business has a 50-day moving average price of $355.36 and a 200 day moving average price of $346.13.

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 for the quarter, beating the consensus estimate of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The company had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. During the same period in the previous year, the business posted $2.42 EPS. Visa's revenue was up 14.3% on a year-over-year basis. Equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. BMO Capital Markets lifted their price objective on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Citigroup initiated coverage on Visa in a report on Monday, June 2nd. They set a "buy" rating on the stock. Oppenheimer lifted their target price on Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Barclays reaffirmed an "overweight" rating and set a $408.00 price target (up from $396.00) on shares of Visa in a research note on Thursday. Finally, William Blair reissued an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Visa presently has a consensus rating of "Moderate Buy" and a consensus price target of $380.84.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the sale, the chief executive officer directly owned 537 shares in the company, valued at $190,001.34. This represents a 94.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul D. Fabara sold 11,636 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the sale, the insider directly owned 26,413 shares in the company, valued at approximately $9,904,875. This represents a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,913 shares of company stock worth $32,902,432. 0.13% of the stock is 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.