Visa Inc. $V is Railway Pension Investments Ltd's 10th Largest Position

Key Points

• Railway Pension Investments Ltd. increased its Visa stake by 12.1% in the second quarter, buying 68,000 additional shares. Visa now represents 2.7% of the fund’s portfolio and is its 10th-largest holding, valued at approximately $215.7 million.
• Visa reported quarterly EPS of $3.32 and revenue of $11.63 billion, exceeding analyst expectations; revenue rose 14.4% year over year. Institutional investors own 82.15% of the company, while insiders sold roughly $34.5 million in shares during the latest quarter.
• Analysts maintain a broadly bullish view, with an average “Buy” rating and a $416.62 price target versus the stock’s $379.17 opening price. Visa also declared a quarterly dividend of $0.67 per share, implying a 0.7% annual yield.

Railway Pension Investments Ltd increased its stake in shares of Visa Inc. (NYSE:V - Free Report) by 12.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 628,679 shares of the credit-card processor's stock after purchasing an additional 68,000 shares during the quarter. Visa accounts for 2.7% of Railway Pension Investments Ltd's holdings, making the stock its 10th largest holding. Railway Pension Investments Ltd's holdings in Visa were worth $215,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of V. Brighton Jones LLC increased its position in shares of Visa by 50.1% in the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after purchasing an additional 6,883 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Visa by 68.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock worth $3,733,000 after purchasing an additional 4,817 shares during the last quarter. Nicholas Hoffman & Company LLC. grew its stake in shares of Visa by 4.6% during the first quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor's stock worth $3,834,000 after purchasing an additional 477 shares in the last quarter. Matrix Asset Advisors Inc. NY grew its stake in shares of Visa by 16.9% during the second quarter. Matrix Asset Advisors Inc. NY now owns 1,133 shares of the credit-card processor's stock worth $402,000 after purchasing an additional 164 shares in the last quarter. Finally, Schnieders Capital Management LLC. increased its holdings in Visa by 13.8% in the second quarter. Schnieders Capital Management LLC. now owns 18,367 shares of the credit-card processor's stock valued at $6,521,000 after buying an additional 2,230 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Visa news, insider Tullier Kelly Mahon sold 57,272 shares of the business's stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $364.97, for a total value of $20,902,561.84. Following the completion of the sale, the insider owned 49,662 shares in the company, valued at approximately $18,125,140.14. The trade was a 53.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm's stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $360.00, for a total transaction of $729,720.00. Following the transaction, the general counsel owned 18,404 shares in the company, valued at approximately $6,625,440. This trade represents a 9.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 96,634 shares of company stock valued at $34,537,016 over the last quarter. Company insiders own 0.12% of the company's stock.

Visa Stock Performance

NYSE V opened at $379.17 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.99. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $385.57. The company has a market capitalization of $676.60 billion, a PE ratio of 32.24, a P/E/G ratio of 2.04 and a beta of 0.74. The company has a fifty day moving average of $360.10 and a two-hundred day moving average of $331.83.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.09. Visa had a return on equity of 67.68% and a net margin of 50.78%.The company had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.40 billion. During the same quarter last year, the company posted $2.98 earnings per share. The business's quarterly revenue was up 14.4% compared to the same quarter last year. As a group, analysts expect that Visa Inc. will post 13.16 earnings per share for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $2.68 annualized dividend and a yield of 0.7%. Visa's payout ratio is 22.79%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on V shares. Raymond James Financial restated an "outperform" rating and issued a $406.00 price target on shares of Visa in a research note on Wednesday, July 29th. Weiss Ratings upgraded Visa from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, July 30th. Wolfe Research reissued an "outperform" rating and set a $460.00 target price (up from $435.00) on shares of Visa in a research report on Tuesday, August 25th. Clear Str upgraded Visa to a "strong-buy" rating in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $466.00 price target (up from $412.00) on shares of Visa in a report on Monday. Seven research analysts have rated the stock with a Strong Buy rating and twenty-four have assigned a Buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $416.62.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world's largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa's network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa's product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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