Visa Inc. $V Shares Purchased by Talbot Financial LLC

Key Points

• Talbot Financial LLC increased its stake in Visa Inc. by 17.7% during the second quarter, acquiring an additional 9,456 shares, which now represent about 2.1% of its investment portfolio.
• Visa's latest earnings report revealed an EPS of $2.98, surpassing expectations, with revenue of $10.17 billion reflecting a 14.3% year-over-year increase.
• The company announced a quarterly dividend of $0.59 per share, contributing to a 0.7% yield with a dividend payout ratio of 23.05%.

Talbot Financial LLC boosted its position in Visa Inc. (NYSE:V - Free Report) by 17.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 62,847 shares of the credit-card processor's stock after purchasing an additional 9,456 shares during the quarter. Visa comprises approximately 2.1% of Talbot Financial LLC's investment portfolio, making the stock its 11th largest position. Talbot Financial LLC's holdings in Visa were worth $22,314,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Keystone Global Partners LLC purchased a new stake in Visa in the 1st quarter valued at $26,000. von Borstel & Associates Inc. purchased a new stake in Visa in the 1st quarter valued at $27,000. Family Legacy Financial Solutions LLC purchased a new stake in Visa in the 2nd quarter valued at $28,000. Cranbrook Wealth Management LLC grew its holdings in Visa by 82.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor's stock valued at $32,000 after buying an additional 41 shares in the last quarter. Finally, 1 North Wealth Services LLC purchased a new position in shares of Visa during the 1st quarter worth $38,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Performance

Shares of Visa stock opened at $351.96 on Wednesday. The business has a 50-day moving average of $343.65 and a 200 day moving average of $346.93. Visa Inc. has a 12 month low of $274.01 and a 12 month high of $375.51. The stock has a market capitalization of $645.06 billion, a price-to-earnings ratio of 34.37, a price-to-earnings-growth ratio of 2.07 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12.

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

Visa Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. UBS Group reiterated a "buy" rating and set a $415.00 price target (up from $405.00) on shares of Visa in a report on Wednesday, July 30th. Oppenheimer increased their price target on Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Erste Group Bank cut Visa from a "buy" rating to a "hold" rating in a report on Monday, September 22nd. Morgan Stanley increased their price target on Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Visa in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $389.00.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total value of $3,589,015.50. Following the sale, the chief executive officer owned 537 shares of the company's stock, valued at $183,815.10. This trade represents a 95.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the 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 completion of the sale, the general counsel directly owned 11,925 shares in the company, valued at $4,102,438.50. This represents a 14.53% decrease in their position. The disclosure for this sale can be found here. 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.

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