Stableford Capital II LLC Has $5.59 Million Position in Visa Inc. (NYSE:V)

Stableford Capital II LLC trimmed its position in shares of Visa Inc. (NYSE:VGet Rating) by 1.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 25,873 shares of the credit-card processor’s stock after selling 430 shares during the quarter. Visa comprises 2.4% of Stableford Capital II LLC’s holdings, making the stock its 10th biggest holding. Stableford Capital II LLC’s holdings in Visa were worth $5,592,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Veriti Management LLC grew its holdings in Visa by 6.1% during the first quarter. Veriti Management LLC now owns 31,320 shares of the credit-card processor’s stock valued at $6,946,000 after purchasing an additional 1,805 shares during the period. Sanders Morris Harris LLC grew its holdings in Visa by 1.4% during the first quarter. Sanders Morris Harris LLC now owns 9,040 shares of the credit-card processor’s stock valued at $2,005,000 after purchasing an additional 125 shares during the period. 360 Financial Inc. grew its holdings in Visa by 6.2% during the first quarter. 360 Financial Inc. now owns 3,810 shares of the credit-card processor’s stock valued at $868,000 after purchasing an additional 222 shares during the period. Orser Capital Management LLC bought a new position in Visa during the first quarter valued at $231,000. Finally, Addison Capital Co boosted its holdings in shares of Visa by 52.7% in the first quarter. Addison Capital Co now owns 4,078 shares of the credit-card processor’s stock worth $904,000 after acquiring an additional 1,408 shares during the period. 80.77% of the stock is owned by institutional investors and hedge funds.

NYSE V opened at $193.82 on Thursday. The stock’s 50-day simple moving average is $205.14 and its two-hundred day simple moving average is $212.24. Visa Inc. has a twelve month low of $185.91 and a twelve month high of $252.67. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $368.51 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 1.62 and a beta of 0.90.

Visa (NYSE:VGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The credit-card processor reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.14. Visa had a return on equity of 42.89% and a net margin of 51.10%. The business had revenue of $7.19 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter last year, the business posted $1.38 earnings per share. The company’s revenue for the quarter was up 25.5% on a year-over-year basis. On average, equities analysts expect that Visa Inc. will post 7.16 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th were issued a $0.375 dividend. The ex-dividend date of this dividend was Thursday, May 12th. This represents a $1.50 annualized dividend and a dividend yield of 0.77%. Visa’s dividend payout ratio is currently 23.58%.

V has been the subject of a number of analyst reports. Cowen cut their price target on Visa from $276.00 to $254.00 and set an “outperform” rating for the company in a report on Wednesday, April 27th. Morgan Stanley raised their price target on Visa from $279.00 to $284.00 in a report on Wednesday, April 27th. Piper Sandler lowered Visa from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $283.00 to $239.00 in a report on Friday, April 29th. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a report on Thursday, April 28th. Finally, Citigroup cut their price target on Visa from $285.00 to $265.00 in a report on Monday, April 25th. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $267.44.

In other news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of Visa stock in a transaction dated Thursday, March 31st. The stock was sold at an average price of $223.91, for a total value of $2,015,190.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President Ryan Mcinerney sold 6,467 shares of Visa stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $223.65, for a total value of $1,446,344.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,933 shares of company stock worth $8,745,055. Company insiders own 0.21% of the company’s stock.

About Visa (Get Rating)

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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