Breed s Hill Capital LLC Raises Holdings in Visa Inc. $V

Breed s Hill Capital LLC increased its stake in shares of Visa Inc. (NYSE:V) by 25.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,040 shares of the credit-card processor’s stock after purchasing an additional 408 shares during the period. Breed s Hill Capital LLC’s holdings in Visa were worth $724,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Yeomans Consulting Group Inc. boosted its stake in shares of Visa by 2.9% during the first quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor’s stock valued at $360,000 after acquiring an additional 29 shares during the last quarter. Semus Wealth Partners LLC lifted its holdings in Visa by 0.8% in the 1st quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor’s stock valued at $1,209,000 after purchasing an additional 29 shares in the last quarter. BankPlus Wealth Management LLC boosted its stake in shares of Visa by 0.9% during the 2nd quarter. BankPlus Wealth Management LLC now owns 3,338 shares of the credit-card processor’s stock worth $1,185,000 after purchasing an additional 29 shares during the last quarter. Transcendent Capital Group LLC boosted its stake in shares of Visa by 2.9% during the 2nd quarter. Transcendent Capital Group LLC now owns 1,013 shares of the credit-card processor’s stock worth $360,000 after purchasing an additional 29 shares during the last quarter. Finally, Valued Retirements Inc. grew its holdings in shares of Visa by 4.3% during the first quarter. Valued Retirements Inc. now owns 728 shares of the credit-card processor’s stock worth $255,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Up 0.0%

Shares of V opened at $339.00 on Thursday. Visa Inc. has a twelve month low of $299.00 and a twelve month high of $375.51. The firm has a market capitalization of $621.32 billion, a P/E ratio of 33.20, a price-to-earnings-growth ratio of 2.05 and a beta of 0.87. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53. The stock’s fifty day simple moving average is $342.72 and its 200 day simple moving average is $348.78.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.01. The firm had revenue of $10.72 billion during the quarter, compared to the consensus estimate of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.71 earnings per share. On average, equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be given a dividend of $0.67 per share. This is a boost from Visa’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. Visa’s dividend payout ratio is currently 23.11%.

Insider Activity at Visa

In other news, Director Lloyd Carney sold 900 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total value of $302,832.00. Following the completion of the sale, the director owned 2,468 shares of the company’s stock, valued at $830,432.64. This represents a 26.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $341.00, for a total transaction of $3,575,385.00. Following the transaction, the chief executive officer owned 537 shares in the company, valued at $183,117. The trade was a 95.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 23,897 shares of company stock worth $8,164,561. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Raymond James Financial reissued an “outperform” rating and set a $408.00 price objective (up previously from $398.00) on shares of Visa in a research note on Wednesday, October 29th. Truist Financial reduced their price target on Visa from $400.00 to $397.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Citigroup upgraded Visa to a “strong-buy” rating in a report on Thursday, October 23rd. Robert W. Baird set a $425.00 target price on Visa in a research note on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Visa in a research report on Thursday, July 17th. They set a “buy” rating and a $410.00 target price on the stock. Four research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $400.00.

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.