Osborne Partners Capital Management LLC Purchases 59 Shares of Visa Inc. (V)
Osborne Partners Capital Management LLC boosted its position in Visa Inc. (NYSE:V) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,100 shares of the credit-card processor’s stock after buying an additional 59 shares during the period. Osborne Partners Capital Management LLC’s holdings in Visa were worth $1,322,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its stake in shares of Visa by 12.6% in the first quarter. Private Trust Co. NA now owns 36,990 shares of the credit-card processor’s stock worth $3,287,000 after buying an additional 4,138 shares in the last quarter. Achmea Investment Management B.V. bought a new stake in shares of Visa during the first quarter worth about $7,938,000. DE Burlo Group Inc. boosted its stake in shares of Visa by 65.9% in the first quarter. DE Burlo Group Inc. now owns 145,000 shares of the credit-card processor’s stock worth $12,886,000 after buying an additional 57,600 shares in the last quarter. Peoples Financial Services CORP. boosted its stake in shares of Visa by 1.2% in the first quarter. Peoples Financial Services CORP. now owns 77,658 shares of the credit-card processor’s stock worth $6,902,000 after buying an additional 920 shares in the last quarter. Finally, British Airways Pensions Investment Management Ltd boosted its stake in shares of Visa by 100.4% in the first quarter. British Airways Pensions Investment Management Ltd now owns 658,038 shares of the credit-card processor’s stock worth $58,449,000 after buying an additional 329,750 shares in the last quarter. 81.74% of the stock is owned by hedge funds and other institutional investors.
Visa Inc. (NYSE:V) traded down 0.130% during mid-day trading on Wednesday, reaching $103.635. The company had a trading volume of 2,400,528 shares. Visa Inc. has a 12-month low of $75.17 and a 12-month high of $104.20. The stock has a market capitalization of $236.95 billion, a P/E ratio of 38.540 and a beta of 0.94. The stock has a 50 day moving average price of $100.00 and a 200-day moving average price of $93.46.
Visa (NYSE:V) last issued its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.05. Visa had a return on equity of 30.95% and a net margin of 36.53%. The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the previous year, the firm posted $0.69 earnings per share. The business’s revenue was up 25.8% compared to the same quarter last year. Equities analysts anticipate that Visa Inc. will post $3.43 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.64%. Visa’s dividend payout ratio (DPR) is 24.54%.
V has been the topic of a number of research analyst reports. Citigroup Inc. restated a “buy” rating and issued a $100.00 price target on shares of Visa in a research note on Thursday, May 25th. UBS AG restated an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. Vetr cut Visa from a “hold” rating to a “sell” rating and set a $92.84 price target on the stock. in a research note on Monday, June 5th. Deutsche Bank AG increased their price target on Visa from $124.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 10th. Finally, Nomura increased their price target on Visa from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the stock. Visa currently has a consensus rating of “Buy” and an average target price of $104.76.
In other news, Director Mary B. Cranston sold 10,400 shares of Visa stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Tullier Kelly Mahon sold 29,772 shares of Visa stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $100.91, for a total value of $3,004,292.52. Following the completion of the sale, the executive vice president now directly owns 17,360 shares in the company, valued at $1,751,797.60. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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