Sulzberger Capital Advisors Inc. Raises Stake in Visa Inc. (NYSE:V)

Sulzberger Capital Advisors Inc. boosted its holdings in Visa Inc. (NYSE:V) by 4.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 811 shares of the credit-card processor’s stock after purchasing an additional 38 shares during the quarter. Sulzberger Capital Advisors Inc.’s holdings in Visa were worth $284,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in V. Capital & Planning LLC increased its holdings in shares of Visa by 21.2% during the fourth quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor’s stock valued at $300,000 after acquiring an additional 166 shares in the last quarter. Sovereign Investment Advisors LLC purchased a new stake in Visa during the 4th quarter valued at about $424,000. Brighton Jones LLC increased its stake in Visa by 50.1% during 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 in the last quarter. Union Bancaire Privee UBP SA purchased a new position in Visa in the fourth quarter worth about $202,074,000. Finally, Revolve Wealth Partners LLC raised its holdings in Visa by 68.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock worth $3,733,000 after buying an additional 4,817 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 46,214 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the transaction, the insider now directly owns 26,413 shares in the company, valued at $9,772,810. This represents a 63.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $2,978,899.60. Following the completion of the sale, the chief executive officer now directly owns 537 shares of the company’s stock, valued at approximately $185,576.46. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 168,162 shares of company stock worth $58,645,479. Corporate insiders own 0.13% of the company’s stock.

Visa Stock Performance

V opened at $370.44 on Friday. The company’s 50 day moving average is $345.45 and its 200 day moving average is $335.50. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market cap of $683.52 billion, a price-to-earnings ratio of 37.34, a PEG ratio of 2.33 and a beta of 0.96. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $371.00.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same period last year, the firm earned $2.51 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities research analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.64%. Visa’s dividend payout ratio is currently 23.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Susquehanna reiterated a “positive” rating on shares of Visa in a report on Friday, March 21st. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Wednesday, April 30th. Oppenheimer reissued an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Citigroup began coverage on Visa in a report on Monday. They set a “buy” rating on the stock. Finally, BMO Capital Markets lifted their price objective on Visa from $370.00 to $380.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $372.80.

Visa Company Profile

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.