Visa Inc. (V) is Nepsis Capital Management Inc.’s 7th Largest Position
Nepsis Capital Management Inc. lowered its holdings in Visa Inc. (NYSE:V) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,479 shares of the credit-card processor’s stock after selling 1,789 shares during the quarter. Visa accounts for about 3.3% of Nepsis Capital Management Inc.’s investment portfolio, making the stock its 7th biggest holding. Nepsis Capital Management Inc.’s holdings in Visa were worth $6,891,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. Clearbridge Investments LLC grew its holdings in shares of Visa by 41.4% in the first quarter. Clearbridge Investments LLC now owns 9,145,672 shares of the credit-card processor’s stock worth $812,776,000 after acquiring an additional 2,677,533 shares during the period. Swiss National Bank grew its holdings in shares of Visa by 23.2% in the first quarter. Swiss National Bank now owns 7,360,428 shares of the credit-card processor’s stock worth $654,121,000 after acquiring an additional 1,388,200 shares during the period. Akre Capital Management LLC grew its holdings in shares of Visa by 35.0% in the first quarter. Akre Capital Management LLC now owns 4,889,020 shares of the credit-card processor’s stock worth $434,487,000 after acquiring an additional 1,267,080 shares during the period. Karp Capital Management Corp grew its holdings in shares of Visa by 3,256.5% in the first quarter. Karp Capital Management Corp now owns 970,495 shares of the credit-card processor’s stock worth $86,248,000 after acquiring an additional 941,581 shares during the period. Finally, MUFG Securities EMEA plc grew its holdings in shares of Visa by 7.0% in the first quarter. MUFG Securities EMEA plc now owns 11,768,474 shares of the credit-card processor’s stock worth $1,045,864,000 after acquiring an additional 775,000 shares during the period. Hedge funds and other institutional investors own 81.68% of the company’s stock.
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Visa (NYSE:V) last posted its quarterly earnings data 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 company 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 EPS. Visa’s revenue was up 25.8% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Wednesday, August 16th. Visa’s dividend payout ratio is currently 24.54%.
Several analysts recently commented on V shares. Oppenheimer Holdings, Inc. lifted their price objective on Visa from $100.00 to $106.00 in a report on Tuesday, July 18th. Vetr raised Visa from a “hold” rating to a “buy” rating and set a $100.12 price objective for the company in a report on Tuesday, June 27th. Mizuho started coverage on Visa in a report on Tuesday, June 27th. They issued a “buy” rating and a $115.00 price objective for the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $104.00 price objective on shares of Visa in a report on Sunday, June 25th. Finally, BidaskClub lowered Visa from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Four investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $106.42.
In other news, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total transaction of $1,074,528.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Tullier Kelly Mahon sold 29,772 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now 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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