Visa Inc. (NYSE:V) is Lakehouse Capital Pty Ltd’s 6th Largest Position

Lakehouse Capital Pty Ltd lowered its position in shares of Visa Inc. (NYSE:V) by 20.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 36,289 shares of the credit-card processor’s stock after selling 9,403 shares during the quarter. Visa accounts for about 7.9% of Lakehouse Capital Pty Ltd’s holdings, making the stock its 6th biggest holding. Lakehouse Capital Pty Ltd’s holdings in Visa were worth $10,128,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Visa during the 4th quarter valued at about $3,895,015,000. International Assets Investment Management LLC lifted its stake in shares of Visa by 17,418.7% in the 4th quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock valued at $1,233,338,000 after purchasing an additional 4,710,188 shares during the period. Public Employees Retirement Association of Colorado boosted its position in shares of Visa by 14,306.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,500,270 shares of the credit-card processor’s stock valued at $390,595,000 after purchasing an additional 1,489,856 shares in the last quarter. Capital World Investors raised its holdings in Visa by 8.0% in the fourth quarter. Capital World Investors now owns 17,895,788 shares of the credit-card processor’s stock worth $4,659,169,000 after purchasing an additional 1,323,238 shares in the last quarter. Finally, Capital Research Global Investors grew its position in shares of Visa by 139.4% in the 4th quarter. Capital Research Global Investors now owns 2,185,077 shares of the credit-card processor’s stock worth $568,885,000 after buying an additional 1,272,211 shares during the period. 82.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on V. Robert W. Baird lifted their price target on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Macquarie lifted their target price on shares of Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Evercore ISI upped their price target on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. UBS Group raised their price objective on Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Wedbush boosted their target price on Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and an average price target of $303.76.

Visa Price Performance

Shares of V opened at $275.22 on Friday. The firm has a market cap of $503.36 billion, a PE ratio of 30.75, a P/E/G ratio of 1.89 and a beta of 0.97. Visa Inc. has a 1-year low of $225.50 and a 1-year high of $290.96. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $273.97 and a two-hundred day simple moving average of $273.01.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The business had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same period last year, the firm posted $2.09 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities analysts anticipate that Visa Inc. will post 9.94 EPS for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Thursday, May 16th. Visa’s payout ratio is 23.24%.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the transaction, the insider now owns 17,894 shares in the company, valued at $4,959,322.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,402 shares of company stock worth $9,559,382. 0.19% of the stock is owned by company insiders.

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.