Eagle Capital Management LLC Sells 110 Shares of Visa Inc. (NYSE:V)

Eagle Capital Management LLC decreased its position in Visa Inc. (NYSE:V) by 0.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,147 shares of the credit-card processor’s stock after selling 110 shares during the quarter. Visa accounts for 3.3% of Eagle Capital Management LLC’s portfolio, making the stock its 11th largest position. Eagle Capital Management LLC’s holdings in Visa were worth $7,297,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its position in Visa by 2.7% in the third quarter. Ameriprise Financial Inc. now owns 14,229,004 shares of the credit-card processor’s stock valued at $3,272,846,000 after purchasing an additional 374,489 shares during the last quarter. Altarock Partners LLC increased its stake in shares of Visa by 4.9% during the third quarter. Altarock Partners LLC now owns 2,078,020 shares of the credit-card processor’s stock valued at $477,965,000 after buying an additional 96,744 shares during the period. Alps Advisors Inc. increased its stake in shares of Visa by 76.7% during the third quarter. Alps Advisors Inc. now owns 114,241 shares of the credit-card processor’s stock valued at $26,277,000 after buying an additional 49,598 shares during the period. 140 Summer Partners LP increased its stake in shares of Visa by 12.6% during the third quarter. 140 Summer Partners LP now owns 242,100 shares of the credit-card processor’s stock valued at $55,685,000 after buying an additional 27,100 shares during the period. Finally, Evergreen Capital Management LLC increased its stake in shares of Visa by 1.3% during the third quarter. Evergreen Capital Management LLC now owns 19,789 shares of the credit-card processor’s stock valued at $4,552,000 after buying an additional 251 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Stock Up 1.9 %

V stock opened at $268.16 on Wednesday. Visa Inc. has a fifty-two week low of $227.68 and a fifty-two week high of $290.96. The business’s 50-day moving average is $273.70 and its two-hundred day moving average is $273.61. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $490.45 billion, a price-to-earnings ratio of 29.96, a P/E/G ratio of 1.80 and a beta of 0.95.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter in the prior year, the company earned $2.09 earnings per share. Visa’s revenue was up 9.9% on a year-over-year basis. As a group, analysts forecast that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Thursday, May 16th. Visa’s dividend payout ratio is 23.24%.

Insider Transactions at Visa

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 value of $7,009,954.95. Following the transaction, the insider now owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Lloyd Carney sold 909 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares in the company, valued at $713,950.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the sale, the insider now owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Citigroup boosted their target price on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Royal Bank of Canada upped their price target on Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Macquarie upped their price target on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. TD Cowen began coverage on Visa in a research note on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target on the stock. Finally, Oppenheimer upped their price target on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $303.56.

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.