Little House Capital LLC Cuts Stake in Visa Inc. (NYSE:V)

Little House Capital LLC reduced its position in Visa Inc. (NYSE:V) by 3.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,320 shares of the credit-card processor’s stock after selling 459 shares during the period. Visa accounts for about 1.2% of Little House Capital LLC’s investment portfolio, making the stock its 25th biggest position. Little House Capital LLC’s holdings in Visa were worth $3,717,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Horizon Wealth Management LLC lifted its holdings in shares of Visa by 20.9% in the 1st quarter. Horizon Wealth Management LLC now owns 1,404 shares of the credit-card processor’s stock worth $392,000 after acquiring an additional 243 shares during the last quarter. Golden Road Advisors LLC bought a new stake in Visa in the first quarter worth about $202,000. Diversified Trust Co boosted its position in shares of Visa by 11.3% during the first quarter. Diversified Trust Co now owns 69,754 shares of the credit-card processor’s stock valued at $19,467,000 after buying an additional 7,106 shares during the period. Skyline Advisors Inc. grew its stake in shares of Visa by 22.4% during the first quarter. Skyline Advisors Inc. now owns 1,357 shares of the credit-card processor’s stock valued at $379,000 after buying an additional 248 shares during the last quarter. Finally, Aviance Capital Partners LLC raised its holdings in shares of Visa by 28.1% in the first quarter. Aviance Capital Partners LLC now owns 21,474 shares of the credit-card processor’s stock worth $5,993,000 after buying an additional 4,715 shares during the period. 82.15% of the stock is owned by institutional investors.

Insider Transactions at Visa

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

Analysts Set New Price Targets

V has been the topic of several research analyst reports. Macquarie increased their price objective on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Robert W. Baird raised their price target on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. UBS Group upped their target price on Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Mizuho raised their price target on Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Finally, Oppenheimer increased their price objective on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average target price of $303.56.

Visa Stock Down 0.1 %

Shares of NYSE V traded down $0.32 during mid-day trading on Monday, reaching $262.15. The company had a trading volume of 4,681,447 shares, compared to its average volume of 6,792,443. The firm has a 50 day simple moving average of $273.88 and a two-hundred day simple moving average of $273.58. Visa Inc. has a 52-week low of $227.68 and a 52-week 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 stock has a market cap of $479.46 billion, a P/E ratio of 29.23, a PEG ratio of 1.80 and a beta of 0.95.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter last year, the business posted $2.09 EPS. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. Sell-side analysts predict 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. Stockholders of record on Friday, May 17th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s payout ratio is 23.24%.

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.