Visa Inc. (V) Shares Sold by HM Payson & Co.

HM Payson & Co. cut its position in Visa Inc. (NYSE:V) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 203,282 shares of the credit-card processor’s stock after selling 742 shares during the quarter. HM Payson & Co.’s holdings in Visa were worth $19,064,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wetherby Asset Management Inc. lifted its position in Visa by 7.3% during the 1st quarter. Wetherby Asset Management Inc. now owns 38,429 shares of the credit-card processor’s stock worth $3,415,000 after acquiring an additional 2,622 shares during the period. Perennial Advisors LLC lifted its position in Visa by 5.8% during the 1st quarter. Perennial Advisors LLC now owns 28,967 shares of the credit-card processor’s stock worth $2,574,000 after acquiring an additional 1,598 shares during the period. LA Financiere DE L Echiquier lifted its position in Visa by 10.0% during the 1st quarter. LA Financiere DE L Echiquier now owns 77,000 shares of the credit-card processor’s stock worth $6,843,000 after acquiring an additional 7,000 shares during the period. Sumitomo Mitsui Asset Management Company LTD lifted its position in Visa by 7.1% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 545,239 shares of the credit-card processor’s stock worth $48,455,000 after acquiring an additional 36,145 shares during the period. Finally, Beaumont Financial Partners LLC lifted its position in Visa by 3.0% during the 1st quarter. Beaumont Financial Partners LLC now owns 152,888 shares of the credit-card processor’s stock worth $13,587,000 after acquiring an additional 4,448 shares during the period. 81.75% of the stock is owned by hedge funds and other institutional investors.

Visa (NYSE:V) last announced its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.05. Visa had a net margin of 36.49% and a return on equity of 31.80%. The company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same period in the previous year, the business earned $0.78 EPS. The company’s revenue was up 13.9% on a year-over-year basis.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.195 per share. This is an increase from Visa’s previous quarterly dividend of $0.17. This represents a $0.78 annualized dividend and a yield of 0.71%. The ex-dividend date is Thursday, November 16th. Visa’s payout ratio is 23.57%.

In other Visa news, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.14% of the stock is owned by insiders.

V has been the subject of a number of recent research reports. Wells Fargo & Company raised Visa from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $107.01 to $120.00 in a research report on Tuesday, October 10th. UBS AG reaffirmed an “overweight” rating on shares of Visa in a research report on Thursday, August 24th. Deutsche Bank AG increased their price objective on Visa from $124.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 10th. KeyCorp reaffirmed a “buy” rating and set a $118.00 price objective on shares of Visa in a research report on Wednesday, October 18th. Finally, Barclays PLC increased their price objective on Visa from $114.00 to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. Four research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $116.01.

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Visa Company Profile

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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Institutional Ownership by Quarter for Visa (NYSE:V)

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