Visa Inc (NYSE:V) Shares Sold by Beaumont Financial Partners LLC

Beaumont Financial Partners LLC lowered its stake in shares of Visa Inc (NYSE:V) by 17.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,800 shares of the credit-card processor’s stock after selling 17,968 shares during the quarter. Visa makes up about 1.7% of Beaumont Financial Partners LLC’s investment portfolio, making the stock its 15th largest holding. Beaumont Financial Partners LLC’s holdings in Visa were worth $16,381,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Capital Investment Advisors LLC increased its holdings in Visa by 2.6% in the first quarter. Capital Investment Advisors LLC now owns 20,643 shares of the credit-card processor’s stock valued at $3,326,000 after buying an additional 528 shares during the last quarter. Roman Butler Fullerton & Co. bought a new stake in shares of Visa in the 1st quarter valued at approximately $211,000. Artemis Investment Management LLP increased its holdings in shares of Visa by 61.3% in the 1st quarter. Artemis Investment Management LLP now owns 905,168 shares of the credit-card processor’s stock valued at $145,958,000 after acquiring an additional 344,055 shares during the last quarter. Central Bank & Trust Co. raised its position in shares of Visa by 1.1% during the 1st quarter. Central Bank & Trust Co. now owns 55,300 shares of the credit-card processor’s stock valued at $9,597,000 after acquiring an additional 597 shares in the last quarter. Finally, Schwarz Dygos Wheeler Investment Advisors LLC lifted its stake in Visa by 7.1% during the first quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 6,353 shares of the credit-card processor’s stock worth $1,024,000 after purchasing an additional 422 shares during the last quarter. Institutional investors and hedge funds own 81.41% of the company’s stock.

V has been the topic of a number of recent research reports. Raymond James boosted their price target on shares of Visa from $204.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Citigroup lifted their price target on Visa from $205.00 to $223.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Wedbush raised their target price on Visa from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Wells Fargo & Co upped their price objective on shares of Visa from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Finally, BMO Capital Markets reduced their price target on shares of Visa from $234.00 to $213.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Seven analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $208.48.

In other news, Director Lloyd Carney sold 1,550 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $192.64, for a total transaction of $298,592.00. Following the completion of the sale, the director now owns 2,962 shares in the company, valued at approximately $570,599.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $195.00, for a total value of $1,365,000.00. Following the transaction, the chief executive officer now directly owns 130,090 shares in the company, valued at approximately $25,367,550. The disclosure for this sale can be found here. Insiders sold 51,979 shares of company stock valued at $10,045,346 over the last quarter. Corporate insiders own 0.19% of the company’s stock.

Visa stock traded up $0.98 during mid-day trading on Wednesday, hitting $197.77. The company’s stock had a trading volume of 11,549,600 shares, compared to its average volume of 10,845,498. Visa Inc has a 52-week low of $133.93 and a 52-week high of $214.17. The company has a market cap of $384.14 billion, a PE ratio of 37.67, a price-to-earnings-growth ratio of 3.00 and a beta of 0.88. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.55 and a quick ratio of 1.55. The firm’s 50 day moving average is $194.51 and its 200 day moving average is $186.73.

Visa (NYSE:V) last issued its earnings results on Tuesday, July 28th. The credit-card processor reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. Visa had a net margin of 51.37% and a return on equity of 40.65%. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same quarter last year, the business posted $1.37 EPS. The company’s revenue for the quarter was down 18.6% on a year-over-year basis. As a group, analysts forecast that Visa Inc will post 5 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Thursday, August 13th. Visa’s payout ratio is presently 22.06%.

About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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