Sunbeam Capital Management LLC Acquires New Stake in Visa Inc. (NYSE:V)

Sunbeam Capital Management LLC bought a new position in Visa Inc. (NYSE:V) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,155 shares of the credit-card processor’s stock, valued at approximately $365,000. Visa makes up approximately 0.8% of Sunbeam Capital Management LLC’s portfolio, making the stock its 28th biggest holding.

A number of other institutional investors have also recently modified their holdings of V. Bradley & Co. Private Wealth Management LLC purchased a new stake in Visa during the 4th quarter valued at about $27,000. POM Investment Strategies LLC lifted its stake in shares of Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after buying an additional 32 shares in the last quarter. Compass Planning Associates Inc purchased a new stake in shares of Visa during the fourth quarter valued at approximately $32,000. NewSquare Capital LLC bought a new stake in shares of Visa during the fourth quarter valued at approximately $35,000. Finally, FPC Investment Advisory Inc. raised its holdings in Visa by 377.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock worth $36,000 after acquiring an additional 83 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Down 1.1%

NYSE V opened at $354.04 on Friday. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $369.15. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $653.27 billion, a P/E ratio of 35.69, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The stock’s 50-day moving average price is $341.47 and its 200-day moving average price is $331.75.

Visa (NYSE:V) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. The company had revenue of $9.59 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.51 EPS. On average, equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. Visa’s payout ratio is 23.72%.

Analysts Set New Price Targets

V has been the topic of several analyst reports. Oppenheimer reaffirmed an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. Raymond James reaffirmed an “outperform” rating and set a $393.00 price objective (up from $374.00) on shares of Visa in a research report on Friday, January 31st. UBS Group reduced their price objective on Visa from $400.00 to $395.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Finally, Wells Fargo & Company lifted their price target on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $362.38.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the sale, the insider now owns 26,413 shares in the company, valued at $8,991,249.33. The trade was a 59.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the transaction, the chief executive officer now directly owns 537 shares of the company’s stock, valued at $194,931. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 121,948 shares of company stock worth $41,548,282. 0.13% of the stock is owned by corporate insiders.

Visa 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.