Jackson Hole Capital Partners LLC Acquires 151 Shares of Visa Inc. (NYSE:V)

Jackson Hole Capital Partners LLC lifted its holdings in Visa Inc. (NYSE:V) by 1.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,588 shares of the credit-card processor’s stock after buying an additional 151 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in Visa were worth $3,360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in V. von Borstel & Associates Inc. bought a new stake in shares of Visa in the 1st quarter valued at about $27,000. Sellwood Investment Partners LLC bought a new stake in shares of Visa in the 4th quarter valued at about $41,000. Measured Risk Portfolios Inc. bought a new stake in shares of Visa in the 4th quarter valued at about $47,000. O Brien Wealth Partners LLC bought a new stake in Visa during the 1st quarter worth approximately $54,000. Finally, Global X Japan Co. Ltd. bought a new stake in Visa during the 1st quarter worth approximately $56,000. 82.15% of the stock is owned by institutional investors.

Insider Transactions at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the sale, the general counsel owned 11,925 shares of the company’s stock, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer owned 537 shares of the company’s stock, valued at $190,001.34. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,108 shares of company stock valued at $36,771,200 over the last 90 days. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on V. Wall Street Zen raised Visa from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Deutsche Bank Aktiengesellschaft began coverage on Visa in a report on Thursday, July 17th. They issued a “buy” rating and a $410.00 price objective for the company. Oppenheimer increased their price objective on Visa from $390.00 to $391.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Citigroup began coverage on Visa in a report on Monday, June 2nd. They issued a “buy” rating for the company. Finally, BMO Capital Markets increased their price target on Visa from $370.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $375.52.

Visa Trading Up 0.5%

V traded up $1.64 on Thursday, hitting $356.93. 1,014,389 shares of the company were exchanged, compared to its average volume of 6,560,386. The firm has a fifty day simple moving average of $356.62 and a two-hundred day simple moving average of $344.40. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $375.51. The stock has a market capitalization of $658.59 billion, a PE ratio of 35.84, a price-to-earnings-growth ratio of 2.38 and a beta of 0.92.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a return on equity of 56.28% and a net margin of 52.86%. The company had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period in the previous year, the company posted $2.51 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. Sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Tuesday, May 13th. Visa’s dividend payout ratio (DPR) is 23.72%.

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.