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

Little House Capital LLC lowered its holdings in shares of Visa Inc. (NYSE:V) by 3.3% in the 1st 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 quarter. Visa makes up 1.2% of Little House Capital LLC’s portfolio, making the stock its 25th biggest holding. Little House Capital LLC’s holdings in Visa were worth $3,717,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its holdings in shares of Visa by 2.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 14,229,004 shares of the credit-card processor’s stock valued at $3,272,846,000 after acquiring an additional 374,489 shares during the last quarter. Altarock Partners LLC grew its position in Visa by 4.9% in the 3rd quarter. Altarock Partners LLC now owns 2,078,020 shares of the credit-card processor’s stock valued at $477,965,000 after acquiring an additional 96,744 shares during the last quarter. Alps Advisors Inc. lifted its position in shares of Visa by 76.7% during the third quarter. Alps Advisors Inc. now owns 114,241 shares of the credit-card processor’s stock worth $26,277,000 after purchasing an additional 49,598 shares during the last quarter. 140 Summer Partners LP boosted its stake in shares of Visa by 12.6% during the third quarter. 140 Summer Partners LP now owns 242,100 shares of the credit-card processor’s stock valued at $55,685,000 after purchasing an additional 27,100 shares during the period. Finally, Evergreen Capital Management LLC grew its holdings in shares of Visa by 1.3% in the third quarter. Evergreen Capital Management LLC now owns 19,789 shares of the credit-card processor’s stock worth $4,552,000 after purchasing an additional 251 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Visa Trading Down 0.1 %

Visa stock traded down $0.32 during midday trading on Monday, reaching $262.15. 4,681,447 shares of the stock traded hands, compared to its average volume of 6,792,443. The firm has a market cap of $479.46 billion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 1.80 and a beta of 0.95. 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 company 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 12-month low of $227.68 and a 12-month high of $290.96.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share 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 business had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same quarter in the prior year, the company earned $2.09 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. Research analysts expect that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Thursday, May 16th. Visa’s dividend payout ratio (DPR) is 23.24%.

Analyst Ratings Changes

V has been the subject of several research reports. Mizuho upped their target price on Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. William Blair restated an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. Piper Sandler initiated coverage on shares of Visa in a research report on Monday, May 13th. They issued an “overweight” rating and a $322.00 price target for the company. Royal Bank of Canada boosted their price target on Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Finally, Robert W. Baird boosted their price objective on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $303.56.

About Visa

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.