Fundsmith Investment Services LTD. Has $3.71 Million Position in Visa Inc. (NYSE:V)

Fundsmith Investment Services LTD. increased its position in Visa Inc. (NYSE:VGet Rating) by 36.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,140 shares of the credit-card processor’s stock after purchasing an additional 4,604 shares during the quarter. Visa accounts for 2.0% of Fundsmith Investment Services LTD.’s portfolio, making the stock its 29th biggest holding. Fundsmith Investment Services LTD.’s holdings in Visa were worth $3,714,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Outfitter Financial LLC bought a new position in Visa in the 4th quarter valued at about $27,000. Cranbrook Wealth Management LLC lifted its position in Visa by 236.8% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 128 shares of the credit-card processor’s stock valued at $29,000 after acquiring an additional 90 shares in the last quarter. Blue Bell Private Wealth Management LLC bought a new position in Visa in the 4th quarter valued at about $32,000. Disciplined Investments LLC lifted its position in Visa by 500.0% in the 4th quarter. Disciplined Investments LLC now owns 168 shares of the credit-card processor’s stock valued at $36,000 after acquiring an additional 140 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. lifted its position in Visa by 50.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 168 shares of the credit-card processor’s stock valued at $36,000 after acquiring an additional 56 shares in the last quarter. Institutional investors own 80.77% of the company’s stock.

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company’s stock in a transaction on Friday, April 29th. The shares were sold at an average price of $218.62, for a total value of $1,967,580.00. Following the completion of the transaction, the chief executive officer now directly owns 165,887 shares in the company, valued at $36,266,215.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Ryan Mcinerney sold 6,467 shares of the company’s stock in a transaction on Friday, April 1st. The stock was sold at an average price of $223.65, for a total transaction of $1,446,344.55. The disclosure for this sale can be found here. Insiders have sold a total of 41,047 shares of company stock valued at $9,030,622 over the last 90 days. Company insiders own 0.21% of the company’s stock.

Several equities analysts recently weighed in on the stock. raised shares of Visa to a “buy” rating in a research report on Wednesday, February 9th. Piper Sandler cut shares of Visa from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $283.00 to $239.00 in a research report on Friday, April 29th. Cowen dropped their target price on shares of Visa from $276.00 to $254.00 in a research report on Wednesday, April 27th. The Goldman Sachs Group assumed coverage on shares of Visa in a research report on Tuesday, May 17th. They set a “buy” rating and a $282.00 target price on the stock. Finally, Morgan Stanley lifted their target price on shares of Visa from $279.00 to $284.00 in a research report on Wednesday, April 27th. Six equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $265.88.

Visa stock traded down $4.90 during mid-day trading on Tuesday, reaching $202.66. The company’s stock had a trading volume of 388,016 shares, compared to its average volume of 8,908,297. Visa Inc. has a 12-month low of $186.67 and a 12-month high of $252.67. The company has a market capitalization of $385.31 billion, a P/E ratio of 31.85, a PEG ratio of 1.68 and a beta of 0.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The firm’s fifty day moving average price is $211.93 and its two-hundred day moving average price is $212.45.

Visa (NYSE:VGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The credit-card processor reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.14. The business had revenue of $7.19 billion during the quarter, compared to analyst estimates of $6.82 billion. Visa had a net margin of 51.10% and a return on equity of 42.89%. Visa’s revenue was up 25.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.38 EPS. On average, research analysts predict that Visa Inc. will post 7.15 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, May 12th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.74%. Visa’s dividend payout ratio (DPR) is currently 23.58%.

Visa Profile (Get Rating)

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

Featured Stories

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:VGet Rating).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.