Birch Hill Investment Advisors LLC Sells 74 Shares of Visa Inc. $V

Birch Hill Investment Advisors LLC lowered its position in Visa Inc. (NYSE:V) by 0.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,045 shares of the credit-card processor’s stock after selling 74 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in Visa were worth $3,212,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of Visa by 50.1% during the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock worth $6,522,000 after buying an additional 6,883 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Visa by 68.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock worth $3,733,000 after buying an additional 4,817 shares during the period. GAMMA Investing LLC lifted its position in shares of Visa by 9.9% during the 1st quarter. GAMMA Investing LLC now owns 42,120 shares of the credit-card processor’s stock worth $14,761,000 after buying an additional 3,795 shares during the period. Golden State Wealth Management LLC lifted its position in shares of Visa by 123.8% during the 1st quarter. Golden State Wealth Management LLC now owns 17,239 shares of the credit-card processor’s stock worth $6,047,000 after buying an additional 9,535 shares during the period. Finally, Alpine Bank Wealth Management bought a new position in shares of Visa during the 1st quarter worth approximately $656,000. Institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on V shares. Raymond James Financial restated an “outperform” rating on shares of Visa in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft started coverage on Visa in a research report on Thursday, July 17th. They set a “buy” rating and a $410.00 target price for the company. Wells Fargo & Company upgraded Visa to a “strong-buy” rating in a research report on Wednesday. Morgan Stanley raised their target price on Visa from $386.00 to $402.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Finally, Barclays reaffirmed an “overweight” rating and set a $408.00 price target (up from $396.00) on shares of Visa in a report on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $392.75.

Insider Buying and Selling at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the sale, the general counsel directly owned 11,925 shares of the company’s stock, valued at approximately $4,102,438.50. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total value of $3,589,015.50. Following the completion of the sale, the chief executive officer directly owned 537 shares of the company’s stock, valued at $183,815.10. This trade represents a 95.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Visa Trading Up 0.4%

V stock opened at $347.34 on Friday. The business has a fifty day moving average price of $344.79 and a 200 day moving average price of $347.60. Visa Inc. has a fifty-two week low of $280.78 and a fifty-two week high of $375.51. The stock has a market capitalization of $636.60 billion, a price-to-earnings ratio of 33.92, a P/E/G ratio of 2.05 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V) last released its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, beating the consensus estimate of $2.85 by $0.13. The company had revenue of $10.17 billion during the quarter, compared to analysts’ expectations of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the firm earned $2.42 EPS. Analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa’s dividend payout ratio (DPR) is 23.05%.

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.