Timber Creek Capital Management LLC Has $15.38 Million Stock Position in Visa Inc. $V

Timber Creek Capital Management LLC cut its holdings in shares of Visa Inc. (NYSE:V) by 1.3% during the second quarter, HoldingsChannel.com reports. The firm owned 45,567 shares of the credit-card processor’s stock after selling 600 shares during the quarter. Visa makes up 3.9% of Timber Creek Capital Management LLC’s portfolio, making the stock its 3rd biggest position. Timber Creek Capital Management LLC’s holdings in Visa were worth $15,376,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Keystone Global Partners LLC bought a new position in Visa in the first quarter valued at approximately $26,000. Family Legacy Financial Solutions LLC bought a new stake in shares of Visa during the 2nd quarter valued at $28,000. Harbor Asset Planning Inc. acquired a new position in shares of Visa in the 2nd quarter valued at $29,000. Cranbrook Wealth Management LLC lifted its stake in shares of Visa by 82.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock valued at $32,000 after purchasing an additional 41 shares during the period. Finally, Hoese & Co LLP bought a new position in shares of Visa in the 2nd quarter worth $36,000. Institutional investors own 82.15% of the company’s stock.

Visa Trading Up 0.1%

Shares of NYSE:V opened at $328.37 on Tuesday. The firm has a market cap of $598.20 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 1.94 and a beta of 0.87. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.53. Visa Inc. has a 12 month low of $299.00 and a 12 month high of $375.51. The company’s fifty day simple moving average is $340.25 and its 200 day simple moving average is $347.74.

Visa (NYSE:V) last released its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.01. Visa had a return on equity of 60.31% and a net margin of 50.15%.The business had revenue of $10.72 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the previous year, the business earned $2.71 earnings per share. Visa’s quarterly revenue was up 11.5% on a year-over-year basis. As a group, research analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be issued a dividend of $0.67 per share. The ex-dividend date is Wednesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. Visa’s dividend payout ratio is presently 26.25%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on V. Citigroup raised Visa to a “strong-buy” rating in a research note on Thursday, October 23rd. KeyCorp reaffirmed an “overweight” rating and issued a $405.00 price target on shares of Visa in a research note on Wednesday, October 22nd. Raymond James Financial reissued an “outperform” rating and set a $408.00 price objective (up previously from $398.00) on shares of Visa in a research note on Wednesday, October 29th. Barclays reaffirmed an “overweight” rating and issued a $408.00 target price (up previously from $396.00) on shares of Visa in a research note on Thursday, July 31st. Finally, Erste Group Bank cut shares of Visa from a “buy” rating to a “hold” rating in a research report on Monday, September 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $400.00.

Insiders Place Their Bets

In other Visa news, Director Lloyd Carney sold 900 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total value of $302,832.00. Following the completion of the sale, the director owned 2,468 shares in the company, valued at $830,432.64. This trade represents a 26.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $341.00, for a total transaction of $3,575,385.00. Following the transaction, the chief executive officer owned 537 shares in the company, valued at $183,117. This represents a 95.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 24,042 shares of company stock valued at $8,175,152. 0.13% of the stock is currently 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.