Visa Inc. (NYSE:V) is Timber Creek Capital Management LLC’s Largest Position

Timber Creek Capital Management LLC cut its holdings in Visa Inc. (NYSE:V) by 0.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 46,167 shares of the credit-card processor’s stock after selling 162 shares during the quarter. Visa makes up about 4.3% of Timber Creek Capital Management LLC’s holdings, making the stock its largest holding. Timber Creek Capital Management LLC’s holdings in Visa were worth $16,180,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sellwood Investment Partners LLC purchased a new position in shares of Visa in the 4th quarter valued at approximately $41,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of Visa in the 4th quarter valued at approximately $47,000. Measured Risk Portfolios Inc. purchased a new position in shares of Visa in the 4th quarter valued at approximately $47,000. Navigoe LLC purchased a new position in shares of Visa in the fourth quarter worth $53,000. Finally, O Brien Wealth Partners LLC purchased a new position in shares of Visa in the first quarter worth $54,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total value of $4,363,500.00. Following the sale, the insider directly owned 26,413 shares in the company, valued at approximately $9,904,875. The trade was a 30.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the sale, the chief executive officer directly owned 537 shares in the company, valued at $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,108 shares of company stock worth $36,771,200. Insiders own 0.13% of the company’s stock.

Visa Price Performance

NYSE:V opened at $358.70 on Friday. The stock’s 50-day moving average price is $355.79 and its 200-day moving average price is $341.46. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $375.51. The stock has a market capitalization of $661.86 billion, a PE ratio of 36.05, a price-to-earnings-growth ratio of 2.43 and a beta of 0.92. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The business had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter last year, the business earned $2.51 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, equities analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Jefferies Financial Group raised their price target on shares of Visa from $400.00 to $410.00 and gave the stock a “buy” rating in a report on Tuesday, May 27th. Oppenheimer raised their target price on Visa from $390.00 to $391.00 and gave the stock an “outperform” rating in a research note on Wednesday. Truist Financial started coverage on Visa in a research note on Monday, June 2nd. They issued a “buy” rating and a $400.00 price objective for the company. Mizuho upgraded Visa from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $359.00 to $425.00 in a research note on Thursday, June 5th. Finally, Citigroup began coverage on Visa in a research note on Monday, June 2nd. They issued a “buy” rating for the company. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $372.84.

Visa Company 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.