Compass Capital Management Inc. Has $23.64 Million Stake in Visa Inc. (NYSE:V)

Compass Capital Management Inc. cut its stake in shares of Visa Inc. (NYSE:V) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 266,034 shares of the credit-card processor’s stock after selling 2,130 shares during the period. Visa accounts for about 4.1% of Compass Capital Management Inc.’s portfolio, making the stock its 7th largest position. Compass Capital Management Inc.’s holdings in Visa were worth $23,642,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vicus Capital boosted its stake in Visa by 17.4% in the first quarter. Vicus Capital now owns 4,719 shares of the credit-card processor’s stock worth $419,000 after buying an additional 701 shares during the last quarter. Folger Hill Asset Management LP acquired a new position in shares of Visa during the fourth quarter worth approximately $474,000. Cpcm LLC acquired a new position in shares of Visa during the fourth quarter worth approximately $2,722,000. Marietta Wealth Management LLC acquired a new position in shares of Visa during the fourth quarter worth approximately $1,536,000. Finally, Texas Yale Capital Corp. boosted its position in shares of Visa by 137.1% in the fourth quarter. Texas Yale Capital Corp. now owns 18,879 shares of the credit-card processor’s stock worth $1,473,000 after buying an additional 10,915 shares during the last quarter. 82.02% of the stock is owned by institutional investors and hedge funds.

Shares of Visa Inc. (V) traded down 0.42% on Friday, hitting $99.15. The stock had a trading volume of 6,558,846 shares. Visa Inc. has a 52 week low of $75.17 and a 52 week high of $101.18. The firm has a 50 day moving average price of $95.97 and a 200-day moving average price of $90.79. The company has a market cap of $226.70 billion, a price-to-earnings ratio of 36.87 and a beta of 0.93.

Visa (NYSE:V) last announced its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.05. The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.36 billion. Visa had a return on equity of 30.95% and a net margin of 36.53%. The firm’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 earnings per share. Analysts anticipate that Visa Inc. will post $3.43 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th will be paid a dividend of $0.165 per share. The ex-dividend date is Wednesday, August 16th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.67%. Visa’s dividend payout ratio (DPR) is currently 24.54%.

Visa announced that its Board of Directors has initiated a share buyback program on Thursday, April 20th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the credit-card processor to reacquire up to 2.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

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A number of equities analysts have recently commented on V shares. CIBC lifted their target price on shares of Visa from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, April 26th. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a research report on Monday, May 29th. Deutsche Bank AG lifted their price objective on shares of Visa from $124.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Vetr lowered shares of Visa from a “hold” rating to a “sell” rating and set a $92.84 price objective on the stock. in a research report on Monday, June 5th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $105.00 price objective (up from $100.00) on shares of Visa in a research report on Sunday, April 23rd. Five investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $104.35.

In other news, EVP Tullier Kelly Mahon sold 29,772 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the transaction, the executive vice president now owns 17,360 shares in the company, valued at $1,751,797.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by company insiders.

Visa Company Profile

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.