Mitchell Capital Management Co. Has $4.49 Million Stake in Visa Inc (NYSE:V)
Mitchell Capital Management Co. trimmed its stake in Visa Inc (NYSE:V) by 31.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,236 shares of the credit-card processor’s stock after selling 10,477 shares during the period. Visa comprises approximately 1.4% of Mitchell Capital Management Co.’s investment portfolio, making the stock its 14th biggest position. Mitchell Capital Management Co.’s holdings in Visa were worth $4,489,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC acquired a new stake in Visa during the 1st quarter worth about $25,000. Cedar Mountain Advisors LLC boosted its position in shares of Visa by 102.6% during the 2nd quarter. Cedar Mountain Advisors LLC now owns 158 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 80 shares in the last quarter. AlphaMark Advisors LLC boosted its position in shares of Visa by 57.8% during the 1st quarter. AlphaMark Advisors LLC now owns 172 shares of the credit-card processor’s stock worth $28,000 after purchasing an additional 63 shares in the last quarter. Price Wealth LLC boosted its position in shares of Visa by 90.0% during the 2nd quarter. Price Wealth LLC now owns 190 shares of the credit-card processor’s stock worth $37,000 after purchasing an additional 90 shares in the last quarter. Finally, CVA Family Office LLC bought a new position in shares of Visa during the 1st quarter worth about $32,000. Institutional investors and hedge funds own 81.41% of the company’s stock.
Shares of V stock traded down $3.66 during trading hours on Friday, hitting $190.40. 14,186,004 shares of the company were exchanged, compared to its average volume of 7,102,219. The firm has a fifty day simple moving average of $194.04 and a 200 day simple moving average of $187.14. The company has a current ratio of 1.55, a quick ratio of 1.25 and a debt-to-equity ratio of 0.59. Visa Inc has a 52-week low of $133.93 and a 52-week high of $214.17. The stock has a market capitalization of $377.15 billion, a price-to-earnings ratio of 36.07, a P/E/G ratio of 3.09 and a beta of 0.92.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.20 dividend on an annualized basis and a yield of 0.63%. Visa’s dividend payout ratio is 22.06%.
In other Visa news, insider Rajat Taneja sold 3,279 shares of the firm’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $202.02, for a total value of $662,423.58. Following the completion of the transaction, the insider now directly owns 221,282 shares of the company’s stock, valued at approximately $44,703,389.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Ryan Mcinerney sold 26,150 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $191.87, for a total transaction of $5,017,400.50. The disclosure for this sale can be found here. Insiders sold a total of 50,429 shares of company stock valued at $9,746,754 over the last quarter. 0.19% of the stock is owned by company insiders.
A number of equities analysts have recently issued reports on the stock. Raymond James increased their price objective on shares of Visa from $204.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday. Oppenheimer initiated coverage on shares of Visa in a research report on Tuesday, June 23rd. They issued an “outperform” rating and a $202.00 price target on the stock. UBS Group dropped their price target on shares of Visa from $190.00 to $188.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Zacks Investment Research raised shares of Visa from a “sell” rating to a “hold” rating and set a $181.00 price target on the stock in a research report on Sunday, May 3rd. Finally, Guggenheim cut shares of Visa from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 22nd. Seven investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Visa has a consensus rating of “Buy” and a consensus price target of $207.56.
Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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