Howland Capital Management LLC Sells 205 Shares of Visa Inc. (NYSE:V)


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Howland Capital Management LLC reduced its holdings in Visa Inc. (NYSE:V) by 0.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 244,493 shares of the credit-card processor’s stock after selling 205 shares during the quarter. Visa accounts for 2.9% of Howland Capital Management LLC’s portfolio, making the stock its 5th largest position. Howland Capital Management LLC’s holdings in Visa were worth $51,767,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. FNY Investment Advisers LLC increased its position in shares of Visa by 129.1% during the 4th quarter. FNY Investment Advisers LLC now owns 126 shares of the credit-card processor’s stock valued at $27,000 after purchasing an additional 71 shares during the period. Kinloch Capital LLC acquired a new position in shares of Visa during the 4th quarter valued at $27,000. Horan Securities Inc. increased its position in shares of Visa by 432.0% during the 4th quarter. Horan Securities Inc. now owns 133 shares of the credit-card processor’s stock valued at $29,000 after purchasing an additional 108 shares during the period. Cowa LLC acquired a new position in shares of Visa during the 4th quarter valued at $29,000. Finally, New Capital Management LP acquired a new position in shares of Visa during the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 80.50% of the company’s stock.

V opened at $232.61 on Tuesday. The stock has a market cap of $454.13 billion, a price-to-earnings ratio of 47.67, a PEG ratio of 3.80 and a beta of 0.96. Visa Inc. has a 1 year low of $171.72 and a 1 year high of $237.50. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.68. The stock has a fifty day moving average price of $221.11 and a 200 day moving average price of $210.57.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 27th. The credit-card processor reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.12. Visa had a return on equity of 37.22% and a net margin of 49.74%. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $5.54 billion. During the same quarter last year, the firm earned $1.39 earnings per share. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, sell-side analysts forecast that Visa Inc. will post 5.45 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 1st. Shareholders of record on Friday, May 14th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, May 13th. This represents a $1.28 annualized dividend and a yield of 0.55%. Visa’s dividend payout ratio (DPR) is currently 25.40%.

Several brokerages have recently issued reports on V. Mizuho lifted their price target on Visa from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Tuesday. KeyCorp raised their price objective on Visa from $210.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 13th. Morgan Stanley raised their price objective on Visa from $258.00 to $279.00 and gave the stock an “overweight” rating in a research note on Monday. Oppenheimer raised their price objective on Visa from $245.00 to $260.00 in a research note on Wednesday, April 28th. Finally, Sanford C. Bernstein started coverage on Visa in a research note on Tuesday, January 26th. They set an “outperform” rating and a $232.00 price objective for the company. Two analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $246.32.

In other news, Director Robert W. Matschullat sold 29,956 shares of Visa stock in a transaction dated Thursday, March 18th. The stock was sold at an average price of $223.02, for a total value of $6,680,787.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Alfred F. Kelly, Jr. sold 9,000 shares of Visa stock in a transaction dated Friday, April 30th. The stock was sold at an average price of $235.32, for a total value of $2,117,880.00. Following the completion of the transaction, the chief executive officer now owns 160,112 shares in the company, valued at $37,677,555.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 133,843 shares of company stock worth $29,838,958. Corporate insiders own 0.19% of the company’s stock.

About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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