Visa Inc (NYSE:V) is Cottage Street Advisors LLC’s 10th Largest Position

Cottage Street Advisors LLC grew its holdings in Visa Inc (NYSE:V) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,926 shares of the credit-card processor’s stock after purchasing an additional 183 shares during the quarter. Visa accounts for about 2.5% of Cottage Street Advisors LLC’s holdings, making the stock its 10th biggest holding. Cottage Street Advisors LLC’s holdings in Visa were worth $3,685,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Robecosam AG raised its holdings in Visa by 73.5% in the fourth quarter. Robecosam AG now owns 19,780 shares of the credit-card processor’s stock valued at $2,590,000 after acquiring an additional 8,378 shares in the last quarter. Wright Investors Service Inc. raised its holdings in Visa by 37.7% in the fourth quarter. Wright Investors Service Inc. now owns 31,052 shares of the credit-card processor’s stock valued at $4,097,000 after acquiring an additional 8,502 shares in the last quarter. Good Life Advisors LLC raised its holdings in Visa by 29.9% in the fourth quarter. Good Life Advisors LLC now owns 8,337 shares of the credit-card processor’s stock valued at $1,100,000 after acquiring an additional 1,917 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new stake in Visa in the fourth quarter valued at approximately $983,000. Finally, Beacon Pointe Wealth Advisors LLC acquired a new stake in Visa in the fourth quarter valued at approximately $388,000. 81.42% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Lynne Biggar sold 15,000 shares of Visa stock in a transaction on Monday, March 11th. The shares were sold at an average price of $150.00, for a total value of $2,250,000.00. Following the transaction, the executive vice president now directly owns 22,294 shares in the company, valued at approximately $3,344,100. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP William M. Sheedy sold 75,676 shares of Visa stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $165.24, for a total transaction of $12,504,702.24. Following the completion of the transaction, the executive vice president now owns 300,114 shares in the company, valued at $49,590,837.36. The disclosure for this sale can be found here. Insiders sold a total of 188,202 shares of company stock worth $29,962,762 over the last ninety days. Corporate insiders own 0.17% of the company’s stock.

Shares of Visa stock traded up $0.38 during trading on Wednesday, reaching $164.24. The company’s stock had a trading volume of 5,415,200 shares, compared to its average volume of 8,187,932. The stock has a market capitalization of $327.53 billion, a price-to-earnings ratio of 35.63, a PEG ratio of 1.86 and a beta of 1.00. Visa Inc has a fifty-two week low of $121.60 and a fifty-two week high of $165.74. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 1.62.

Visa (NYSE:V) last announced its earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.07. The business had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.46 billion. Visa had a net margin of 51.34% and a return on equity of 40.56%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 EPS. Analysts anticipate that Visa Inc will post 5.38 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Friday, May 17th will be issued a $0.25 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.61%. Visa’s payout ratio is 21.69%.

Several analysts recently weighed in on V shares. reaffirmed a “buy” rating on shares of Visa in a report on Tuesday, February 12th. Jefferies Financial Group started coverage on shares of Visa in a report on Monday, January 28th. They issued a “buy” rating and a $135.99 target price on the stock. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $160.00 target price on shares of Visa in a report on Thursday, January 31st. Wedbush raised their target price on shares of Visa from $162.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Finally, UBS Group raised their price objective on shares of Visa from $146.00 to $183.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Visa has a consensus rating of “Buy” and a consensus price target of $177.67.

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Visa 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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Institutional Ownership by Quarter for Visa (NYSE:V)

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