Fulton Breakefield Broenniman LLC Has $31 Million Stock Position in Visa Inc. (NYSE:V)

Fulton Breakefield Broenniman LLC lifted its holdings in shares of Visa Inc. (NYSE:V) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,082 shares of the credit-card processor’s stock after buying an additional 708 shares during the quarter. Visa comprises approximately 2.5% of Fulton Breakefield Broenniman LLC’s investment portfolio, making the stock its 11th biggest holding. Fulton Breakefield Broenniman LLC’s holdings in Visa were worth $31,003,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Trifecta Capital Advisors LLC increased its holdings in Visa by 2.7% during the third quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock worth $4,641,000 after buying an additional 536 shares during the last quarter. New Hampshire Trust boosted its position in shares of Visa by 1.9% in the third quarter. New Hampshire Trust now owns 13,944 shares of the credit-card processor’s stock valued at $3,207,000 after acquiring an additional 266 shares during the period. CreativeOne Wealth LLC boosted its position in shares of Visa by 2.7% in the third quarter. CreativeOne Wealth LLC now owns 20,518 shares of the credit-card processor’s stock valued at $4,720,000 after acquiring an additional 542 shares during the period. B.O.S.S. Retirement Advisors LLC boosted its position in shares of Visa by 10.8% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 11,960 shares of the credit-card processor’s stock valued at $2,751,000 after acquiring an additional 1,166 shares during the period. Finally, Nikulski Financial Inc. boosted its position in shares of Visa by 4.0% in the third quarter. Nikulski Financial Inc. now owns 12,928 shares of the credit-card processor’s stock valued at $2,974,000 after acquiring an additional 499 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Susquehanna increased their target price on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a report on Friday, January 26th. Barclays increased their target price on shares of Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Citigroup upped their price objective on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research note on Wednesday. TD Cowen started coverage on Visa in a research note on Thursday, April 11th. They issued a “buy” rating and a $320.00 price objective for the company. Finally, Keefe, Bruyette & Woods upped their price objective on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $302.58.

Visa Stock Down 0.2 %

Shares of V traded down $0.64 during trading hours on Friday, reaching $274.52. The stock had a trading volume of 6,840,615 shares, compared to its average volume of 6,528,673. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The firm has a 50-day simple moving average of $279.24 and a 200 day simple moving average of $264.33. The company has a current ratio of 1.40, a quick ratio of 1.45 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $504.16 billion, a price-to-earnings ratio of 30.67, a P/E/G ratio of 1.89 and a beta of 0.96.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same period last year, the business earned $2.09 EPS. Visa’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities research analysts predict that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio is presently 23.24%.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. Insiders sold a total of 19,874 shares of company stock valued at $5,506,827 in the last ninety days. 0.19% of the stock is currently owned by insiders.

Visa 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.