Timber Creek Capital Management LLC Has $9.70 Million Position in Visa Inc. (NYSE:V)

Posted by Defense World Staff on Apr 2nd, 2023

Timber Creek Capital Management LLC trimmed its holdings in Visa Inc. (NYSE:V – Get Rating) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,669 shares of the credit-card processor’s stock after selling 641 shares during the quarter. Visa comprises 3.7% of Timber Creek Capital Management LLC’s portfolio, making the stock its 6th largest holding. Timber Creek Capital Management LLC’s holdings in Visa were worth $9,696,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Domani Wealth LLC grew its holdings in Visa by 2.7% in the 4th quarter. Domani Wealth LLC now owns 1,729 shares of the credit-card processor’s stock worth $359,000 after buying an additional 46 shares in the last quarter. Copperleaf Capital LLC boosted its stake in Visa by 0.6% during the 2nd quarter. Copperleaf Capital LLC now owns 7,968 shares of the credit-card processor’s stock valued at $1,569,000 after purchasing an additional 49 shares in the last quarter. CNB Bank boosted its stake in Visa by 0.8% during the 2nd quarter. CNB Bank now owns 6,338 shares of the credit-card processor’s stock valued at $1,248,000 after purchasing an additional 49 shares in the last quarter. S.C. Financial Services Inc. boosted its stake in Visa by 2.3% during the 4th quarter. S.C. Financial Services Inc. now owns 2,140 shares of the credit-card processor’s stock valued at $445,000 after purchasing an additional 49 shares in the last quarter. Finally, Eads & Heald Wealth Management boosted its stake in Visa by 0.4% during the 3rd quarter. Eads & Heald Wealth Management now owns 12,641 shares of the credit-card processor’s stock valued at $2,246,000 after purchasing an additional 50 shares in the last quarter. 81.87% of the stock is owned by institutional investors.

Visa Price Performance

V opened at $225.46 on Friday. The stock has a fifty day moving average of $223.58 and a 200-day moving average of $209.81. The firm has a market capitalization of $424.09 billion, a P/E ratio of 31.53, a PEG ratio of 1.74 and a beta of 0.97. Visa Inc. has a 12-month low of $174.60 and a 12-month high of $234.30. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.59.

Visa (NYSE:V – Get Rating) last announced its quarterly earnings data on Thursday, January 26th. The credit-card processor reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.17. Visa had a return on equity of 49.95% and a net margin of 50.28%. The business had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.70 billion. During the same period last year, the company earned $1.81 earnings per share. Visa’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities analysts forecast that Visa Inc. will post 8.43 EPS for the current fiscal year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Friday, February 10th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.80%. This is a positive change from Visa’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, February 9th. Visa’s dividend payout ratio (DPR) is currently 25.17%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Visa from $243.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, January 27th. Truist Financial increased their price target on Visa from $235.00 to $260.00 in a research note on Friday, January 20th. Wolfe Research increased their price target on Visa from $240.00 to $255.00 in a research note on Thursday, January 5th. Morgan Stanley increased their price target on Visa from $284.00 to $288.00 and gave the company an “overweight” rating in a research note on Friday, January 27th. Finally, Raymond James increased their price objective on Visa from $261.00 to $281.00 and gave the company an “outperform” rating in a research report on Friday, January 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average price target of $259.11.

Insider Buying and Selling

In related news, General Counsel Julie B. Rottenberg sold 13,394 shares of the stock in a transaction on Friday, February 24th. The stock was sold at an average price of $219.00, for a total transaction of $2,933,286.00. Following the completion of the sale, the general counsel now directly owns 4,583 shares in the company, valued at $1,003,677. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Visa news, Chairman Alfred F. Kelly, Jr. sold 58,000 shares of the stock in a transaction on Monday, March 6th. The shares were sold at an average price of $223.99, for a total transaction of $12,991,420.00. Following the transaction, the chairman now directly owns 162,354 shares of the company’s stock, valued at $36,365,672.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Julie B. Rottenberg sold 13,394 shares of the stock in a transaction on Friday, February 24th. The stock was sold at an average price of $219.00, for a total transaction of $2,933,286.00. Following the transaction, the general counsel now directly owns 4,583 shares in the company, valued at $1,003,677. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 191,312 shares of company stock worth $33,751,165. Corporate insiders own 0.22% of the company’s stock.

Visa Company Profile

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Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).