Farallon Capital Management LLC cut its position in Visa Inc. (NYSE:V - Free Report) by 26.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 549,510 shares of the credit-card processor's stock after selling 202,500 shares during the period. Farallon Capital Management LLC's holdings in Visa were worth $173,667,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Hirtle Callaghan & Co LLC increased its position in shares of Visa by 1.3% in the fourth quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock worth $724,000 after purchasing an additional 29 shares during the last quarter. FWL Investment Management LLC lifted its stake in Visa by 0.5% during the fourth quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock worth $2,005,000 after purchasing an additional 29 shares during the last quarter. Elevation Wealth Partners LLC boosted its holdings in shares of Visa by 3.3% in the 4th quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock worth $297,000 after purchasing an additional 30 shares in the last quarter. Warther Private Wealth LLC increased its position in shares of Visa by 1.0% during the 4th quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor's stock valued at $928,000 after purchasing an additional 30 shares during the last quarter. Finally, Valmark Advisers Inc. raised its holdings in shares of Visa by 0.4% during the 4th quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor's stock valued at $2,292,000 after buying an additional 30 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have commented on V shares. Citigroup reiterated a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Oppenheimer restated an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Susquehanna reiterated a "positive" rating on shares of Visa in a report on Friday, March 21st. William Blair restated an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Finally, Evercore ISI began coverage on Visa in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $362.38.
Check Out Our Latest Analysis on V
Visa Stock Up 0.5 %
Shares of V stock traded up $1.68 during trading hours on Friday, hitting $352.95. 3,086,498 shares of the company's stock traded hands, compared to its average volume of 7,169,131. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market cap of $655.70 billion, a price-to-earnings ratio of 35.58, a PEG ratio of 2.33 and a beta of 0.96. The stock's fifty day simple moving average is $336.98 and its two-hundred day simple moving average is $327.02. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54.
Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The business had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the previous year, the company posted $2.51 earnings per share. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. On average, analysts expect that Visa Inc. will post 11.3 EPS for the current year.
Visa Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. Visa's dividend payout ratio is currently 23.72%.
Insider Transactions at Visa
In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the sale, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,121,041.50. The trade was a 17.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at $8,642,333.60. The trade was a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,948 shares of company stock worth $41,548,282. Corporate insiders own 0.13% of the company's stock.
Visa Company Profile
(
Free Report)
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.
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