AAFMAA Wealth Management & Trust LLC Reduces Stock Position in Visa Inc. (NYSE:V)

AAFMAA Wealth Management & Trust LLC reduced its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 12.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,194 shares of the credit-card processor's stock after selling 1,009 shares during the quarter. Visa accounts for about 1.1% of AAFMAA Wealth Management & Trust LLC's investment portfolio, making the stock its 17th largest holding. AAFMAA Wealth Management & Trust LLC's holdings in Visa were worth $2,521,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gateway Investment Advisers LLC lifted its position in shares of Visa by 1.9% during the first quarter. Gateway Investment Advisers LLC now owns 474,552 shares of the credit-card processor's stock worth $166,311,000 after purchasing an additional 9,017 shares during the last quarter. KFG Wealth Management LLC raised its stake in Visa by 3.0% during the first quarter. KFG Wealth Management LLC now owns 1,672 shares of the credit-card processor's stock valued at $586,000 after buying an additional 48 shares in the last quarter. Radnor Capital Management LLC lifted its holdings in Visa by 7.5% during the 1st quarter. Radnor Capital Management LLC now owns 12,205 shares of the credit-card processor's stock worth $4,277,000 after buying an additional 855 shares during the last quarter. Horizon Wealth Management LLC grew its position in shares of Visa by 17.0% in the 1st quarter. Horizon Wealth Management LLC now owns 1,075 shares of the credit-card processor's stock worth $377,000 after acquiring an additional 156 shares in the last quarter. Finally, First National Corp MA ADV increased its holdings in shares of Visa by 1.5% in the 1st quarter. First National Corp MA ADV now owns 3,927 shares of the credit-card processor's stock valued at $1,376,000 after acquiring an additional 59 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Trading Up 1.0%

Shares of V stock opened at $370.44 on Friday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $371.00. The stock has a fifty day moving average of $345.45 and a two-hundred day moving average of $335.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market capitalization of $683.52 billion, a PE ratio of 37.34, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the prior year, the firm posted $2.51 EPS. Visa's revenue was up 9.3% compared to the same quarter last year. As a group, research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is presently 23.72%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on V. Keefe, Bruyette & Woods restated a "hold" rating on shares of Visa in a research note on Thursday, February 13th. Susquehanna reissued a "positive" rating on shares of Visa in a report on Friday, March 21st. UBS Group lifted their price target on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. Jefferies Financial Group boosted their price objective on shares of Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Finally, Macquarie cut their target price on shares of Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $372.80.

Insider Activity

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the transaction, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The transaction 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 sale, the insider now owns 26,413 shares of the company's stock, valued at $8,642,333.60. This trade represents a 59.84% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 168,162 shares of company stock worth $58,645,479. 0.13% of the stock is owned by company insiders.

About Visa

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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