Visa Inc. (NYSE:V) Position Reduced by Alapocas Investment Partners Inc.

Key Points

• Alapocas Investment Partners Inc. reduced its stake in Visa Inc. by 3.4%, now holding 42,370 shares valued at approximately $14.8 million.
• Insider sales include Paul D. Fabara and Ryan Mcinerney, who sold significant portions of their shares, decreasing their ownership by 30.58% and 94.14%, respectively.
• Visa reported a quarterly earnings per share of $2.98, exceeding estimates, and announced a dividend of $0.59 per share, reflecting a 0.7% yield.

Alapocas Investment Partners Inc. decreased its stake in shares of Visa Inc. (NYSE:V - Free Report) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 42,370 shares of the credit-card processor's stock after selling 1,495 shares during the quarter. Visa comprises about 9.1% of Alapocas Investment Partners Inc.'s portfolio, making the stock its 2nd largest holding. Alapocas Investment Partners Inc.'s holdings in Visa were worth $14,849,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of V. von Borstel & Associates Inc. purchased a new stake in Visa during the first quarter valued at approximately $27,000. Measured Risk Portfolios Inc. purchased a new stake in Visa during the 4th quarter valued at $47,000. O Brien Wealth Partners LLC bought a new stake in Visa in the first quarter worth $54,000. Global X Japan Co. Ltd. purchased a new position in Visa during the first quarter worth $56,000. Finally, Cedar Mountain Advisors LLC boosted its stake in Visa by 28.5% during the first quarter. Cedar Mountain Advisors LLC now owns 167 shares of the credit-card processor's stock worth $59,000 after buying an additional 37 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visa

In related news, insider Paul D. Fabara sold 46,214 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the transaction, the insider owned 26,413 shares in the company, valued at approximately $9,772,810. This represents a 63.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,630 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the transaction, the chief executive officer directly owned 537 shares of the company's stock, valued at $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 75,100 shares of company stock worth $27,643,224. 0.13% of the stock is owned by insiders.

Visa Stock Up 1.1%

NYSE V traded up $3.62 on Friday, hitting $335.71. The stock had a trading volume of 850,009 shares, compared to its average volume of 6,610,892. Visa Inc. has a 52-week low of $258.74 and a 52-week high of $375.51. The business's fifty day moving average price is $353.36 and its 200 day moving average price is $346.87. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market cap of $619.44 billion, a price-to-earnings ratio of 32.72, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.13. The company had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%. The firm's quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.42 EPS. Equities research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 12th. Visa's dividend payout ratio is presently 23.05%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on V shares. Jefferies Financial Group increased their target price on shares of Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Citigroup started coverage on shares of Visa in a research report on Monday, June 2nd. They issued a "buy" rating on the stock. Mizuho raised shares of Visa from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $359.00 to $425.00 in a research note on Thursday, June 5th. Raymond James Financial reaffirmed an "outperform" rating on shares of Visa in a research note on Wednesday, July 30th. Finally, The Goldman Sachs Group assumed coverage on Visa in a research note on Monday, June 2nd. They set a "neutral" rating for the company. Five equities research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $380.84.

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.