Alecta Tjanstepension Omsesidigt Sells 1,629,100 Shares of Visa Inc. (NYSE:V)

Alecta Tjanstepension Omsesidigt reduced its stake in shares of Visa Inc. (NYSE:V - Free Report) by 48.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,701,600 shares of the credit-card processor's stock after selling 1,629,100 shares during the quarter. Visa accounts for approximately 3.3% of Alecta Tjanstepension Omsesidigt's portfolio, making the stock its 7th largest holding. Alecta Tjanstepension Omsesidigt owned about 0.09% of Visa worth $596,156,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Hirtle Callaghan & Co LLC grew its stake in Visa by 1.3% during 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 period. FWL Investment Management LLC increased its stake in Visa by 0.5% in the 4th quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock worth $2,005,000 after buying an additional 29 shares in the last quarter. Yeomans Consulting Group Inc. lifted its stake in Visa by 2.9% in the first quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock worth $360,000 after purchasing an additional 29 shares during the last quarter. Capstone Financial Advisors Inc. increased its holdings in Visa by 3.6% during the fourth quarter. Capstone Financial Advisors Inc. now owns 872 shares of the credit-card processor's stock valued at $276,000 after buying an additional 30 shares during the period. Finally, Headinvest LLC grew its holdings in shares of Visa by 0.8% during the fourth quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor's stock valued at $1,265,000 after buying an additional 30 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

V has been the subject of several research reports. Barclays reissued an "overweight" rating on shares of Visa in a research note on Friday, June 13th. Macquarie cut their target price on shares of Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Citigroup began coverage on shares of Visa in a report on Monday, June 2nd. They set a "buy" rating on the stock. UBS Group boosted their target price on shares of Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Visa in a research report on Thursday, July 17th. They issued a "buy" rating and a $410.00 price target on the stock. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $375.52.

Visa Stock Performance

Visa stock traded up $1.10 during mid-day trading on Tuesday, reaching $352.04. 4,612,992 shares of the company traded hands, compared to its average volume of 6,786,416. The company has a market capitalization of $649.56 billion, a price-to-earnings ratio of 35.38, a price-to-earnings-growth ratio of 2.37 and a beta of 0.92. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $375.51. The firm's fifty day moving average is $356.82 and its two-hundred day moving average is $344.02. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The firm had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. During the same quarter in the previous year, the business posted $2.51 earnings per share. The business's quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were paid a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. Visa's dividend payout ratio (DPR) is presently 23.72%.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 46,214 shares of Visa 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 of the company's stock, valued at $9,772,810. The trade was a 63.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 sale, the chief executive officer owned 537 shares of the company's stock, valued at approximately $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,108 shares of company stock worth $36,771,200 in the last ninety days. 0.13% of the stock is 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.