Arjuna Capital Has $4.56 Million Stake in Visa Inc. (NYSE:V)

Key Points

• Arjuna Capital increased its stake in Visa Inc. by 11.9% in the first quarter, holding 13,010 shares valued at approximately $4.56 million, making it the 19th largest position in their portfolio.
• Visa's CEO Ryan Mcinerney and insider Paul D. Fabara sold significant portions of their shares recently, contributing to a total of 75,100 shares sold by insiders valued at about $27.64 million over the last 90 days.
• The company announced a quarterly dividend of $0.59 per share, payable on September 2nd, reflecting an annualized dividend yield of 0.7%.

Arjuna Capital raised its position in Visa Inc. (NYSE:V - Free Report) by 11.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,010 shares of the credit-card processor's stock after purchasing an additional 1,382 shares during the period. Visa comprises about 1.3% of Arjuna Capital's investment portfolio, making the stock its 19th largest position. Arjuna Capital's holdings in Visa were worth $4,559,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Ontario Teachers Pension Plan Board boosted its holdings in shares of Visa by 82.0% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 3,409 shares of the credit-card processor's stock valued at $1,195,000 after purchasing an additional 1,536 shares during the last quarter. 1834 Investment Advisors Co. grew its position in Visa by 4.1% in the first quarter. 1834 Investment Advisors Co. now owns 5,471 shares of the credit-card processor's stock valued at $1,917,000 after acquiring an additional 216 shares in the last quarter. Deutsche Bank AG increased its stake in Visa by 2.2% during the 1st quarter. Deutsche Bank AG now owns 9,572,117 shares of the credit-card processor's stock worth $3,354,644,000 after buying an additional 206,361 shares during the period. Foster Dykema Cabot & Partners LLC increased its position in shares of Visa by 2.4% during the first quarter. Foster Dykema Cabot & Partners LLC now owns 4,466 shares of the credit-card processor's stock worth $1,565,000 after acquiring an additional 103 shares during the last quarter. Finally, Roof Eidam Maycock Peralta LLC increased its holdings in Visa by 2.3% during the 1st quarter. Roof Eidam Maycock Peralta LLC now owns 10,254 shares of the credit-card processor's stock worth $3,594,000 after purchasing an additional 235 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value 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. The trade was a 94.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul D. Fabara sold 46,214 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the transaction, the insider owned 26,413 shares of the company's stock, valued at approximately $9,772,810. The trade was a 63.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,100 shares of company stock worth $27,643,224. Corporate insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

V has been the topic of several research analyst reports. Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Oppenheimer boosted their price target on shares of Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Morgan Stanley increased their price objective on Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. The Goldman Sachs Group assumed coverage on shares of Visa in a research report on Monday, June 2nd. They issued a "neutral" rating for the company. 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 objective on the stock. Five analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Visa presently has an average rating of "Moderate Buy" and an average target price of $380.84.

Visa Stock Down 2.3%

Shares of NYSE:V traded down $7.76 during midday trading on Thursday, hitting $331.98. 8,793,604 shares of the stock were exchanged, compared to its average volume of 6,237,998. The company has a market capitalization of $612.55 billion, a PE ratio of 32.42, a P/E/G ratio of 2.27 and a beta of 0.94. Visa Inc. has a 52-week low of $257.92 and a 52-week high of $375.51. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. The business's fifty day simple moving average is $353.36 and its two-hundred day simple moving average is $346.87.

Visa (NYSE:V - Get Free Report) last announced its quarterly 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 business had revenue of $10.17 billion during 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 revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.42 EPS. As a group, research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, August 12th. Visa's dividend payout ratio (DPR) is 23.05%.

Visa Company 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.