B & T Capital Management DBA Alpha Capital Management Trims Stock Position in Visa Inc. (NYSE:V)

B & T Capital Management DBA Alpha Capital Management reduced its position in shares of Visa Inc. (NYSE:V - Free Report) by 4.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,716 shares of the credit-card processor's stock after selling 747 shares during the quarter. Visa comprises about 1.1% of B & T Capital Management DBA Alpha Capital Management's portfolio, making the stock its 29th biggest position. B & T Capital Management DBA Alpha Capital Management's holdings in Visa were worth $5,858,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. von Borstel & Associates Inc. purchased a new position in Visa during the 1st quarter worth $27,000. Sellwood Investment Partners LLC purchased a new position in shares of Visa in the 4th quarter valued at $41,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of Visa in the 4th quarter valued at $47,000. Measured Risk Portfolios Inc. purchased a new position in shares of Visa in the 4th quarter valued at $47,000. Finally, O Brien Wealth Partners LLC purchased a new position in shares of Visa in the 1st quarter valued at $54,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Wall Street Zen upgraded Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. UBS Group lifted their price target on Visa from $395.00 to $405.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. Susquehanna reiterated a "positive" rating on shares of Visa in a report on Friday, March 21st. Oppenheimer lifted their price target on Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Finally, The Goldman Sachs Group began coverage on Visa in a report on Monday, June 2nd. They issued a "neutral" rating on the stock. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $372.84.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 537 shares in the company, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the transaction, the general counsel owned 11,925 shares of the company's stock, valued at $4,121,041.50. The trade was a 17.76% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 101,108 shares of company stock valued at $36,771,200. 0.13% of the stock is owned by company insiders.

Visa Stock Performance

V traded down $8.17 on Friday, reaching $347.71. 7,577,927 shares of the stock were exchanged, compared to its average volume of 6,822,520. The company's 50-day moving average price is $356.93 and its 200 day moving average price is $342.71. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $375.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $641.58 billion, a PE ratio of 34.95, a PEG ratio of 2.36 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. Visa had a return on equity of 56.28% and a net margin of 52.86%. The company 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 firm posted $2.51 EPS. The firm's revenue was up 9.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa's dividend payout ratio is currently 23.72%.

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.