Visa Inc. (NYSE:V) Stake Reduced by Bath Savings Trust Co

Bath Savings Trust Co trimmed its holdings in Visa Inc. (NYSE:V - Free Report) by 5.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 17,786 shares of the credit-card processor's stock after selling 960 shares during the period. Bath Savings Trust Co's holdings in Visa were worth $6,233,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Visa during the fourth quarter worth about $27,000. POM Investment Strategies LLC grew its position in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after buying an additional 32 shares during the period. Compass Planning Associates Inc acquired a new stake in shares of Visa in the 4th quarter worth approximately $32,000. FPC Investment Advisory Inc. boosted its position in Visa by 377.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock worth $36,000 after purchasing an additional 83 shares in the last quarter. Finally, NewSquare Capital LLC purchased a new position in shares of Visa in the fourth quarter valued at $35,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Trading Up 0.8%

V stock traded up $3.03 on Friday, hitting $365.43. 8,725,642 shares of the company were exchanged, compared to its average volume of 7,016,173. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $674.28 billion, a price-to-earnings ratio of 36.84, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $369.15. The business's fifty day moving average is $343.40 and its two-hundred day moving average is $333.54.

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 (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.51 EPS. As a group, research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa's dividend payout ratio is currently 23.72%.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total value of $13,395,133.50. Following the transaction, the insider now directly owns 26,413 shares of the company's stock, valued at $8,991,249.33. This represents a 59.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00. Following the transaction, the chief executive officer now owns 537 shares of the company's stock, valued at approximately $194,931. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,948 shares of company stock worth $41,548,282. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on V. Barclays upped their price target on shares of Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. BMO Capital Markets upped their target price on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. William Blair reiterated an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Oppenheimer reissued an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a research note on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Visa has an average rating of "Moderate Buy" and a consensus target price of $366.13.

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.