Visa Inc. (NYSE:V) Shares Sold by Blair William & Co. IL

Key Points

• Blair William & Co. IL has decreased its stake in Visa Inc. by 2.5%, holding 2,036,756 shares valued at approximately $713.8 million as of its latest filing.
• Visa's quarterly earnings exceeded analyst expectations, reporting $2.98 EPS and revenue of $10.17 billion, a 14.3% increase year-over-year.
• The company announced a quarterly dividend of $0.59 per share, with a payout ratio of 23.05%, indicating continued profitability and return to shareholders.

Blair William & Co. IL lowered its holdings in Visa Inc. (NYSE:V - Free Report) by 2.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,036,756 shares of the credit-card processor's stock after selling 52,970 shares during the quarter. Visa accounts for about 2.1% of Blair William & Co. IL's investment portfolio, making the stock its 4th largest position. Blair William & Co. IL owned about 0.11% of Visa worth $713,802,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in V. Capital International Investors increased its stake in Visa by 3.8% in the fourth quarter. Capital International Investors now owns 23,816,573 shares of the credit-card processor's stock valued at $7,526,660,000 after acquiring an additional 866,596 shares during the period. Capital World Investors boosted its holdings in Visa by 1.0% during the fourth quarter. Capital World Investors now owns 23,277,622 shares of the credit-card processor's stock valued at $7,356,614,000 after purchasing an additional 241,057 shares in the last quarter. Northern Trust Corp grew its stake in shares of Visa by 18.0% in the 4th quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor's stock valued at $5,771,116,000 after purchasing an additional 2,785,707 shares during the period. GAMMA Investing LLC grew its stake in shares of Visa by 38,416.3% in the 1st quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor's stock valued at $5,173,271,000 after purchasing an additional 14,723,050 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Visa by 14.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,321,754 shares of the credit-card processor's stock worth $4,210,207,000 after buying an additional 1,723,785 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Trading Down 1.9%

V traded down $6.66 during trading on Friday, reaching $338.81. 8,655,366 shares of the company's stock were exchanged, compared to its average volume of 6,179,344. The company's fifty day moving average price is $355.06 and its 200-day moving average price is $346.75. 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 firm has a market capitalization of $625.16 billion, a PE ratio of 33.09, a P/E/G ratio of 2.26 and a beta of 0.94. Visa Inc. has a fifty-two week low of $254.51 and a fifty-two week high of $375.51.

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

Visa Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 12th. Visa's dividend payout ratio (DPR) is currently 23.05%.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the transaction, the insider owned 26,413 shares in the company, valued at approximately $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,913 shares of company stock worth $32,902,432 over the last quarter. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

V has been the topic of several recent analyst reports. BMO Capital Markets boosted their price target on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Macquarie boosted their target price on shares of Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a research note on Thursday. Citigroup initiated coverage on shares of Visa in a research report on Monday, June 2nd. They set a "buy" rating for the company. Evercore ISI began coverage on shares of Visa in a report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target for the company. Finally, Piper Sandler upped their price objective on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $380.84.

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.