Board of the Pension Protection Fund Sells 900 Shares of Visa Inc. (NYSE:V)

Board of the Pension Protection Fund lessened its stake in shares of Visa Inc. (NYSE:V - Free Report) by 26.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 2,500 shares of the credit-card processor's stock after selling 900 shares during the period. Board of the Pension Protection Fund's holdings in Visa were worth $876,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Tanager Wealth Management LLP increased its stake in shares of Visa by 53.0% in the first quarter. Tanager Wealth Management LLP now owns 1,126 shares of the credit-card processor's stock worth $395,000 after purchasing an additional 390 shares in the last quarter. TFC Financial Management Inc. boosted its holdings in Visa by 4.1% in the 1st quarter. TFC Financial Management Inc. now owns 1,513 shares of the credit-card processor's stock worth $530,000 after buying an additional 60 shares during the period. Elite Life Management LLC increased its stake in Visa by 2.7% in the 1st quarter. Elite Life Management LLC now owns 1,419 shares of the credit-card processor's stock worth $497,000 after buying an additional 37 shares in the last quarter. Stone Summit Wealth LLC raised its holdings in Visa by 5.4% during the first quarter. Stone Summit Wealth LLC now owns 7,435 shares of the credit-card processor's stock valued at $2,606,000 after acquiring an additional 379 shares during the period. Finally, Falcon Wealth Planning raised its holdings in Visa by 10.5% during the first quarter. Falcon Wealth Planning now owns 1,622 shares of the credit-card processor's stock valued at $568,000 after acquiring an additional 154 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on V shares. BMO Capital Markets increased their target price on Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Wall Street Zen upgraded Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. UBS Group lifted their price objective on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. William Blair restated an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Finally, Barclays reaffirmed an "overweight" rating on shares of Visa in a research note on Friday, June 13th. 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's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $372.80.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $362.77, for a total value of $3,127,077.40. Following the sale, the chief executive officer now owns 537 shares in the company, valued at $194,807.49. This trade represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total value of $4,363,500.00. Following the sale, the insider now owns 26,413 shares of the company's stock, valued at approximately $9,904,875. This trade represents a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,098 shares of company stock valued at $36,738,526. Company insiders own 0.13% of the company's stock.

Visa Price Performance

Shares of Visa stock opened at $349.13 on Friday. The stock has a market cap of $644.20 billion, a price-to-earnings ratio of 35.09, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a 50 day moving average price of $353.30 and a 200-day moving average price of $339.83. Visa Inc. has a one year low of $252.70 and a one year high of $375.51.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (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 the consensus estimate of $9.57 billion. During the same period last year, the company earned $2.51 earnings per share. Visa's revenue was up 9.3% on a year-over-year basis. Equities analysts expect that Visa Inc. will post 11.3 EPS for the current 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 issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. Visa's dividend payout ratio (DPR) is presently 23.72%.

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.

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