Buck Wealth Strategies LLC trimmed its stake in Visa Inc. (NYSE:V - Free Report) by 9.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,342 shares of the credit-card processor's stock after selling 2,710 shares during the period. Visa comprises about 1.7% of Buck Wealth Strategies LLC's investment portfolio, making the stock its 24th biggest position. Buck Wealth Strategies LLC's holdings in Visa were worth $9,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Visa during the 4th quarter worth about $5,171,271,000. GAMMA Investing LLC lifted its holdings in shares of Visa by 38,416.3% during the 1st quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor's stock worth $5,173,271,000 after acquiring an additional 14,723,050 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Visa by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after acquiring an additional 7,079,706 shares during the period. Raymond James Financial Inc. bought a new position in shares of Visa during the 4th quarter worth about $1,955,403,000. Finally, Proficio Capital Partners LLC lifted its holdings in shares of Visa by 17,018.7% during the 4th quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock worth $1,248,079,000 after acquiring an additional 3,926,049 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.
Visa Stock Performance
Shares of V opened at $338.04 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51. The firm's 50 day moving average price is $351.78 and its two-hundred day moving average price is $338.74. The firm has a market cap of $623.73 billion, a P/E ratio of 33.97, a PEG ratio of 2.28 and a beta of 0.94.
Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data 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 net margin of 52.86% and a return on equity of 56.28%. The business had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the previous year, the firm posted $2.51 earnings per share. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. On average, analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.
Visa Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were issued a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.70%. Visa's dividend payout ratio is currently 23.72%.
Insider Buying and Selling at Visa
In related news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the transaction, the chief executive officer now directly owns 537 shares in the company, valued at approximately $188,186.28. This represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul D. Fabara sold 14,813 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $355.04, for a total transaction of $5,259,207.52. Following the completion of the transaction, the insider now owns 26,413 shares in the company, valued at $9,377,671.52. This trade represents a 35.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,098 shares of company stock worth $36,738,526 over the last ninety days. Insiders own 0.13% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Piper Sandler lifted their price target on shares of Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Citigroup began coverage on shares of Visa in a report on Monday, June 2nd. They set a "buy" rating for the company. Truist Financial began coverage on shares of Visa in a report on Monday, June 2nd. They set a "buy" rating and a $400.00 price target for the company. Finally, Mizuho raised shares of Visa from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $359.00 to $425.00 in a report on Thursday, June 5th. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $372.80.
Get Our Latest Stock Report on Visa
About Visa
(
Free Report)
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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