Visa Inc. (NYSE:V) Stock Position Reduced by Buck Wealth Strategies LLC

Buck Wealth Strategies LLC reduced its stake in shares of Visa Inc. (NYSE:V - Free Report) by 9.0% in 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 accounts for about 1.7% of Buck Wealth Strategies LLC's holdings, 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).

A number of other institutional investors and hedge funds have also recently bought and sold shares of V. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Visa in the fourth quarter worth $27,000. Compass Planning Associates Inc acquired a new stake in shares of Visa during the fourth quarter valued at $32,000. NewSquare Capital LLC purchased a new stake in Visa during the 4th quarter worth about $35,000. FPC Investment Advisory Inc. boosted its stake in shares of Visa by 377.3% during the 4th 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 during the last quarter. Finally, Sellwood Investment Partners LLC purchased a new stake in shares of Visa during the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

V has been the topic of several recent analyst reports. UBS Group upped their price objective on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. William Blair reiterated an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Macquarie decreased their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $359.00 to $425.00 in a research report on Thursday, June 5th. Five 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 company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $372.80.

Visa Stock Down 1.6%

Visa stock traded down $5.76 during midday trading on Wednesday, hitting $345.87. 6,830,572 shares of the stock were exchanged, compared to its average volume of 6,936,304. Visa Inc. has a 1 year low of $252.70 and a 1 year 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 cap of $638.19 billion, a P/E ratio of 34.76, a P/E/G ratio of 2.36 and a beta of 0.94. The company has a 50 day moving average price of $352.27 and a two-hundred day moving average price of $339.26.

Visa (NYSE:V - Get Free Report) last announced its 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 business had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period in the previous year, the company earned $2.51 earnings per share. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. On average, sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were paid 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 (DPR) is presently 23.72%.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 46,214 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the completion of the sale, the insider now owns 26,413 shares of the company's stock, valued at approximately $9,772,810. This trade represents a 63.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the completion of the sale, the chief executive officer now owns 537 shares of the company's stock, valued at approximately $188,186.28. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,098 shares of company stock worth $36,738,526 in the last three months. 0.13% of the stock is owned by insiders.

About Visa

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.