C WorldWide Group Holding A S Sells 43,031 Shares of Visa Inc. (NYSE:V)

C WorldWide Group Holding A S cut its position in shares of Visa Inc. (NYSE:V - Free Report) by 1.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,210,444 shares of the credit-card processor's stock after selling 43,031 shares during the period. Visa makes up about 9.6% of C WorldWide Group Holding A S's portfolio, making the stock its biggest holding. C WorldWide Group Holding A S owned about 0.12% of Visa worth $774,672,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in V. Lakeridge Wealth Management LLC raised its position in Visa by 5.7% during the first quarter. Lakeridge Wealth Management LLC now owns 1,507 shares of the credit-card processor's stock valued at $528,000 after purchasing an additional 81 shares during the period. Blue Rock Wealth Management LLC bought a new position in shares of Visa during the 4th quarter valued at approximately $306,000. Aptus Capital Advisors LLC raised its holdings in Visa by 19.8% during the 4th quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor's stock valued at $57,727,000 after buying an additional 30,185 shares during the period. Eagle Strategies LLC lifted its position in Visa by 2.5% in the fourth quarter. Eagle Strategies LLC now owns 2,568 shares of the credit-card processor's stock worth $811,000 after buying an additional 63 shares during the last quarter. Finally, Rafferty Asset Management LLC lifted its position in Visa by 7.7% in the fourth quarter. Rafferty Asset Management LLC now owns 610,517 shares of the credit-card processor's stock worth $192,948,000 after buying an additional 43,546 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on V shares. Barclays restated an "overweight" rating on shares of Visa in a report on Friday, June 13th. Macquarie lowered their target price on shares of Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Evercore ISI began coverage on shares of Visa in a report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Visa in a report on Thursday. They set a "buy" rating and a $410.00 price objective for the company. Finally, Citigroup initiated coverage on shares of Visa in a research note on Monday, June 2nd. They issued a "buy" rating on the stock. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Visa has an average rating of "Moderate Buy" and a consensus target price of $375.52.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer directly owned 537 shares of the company's stock, valued at approximately $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the sale, the general counsel owned 11,925 shares in the company, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,108 shares of company stock worth $36,771,200. Company insiders own 0.13% of the company's stock.

Visa Stock Down 0.3%

Shares of NYSE:V traded down $0.91 during trading on Friday, reaching $348.90. The stock had a trading volume of 4,916,998 shares, compared to its average volume of 6,795,706. The firm's 50-day simple moving average is $356.82 and its 200 day simple moving average is $343.63. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. Visa Inc. has a one year low of $252.70 and a one year high of $375.51. The company has a market capitalization of $643.78 billion, a P/E ratio of 35.07, a PEG ratio of 2.37 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share 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 firm had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. During the same quarter last year, the firm earned $2.51 EPS. The business's quarterly revenue was up 9.3% on a year-over-year basis. As a group, research analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders 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 annualized dividend and a dividend yield of 0.68%. Visa's payout ratio is currently 23.72%.

Visa 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.