Calamos Advisors LLC trimmed its stake in Visa Inc. (NYSE:V - Free Report) by 4.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 713,318 shares of the credit-card processor's stock after selling 34,149 shares during the quarter. Visa makes up about 1.1% of Calamos Advisors LLC's portfolio, making the stock its 9th biggest holding. Calamos Advisors LLC's holdings in Visa were worth $249,989,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of V. Vanguard Group Inc. lifted its holdings in 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 purchasing an additional 7,079,706 shares during the last quarter. Geode Capital Management LLC grew its position in Visa by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor's stock worth $12,729,901,000 after acquiring an additional 1,689,926 shares during the last quarter. Capital International Investors grew its position in shares of Visa by 3.8% in the 4th quarter. Capital International Investors now owns 23,816,573 shares of the credit-card processor's stock valued at $7,526,660,000 after buying an additional 866,596 shares during the last quarter. Capital World Investors lifted its stake in shares of Visa by 1.0% in the 4th 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 during the period. Finally, Northern Trust Corp raised its stake in Visa by 18.0% during the 4th quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor's stock worth $5,771,116,000 after buying an additional 2,785,707 shares during the period. 82.15% of the stock is currently owned by institutional investors.
Visa Stock Up 1.3%
Shares of V stock traded up $4.48 during trading on Friday, hitting $358.70. 3,702,810 shares of the company were exchanged, compared to its average volume of 6,850,467. 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 firm has a market capitalization of $661.86 billion, a price-to-earnings ratio of 36.05, a P/E/G ratio of 2.43 and a beta of 0.92. The business's 50-day simple moving average is $355.79 and its 200 day simple moving average is $341.46. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51.
Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating 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 company had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter last year, the firm posted $2.51 earnings per share. The company's quarterly revenue was up 9.3% compared to the same quarter last year. As a group, analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.
Visa Dividend Announcement
The firm also recently declared 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 was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.66%. Visa's dividend payout ratio is currently 23.72%.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Truist Financial assumed coverage on Visa in a report on Monday, June 2nd. They issued a "buy" rating and a $400.00 target price for the company. Citigroup began coverage on Visa in a research report on Monday, June 2nd. They set a "buy" rating on the stock. BMO Capital Markets raised their target price on Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Susquehanna restated a "positive" rating on shares of Visa in a report on Friday, March 21st. Finally, Macquarie dropped their target price on shares of Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Five 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 company's stock. Based on data from MarketBeat, Visa currently has an average rating of "Moderate Buy" and an average price target of $372.84.
Read Our Latest Stock Report on V
Insider Activity
In related news, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the transaction, the chief executive officer owned 537 shares in the company, valued at $190,001.34. This represents a 94.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was 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 of the company's stock, valued at $9,904,875. This trade represents a 30.58% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 101,108 shares of company stock worth $36,771,200. Corporate insiders own 0.13% of the company's stock.
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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