Capital Advisors Inc. OK Has $46.35 Million Holdings in Visa Inc. (NYSE:V)

Capital Advisors Inc. OK reduced its stake in Visa Inc. (NYSE:V - Free Report) by 16.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 132,241 shares of the credit-card processor's stock after selling 25,873 shares during the period. Capital Advisors Inc. OK's holdings in Visa were worth $46,345,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of V. Norges Bank bought a new stake in shares of Visa in the fourth quarter valued at about $5,171,271,000. GAMMA Investing LLC boosted its position in shares of Visa by 38,416.3% in the first quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor's stock valued at $5,173,271,000 after acquiring an additional 14,723,050 shares during the period. Vanguard Group Inc. boosted its position in shares of Visa by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock valued at $50,378,465,000 after acquiring an additional 7,079,706 shares during the period. Northern Trust Corp lifted its position in Visa by 18.0% during the fourth quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor's stock worth $5,771,116,000 after purchasing an additional 2,785,707 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Visa during the fourth quarter worth about $673,689,000. Institutional investors own 82.15% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on V shares. Evercore ISI started coverage on shares of Visa in a research report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price objective for the company. Oppenheimer upped their price objective on shares of Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. BMO Capital Markets upped their price objective on shares of Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Susquehanna reaffirmed a "positive" rating on shares of Visa in a research report on Friday, March 21st. Finally, Truist Financial started coverage on shares of Visa in a research report on Monday, June 2nd. They set a "buy" rating and a $400.00 price objective for the company. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $372.84.

Visa Trading Down 0.6%

Shares of Visa stock traded down $2.21 on Tuesday, hitting $354.43. The stock had a trading volume of 6,964,583 shares, compared to its average volume of 6,694,419. The stock has a 50 day moving average of $356.17 and a 200 day moving average of $341.92. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51. 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 $653.98 billion, a P/E ratio of 35.62, a PEG ratio of 2.43 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm posted $2.51 earnings per share. The firm's revenue was up 9.3% compared to the same quarter last year. Sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio is currently 23.72%.

Insider Activity

In other news, insider Paul D. Fabara sold 46,214 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the transaction, the insider owned 26,413 shares of the company's stock, valued at $9,772,810. This represents a 63.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the sale, the general counsel directly owned 11,925 shares of the company's stock, valued at $4,121,041.50. This represents a 17.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,108 shares of company stock valued at $36,771,200 over the last quarter. 0.13% of the stock is owned by company insiders.

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.