Capital Management Associates Inc Increases Holdings in Visa Inc. (NYSE:V)

Capital Management Associates Inc lifted its position in shares of Visa Inc. (NYSE:V - Free Report) by 93.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,418 shares of the credit-card processor's stock after acquiring an additional 1,170 shares during the quarter. Capital Management Associates Inc's holdings in Visa were worth $847,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sovereign Investment Advisors LLC bought a new stake in shares of Visa during the fourth quarter valued at approximately $424,000. Brighton Jones LLC increased its position in Visa by 50.1% in the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock worth $6,522,000 after buying an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Visa by 68.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock worth $3,733,000 after acquiring an additional 4,817 shares during the period. Bank Pictet & Cie Europe AG raised its position in Visa by 2.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 639,608 shares of the credit-card processor's stock valued at $202,142,000 after purchasing an additional 14,367 shares during the period. Finally, Highview Capital Management LLC DE raised its holdings in shares of Visa by 3.1% in the fourth quarter. Highview Capital Management LLC DE now owns 19,997 shares of the credit-card processor's stock worth $6,320,000 after buying an additional 604 shares during the period. Institutional investors own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,630 shares of Visa 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 sale, the chief executive officer directly owned 537 shares in the company, valued at approximately $190,001.34. The trade was a 94.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 value of $4,363,500.00. Following the transaction, the insider owned 26,413 shares in the company, valued at approximately $9,904,875. This represents a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,108 shares of company stock valued at $36,771,200 in the last three months. Company insiders own 0.13% of the company's stock.

Visa Trading Down 0.6%

Shares of V stock opened at $354.43 on Wednesday. The firm's 50 day moving average is $356.43 and its 200 day moving average is $342.00. The stock has a market capitalization of $653.98 billion, a P/E ratio of 35.62, a P/E/G ratio of 2.42 and a beta of 0.92. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $375.51. 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 (NYSE:V - Get Free Report) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. The company had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. Visa's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.51 EPS. Research analysts expect that Visa Inc. will post 11.3 earnings per share for the current 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 given a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.67%. Visa's dividend payout ratio (DPR) is 23.72%.

Wall Street Analyst Weigh In

Several analysts have issued reports on V shares. Susquehanna reaffirmed a "positive" rating on shares of Visa in a research report on Friday, March 21st. Piper Sandler lifted their price objective on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Oppenheimer boosted their target price on Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Truist Financial initiated coverage on Visa in a report on Monday, June 2nd. They issued a "buy" rating and a $400.00 price objective on the stock. Finally, Mizuho raised Visa from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $359.00 to $425.00 in a research report on Thursday, June 5th. Five investment 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 MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $372.84.

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.

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