Copperwynd Financial LLC Has $1.63 Million Holdings in Visa Inc. $V

Key Points

• Copperwynd Financial LLC reduced its stake in Visa Inc. by 13.8%, holding 4,576 shares valued at approximately $1.63 million after selling 734 shares.
• CEO Ryan Mcinerney sold 10,485 shares at an average price of $342.30, significantly reducing his ownership by 95.13% following the sale.
• Visa's latest quarterly earnings beat estimates with a revenue of $10.17 billion and an earnings per share (EPS) of $2.98, up 14.3% year-over-year.

Copperwynd Financial LLC cut its stake in shares of Visa Inc. (NYSE:V - Free Report) by 13.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,576 shares of the credit-card processor's stock after selling 734 shares during the period. Copperwynd Financial LLC's holdings in Visa were worth $1,625,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in V. Keystone Global Partners LLC acquired a new stake in shares of Visa during the first quarter worth $26,000. von Borstel & Associates Inc. acquired a new stake in shares of Visa during the first quarter worth $27,000. Family Legacy Financial Solutions LLC acquired a new stake in shares of Visa during the second quarter worth $28,000. Cranbrook Wealth Management LLC grew its stake in shares of Visa by 82.0% during the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor's stock worth $32,000 after purchasing an additional 41 shares during the period. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Visa during the first quarter worth $38,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the completion of the transaction, the chief executive officer owned 537 shares in the company, valued at approximately $183,815.10. This represents a 95.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the transaction, the general counsel owned 11,925 shares of the company's stock, valued at $4,102,438.50. The trade was a 14.53% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

Visa Price Performance

Shares of V opened at $343.63 on Monday. The stock has a market capitalization of $629.79 billion, a P/E ratio of 33.56, a P/E/G ratio of 2.03 and a beta of 0.90. Visa Inc. has a twelve month low of $275.37 and a twelve month high of $375.51. The company has a 50 day moving average of $343.77 and a 200-day moving average of $346.97. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, topping analysts' consensus estimates of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. During the same quarter in the previous year, the firm posted $2.42 earnings per share. The firm's revenue for the quarter was up 14.3% on a year-over-year basis. As a group, equities research analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, August 12th. This represents a $2.36 annualized dividend and a yield of 0.7%. Visa's dividend payout ratio is presently 23.05%.

Analyst Upgrades and Downgrades

V has been the subject of a number of research analyst reports. Morgan Stanley boosted their target price on Visa from $386.00 to $402.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Weiss Ratings reissued a "buy (b)" rating on shares of Visa in a research note on Wednesday, October 8th. Oppenheimer boosted their target price on Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Erste Group Bank cut Visa from a "buy" rating to a "hold" rating in a research note on Monday, September 22nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Visa in a research note on Thursday, July 17th. They issued a "buy" rating and a $410.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $389.00.

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.

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