Visa Inc. (NYSE:V) Shares Acquired by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. lifted its position in Visa Inc. (NYSE:V - Free Report) by 0.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 355,288 shares of the credit-card processor's stock after purchasing an additional 1,124 shares during the quarter. Visa comprises 1.7% of Cullen Frost Bankers Inc.'s holdings, making the stock its 9th largest position. Cullen Frost Bankers Inc.'s holdings in Visa were worth $124,514,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. von Borstel & Associates Inc. purchased a new position in Visa during the first quarter valued at approximately $27,000. Sellwood Investment Partners LLC purchased a new stake in shares of Visa in the fourth quarter valued at approximately $41,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Visa in the fourth quarter valued at approximately $47,000. Measured Risk Portfolios Inc. purchased a new stake in shares of Visa in the fourth quarter valued at approximately $47,000. Finally, Navigoe LLC purchased a new stake in shares of Visa in the fourth quarter valued at approximately $53,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the sale, the chief executive officer directly owned 537 shares of the company's stock, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 11,636 shares of the 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 sale, the insider directly owned 26,413 shares of the company's stock, valued at $9,904,875. The trade was 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. 0.13% of the stock is currently owned by company insiders.

Visa Stock Up 0.0%

Shares of V traded up $0.11 during mid-day trading on Thursday, reaching $350.01. The company's stock had a trading volume of 4,746,959 shares, compared to its average volume of 6,798,201. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $375.51. The stock has a market cap of $645.82 billion, a PE ratio of 35.18, a price-to-earnings-growth ratio of 2.37 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08. The company's 50 day moving average is $356.94 and its 200 day moving average is $343.16.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.51 EPS. Equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. Visa's dividend payout ratio (DPR) is presently 23.72%.

Analysts Set New Price Targets

A number of analysts have recently commented on V shares. Deutsche Bank Aktiengesellschaft started coverage on Visa in a research report on Thursday. They issued a "buy" rating and a $410.00 price objective for the company. Jefferies Financial Group lifted their price target on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. UBS Group boosted their price objective on Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Finally, Mizuho raised Visa from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $359.00 to $425.00 in a research note on Thursday, June 5th. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Visa currently has an average rating of "Moderate Buy" and an average target price of $375.52.

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.