Dempze Nancy E Reduces Holdings in Visa Inc. (NYSE:V)

Dempze Nancy E lessened its position in Visa Inc. (NYSE:V - Free Report) by 15.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,469 shares of the credit-card processor's stock after selling 1,320 shares during the quarter. Visa makes up 1.6% of Dempze Nancy E's investment portfolio, making the stock its 27th largest holding. Dempze Nancy E's holdings in Visa were worth $2,618,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. von Borstel & Associates Inc. acquired a new position in shares of Visa during the first quarter worth about $27,000. Sellwood Investment Partners LLC acquired a new position in shares of Visa during the fourth quarter worth $41,000. Measured Risk Portfolios Inc. purchased a new position in Visa in the fourth quarter valued at $47,000. Navigoe LLC acquired a new stake in Visa in the fourth quarter valued at $53,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of Visa during the 1st quarter worth about $54,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction 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 transaction, the chief executive officer directly owned 537 shares of the company's stock, valued at approximately $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the sale, the general counsel directly owned 11,925 shares in the company, valued at $4,121,041.50. This trade represents a 17.76% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 101,108 shares of company stock worth $36,771,200. Company insiders own 0.13% of the company's stock.

Visa Price Performance

Shares of Visa stock traded down $0.99 during trading on Thursday, reaching $354.30. The company's stock had a trading volume of 5,882,734 shares, compared to its average volume of 5,551,461. The business has a 50 day moving average price of $356.47 and a 200-day moving average price of $344.69. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $375.51. The company has a market capitalization of $653.74 billion, a P/E ratio of 35.61, a price-to-earnings-growth ratio of 2.40 and a beta of 0.92. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the firm earned $2.51 EPS. The business's revenue was up 9.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were issued 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 yield of 0.67%. Visa's dividend payout ratio (DPR) is presently 23.72%.

Analyst Upgrades and Downgrades

V has been the topic of several research analyst reports. Citigroup assumed coverage on Visa in a research report on Monday, June 2nd. They set a "buy" rating on the stock. Truist Financial reduced their price objective on shares of Visa from $400.00 to $397.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Visa in a research report on Thursday, July 17th. They issued a "buy" rating and a $410.00 target price on the stock. UBS Group upped their price objective on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Finally, Oppenheimer lifted their target price on Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Five analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.