Diversified Portfolios Inc. Has $593,000 Holdings in Visa Inc. (NYSE:V)

Diversified Portfolios Inc. cut its stake in Visa Inc. (NYSE:V - Free Report) by 34.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,693 shares of the credit-card processor's stock after selling 890 shares during the period. Diversified Portfolios Inc.'s holdings in Visa were worth $593,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Visa during the fourth quarter valued at approximately $27,000. Compass Planning Associates Inc bought a new stake in Visa during the fourth quarter worth approximately $32,000. NewSquare Capital LLC bought a new stake in shares of Visa during the 4th quarter worth $35,000. FPC Investment Advisory Inc. raised its position in shares of Visa by 377.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock worth $36,000 after purchasing an additional 83 shares during the period. Finally, Sellwood Investment Partners LLC acquired a new position in shares of Visa in the 4th quarter valued at $41,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Barclays reiterated an "overweight" rating on shares of Visa in a report on Friday, June 13th. Jefferies Financial Group increased their target price on shares of Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. William Blair reiterated an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Finally, Evercore ISI assumed coverage on Visa in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price on the stock. Five research 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 company's stock. According to data from MarketBeat.com, Visa presently has an average rating of "Moderate Buy" and an average target price of $372.80.

Visa Price Performance

NYSE:V traded up $7.90 during mid-day trading on Tuesday, hitting $351.65. The company's stock had a trading volume of 10,161,625 shares, compared to its average volume of 7,056,898. The company has a market capitalization of $648.84 billion, a price-to-earnings ratio of 35.34, a P/E/G ratio of 2.28 and a beta of 0.94. 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 Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $375.51. The stock has a fifty day moving average of $351.95 and a 200-day moving average of $339.18.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 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 business had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the previous year, the firm earned $2.51 EPS. Visa's quarterly revenue was up 9.3% on a year-over-year basis. As a group, equities analysts forecast 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. Stockholders of record on Tuesday, May 13th were issued 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 payout ratio is 23.72%.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 11,636 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the sale, the insider now owns 26,413 shares of the company's stock, valued at $9,904,875. This represents a 30.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the transaction, the general counsel now directly owns 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 101,098 shares of company stock valued at $36,738,526. 0.13% of the stock is owned by insiders.

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.