Visa Inc. (NYSE:V) Shares Sold by Dividend Assets Capital LLC

Dividend Assets Capital LLC cut its stake in shares of Visa Inc. (NYSE:V - Free Report) by 12.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,099 shares of the credit-card processor's stock after selling 7,293 shares during the quarter. Visa makes up 3.5% of Dividend Assets Capital LLC's portfolio, making the stock its 5th largest holding. Dividend Assets Capital LLC's holdings in Visa were worth $18,259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in V. Ibex Wealth Advisors increased its holdings in shares of Visa by 7.8% in the 1st quarter. Ibex Wealth Advisors now owns 45,680 shares of the credit-card processor's stock worth $16,009,000 after acquiring an additional 3,307 shares during the period. Manitou Investment Management Ltd. boosted its stake in Visa by 25.0% during the 1st quarter. Manitou Investment Management Ltd. now owns 4,094 shares of the credit-card processor's stock valued at $1,435,000 after purchasing an additional 819 shares during the period. SJS Investment Consulting Inc. grew its position in Visa by 1.8% in the 1st quarter. SJS Investment Consulting Inc. now owns 10,852 shares of the credit-card processor's stock worth $3,803,000 after purchasing an additional 190 shares during the last quarter. Sonora Investment Management Group LLC grew its position in Visa by 3.7% in the 1st quarter. Sonora Investment Management Group LLC now owns 53,761 shares of the credit-card processor's stock worth $18,841,000 after purchasing an additional 1,926 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Visa by 4.1% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 65,915 shares of the credit-card processor's stock valued at $23,093,000 after purchasing an additional 2,600 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Price Performance

Shares of NYSE V traded down $18.65 during mid-day trading on Friday, reaching $352.75. The company had a trading volume of 14,176,249 shares, compared to its average volume of 7,023,536. The company has a 50-day moving average price of $349.76 and a two-hundred day moving average price of $337.45. The stock has a market cap of $650.87 billion, a PE ratio of 35.56, a P/E/G ratio of 2.33 and a beta of 0.94. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $375.51.

Visa (NYSE:V - Get Free Report) last released its quarterly 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 business had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. Visa's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the company posted $2.51 EPS. On average, equities analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.59 per share. The ex-dividend date 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 is 23.72%.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business'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 $2,978,899.60. Following the completion of the sale, the chief executive officer now directly owns 537 shares in the company, valued at approximately $185,576.46. The trade was a 94.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the completion of the transaction, the insider now owns 26,413 shares in the company, valued at $8,991,249.33. The trade was a 59.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 140,448 shares of company stock worth $50,133,659. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on V shares. Macquarie decreased their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Wall Street Zen upgraded Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. BMO Capital Markets raised their price target on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Susquehanna restated a "positive" rating on shares of Visa in a research note on Friday, March 21st. Finally, UBS Group increased their target price on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $372.80.

Visa 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.