First National Bank of Mount Dora Trust Investment Services Sells 1,554 Shares of Visa Inc. (NYSE:V)

First National Bank of Mount Dora Trust Investment Services lessened its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 8.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,593 shares of the credit-card processor's stock after selling 1,554 shares during the quarter. First National Bank of Mount Dora Trust Investment Services' holdings in Visa were worth $5,815,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Blue Rock Wealth Management LLC purchased a new stake in shares of Visa in the fourth quarter worth about $306,000. Aptus Capital Advisors LLC boosted its position in shares of Visa by 19.8% during the 4th quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor's stock valued at $57,727,000 after acquiring an additional 30,185 shares during the last quarter. King Wealth Management Group grew its holdings in shares of Visa by 9.0% in the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock valued at $23,663,000 after purchasing an additional 6,172 shares in the last quarter. Eagle Strategies LLC increased its position in Visa by 2.5% in the fourth quarter. Eagle Strategies LLC now owns 2,568 shares of the credit-card processor's stock worth $811,000 after purchasing an additional 63 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new stake in Visa in the fourth quarter worth $10,163,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the sale, the insider now owns 26,413 shares of the company's stock, valued at approximately $8,991,249.33. This trade represents a 59.84% 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, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the completion of the transaction, the chief executive officer now owns 537 shares in the company, valued at $188,186.28. This represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,448 shares of company stock worth $50,133,659. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group increased their price objective 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. Piper Sandler lifted their price target on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Susquehanna restated a "positive" rating on shares of Visa in a research report on Friday, March 21st. Truist Financial assumed coverage on Visa in a research note on Monday, June 2nd. They issued a "buy" rating and a $400.00 price objective for the company. Finally, Citigroup began coverage on Visa in a research report on Monday, June 2nd. They set a "buy" rating on the stock. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $372.80.

Visa Trading Down 5.0%

Shares of Visa stock traded down $18.65 on Friday, hitting $352.75. 14,176,249 shares of the company traded hands, compared to its average volume of 7,024,855. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market cap of $650.87 billion, a PE ratio of 35.56, a PEG ratio of 2.33 and a beta of 0.94. The stock's 50 day moving average price is $348.87 and its 200-day moving average price is $337.17. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $375.51.

Visa (NYSE:V - Get Free Report) last issued its 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. Visa had a return on equity of 54.79% and a net margin of 54.27%. The business had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same period in the previous year, the company posted $2.51 EPS. Visa's revenue was up 9.3% on a year-over-year basis. Equities research analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

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

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.