Flossbach Von Storch SE Trims Stake in Visa Inc. (NYSE:V)

Flossbach Von Storch SE cut its stake in Visa Inc. (NYSE:V - Free Report) by 21.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,219,828 shares of the credit-card processor's stock after selling 611,427 shares during the quarter. Visa comprises about 3.4% of Flossbach Von Storch SE's holdings, making the stock its 13th largest position. Flossbach Von Storch SE owned 0.12% of Visa worth $777,961,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. von Borstel & Associates Inc. purchased a new position in Visa during the first quarter worth about $27,000. Sellwood Investment Partners LLC purchased a new position in Visa during the fourth quarter worth about $41,000. Mountain Hill Investment Partners Corp. purchased a new position in Visa during the fourth quarter worth about $47,000. Measured Risk Portfolios Inc. purchased a new position in Visa during the fourth quarter worth about $47,000. Finally, O Brien Wealth Partners LLC purchased a new position in Visa during the first quarter worth about $54,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of the company's 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 transaction, the chief executive officer owned 537 shares in the company, valued at approximately $190,001.34. This represents a 94.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the transaction, the general counsel 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. Insiders sold 101,108 shares of company stock valued at $36,771,200 in the last 90 days. Insiders own 0.13% of the company's stock.

Visa Trading Down 0.6%

V traded down $2.20 during midday trading on Thursday, reaching $355.56. 6,116,019 shares of the company's stock traded hands, compared to its average volume of 6,837,832. The firm has a fifty day moving average of $356.66 and a two-hundred day moving average of $342.11. The stock has a market capitalization of $656.07 billion, a price-to-earnings ratio of 35.74, a P/E/G ratio of 2.40 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. 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 released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. Visa's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior 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 fiscal year.

Visa Dividend Announcement

The firm also recently declared 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 0.66%. The ex-dividend date was Tuesday, May 13th. Visa's payout ratio is 23.72%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. BMO Capital Markets upped their price objective on Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Susquehanna reiterated a "positive" rating on shares of Visa in a report on Friday, March 21st. Citigroup assumed coverage on Visa in a report on Monday, June 2nd. They issued a "buy" rating for the company. Barclays reiterated an "overweight" rating on shares of Visa in a report on Friday, June 13th. Finally, William Blair reiterated an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $372.84.

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.