HBW Advisory Services LLC Sells 1,006 Shares of Visa Inc. (NYSE:V)

HBW Advisory Services LLC decreased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 6.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,643 shares of the credit-card processor's stock after selling 1,006 shares during the quarter. Visa comprises approximately 0.7% of HBW Advisory Services LLC's portfolio, making the stock its 27th biggest holding. HBW Advisory Services LLC's holdings in Visa were worth $4,781,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in V. Merit Financial Group LLC grew its holdings in Visa by 13.3% during the 1st quarter. Merit Financial Group LLC now owns 59,030 shares of the credit-card processor's stock valued at $20,688,000 after buying an additional 6,909 shares in the last quarter. Paladin Wealth LLC boosted its position in shares of Visa by 1.4% in the first quarter. Paladin Wealth LLC now owns 3,906 shares of the credit-card processor's stock valued at $1,369,000 after acquiring an additional 55 shares during the period. Lbmc Investment Advisors LLC boosted its position in shares of Visa by 10.9% in the first quarter. Lbmc Investment Advisors LLC now owns 3,245 shares of the credit-card processor's stock valued at $1,137,000 after acquiring an additional 320 shares during the period. Donor Advised Charitable Giving Inc. purchased a new position in Visa during the first quarter valued at approximately $219,000. Finally, Gradient Investments LLC increased its holdings in Visa by 1.7% during the 1st quarter. Gradient Investments LLC now owns 151,312 shares of the credit-card processor's stock worth $53,029,000 after acquiring an additional 2,599 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on V. Mizuho raised shares of Visa from a "neutral" rating to an "outperform" rating and raised their price target for the company from $359.00 to $425.00 in a report on Thursday. Truist Financial initiated coverage on Visa in a research note on Monday. They set a "buy" rating and a $400.00 price objective for the company. Susquehanna restated a "positive" rating on shares of Visa in a research report on Friday, March 21st. Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, BMO Capital Markets boosted 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. Five equities research 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, the company has an average rating of "Moderate Buy" and a consensus target price of $372.80.

Visa Trading Up 1.0%

V stock traded up $3.67 during midday trading on Friday, hitting $370.44. The company had a trading volume of 5,007,822 shares, compared to its average volume of 7,012,103. The stock has a market cap of $683.52 billion, a price-to-earnings ratio of 37.34, a PEG ratio of 2.33 and a beta of 0.96. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $371.00. 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 stock's 50 day moving average price is $345.45 and its 200 day moving average price is $335.50.

Visa (NYSE:V - Get Free Report) last posted 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 company had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm's revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.51 EPS. As a group, equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is 23.72%.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 46,214 shares of Visa stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the sale, the insider now owns 26,413 shares of the company's stock, valued at approximately $9,772,810. The trade was a 63.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $2,978,899.60. Following the completion of the transaction, the chief executive officer now directly owns 537 shares of the company's stock, valued at approximately $185,576.46. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 168,162 shares of company stock worth $58,645,479. Company insiders own 0.13% of the company's stock.

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.