Visa Inc. (NYSE:V) Shares Sold by Heirloom Wealth Management

Heirloom Wealth Management lowered its holdings in Visa Inc. (NYSE:V - Free Report) by 6.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 69,023 shares of the credit-card processor's stock after selling 4,393 shares during the quarter. Visa comprises about 6.9% of Heirloom Wealth Management's investment portfolio, making the stock its 3rd largest position. Heirloom Wealth Management's holdings in Visa were worth $24,190,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. NewSquare Capital LLC acquired a new position in Visa during the 4th quarter valued at about $35,000. Sellwood Investment Partners LLC bought a new stake in shares of Visa during the fourth quarter worth approximately $41,000. Mountain Hill Investment Partners Corp. acquired a new position in Visa in the fourth quarter valued at approximately $47,000. Measured Risk Portfolios Inc. bought a new position in Visa in the fourth quarter valued at approximately $47,000. Finally, Navigoe LLC acquired a new stake in Visa during the 4th quarter worth $53,000. Institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 46,214 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the transaction, the insider directly owned 26,413 shares in the company, valued at $9,772,810. This trade represents a 63.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the business'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 directly 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 a total of 101,098 shares of company stock worth $36,738,526 in the last three months. Insiders own 0.13% of the company's stock.

Visa Stock Up 1.9%

Visa stock traded up $6.49 during midday trading on Monday, reaching $355.10. The stock had a trading volume of 7,077,697 shares, compared to its average volume of 6,879,706. The stock has a market capitalization of $655.22 billion, a P/E ratio of 35.69, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94. The firm's fifty day simple moving average is $353.30 and its 200-day simple moving average is $340.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. 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 posted its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The company had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same period last year, the company earned $2.51 earnings per share. The firm's revenue was up 9.3% compared to the same quarter last year. As a group, analysts expect that Visa Inc. will post 11.3 EPS 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. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.66%. Visa's dividend payout ratio (DPR) is presently 23.72%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Piper Sandler increased their price target on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Susquehanna reiterated a "positive" rating on shares of Visa in a report on Friday, March 21st. BMO Capital Markets increased their target price on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Macquarie decreased their target price on Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, Jefferies Financial Group upped their price target on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $372.80.

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.