HS Management Partners LLC Sells 66,055 Shares of Visa Inc. (NYSE:V)

HS Management Partners LLC reduced its position in Visa Inc. (NYSE:V - Free Report) by 47.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,265 shares of the credit-card processor's stock after selling 66,055 shares during the quarter. Visa comprises about 2.1% of HS Management Partners LLC's portfolio, making the stock its 23rd largest position. HS Management Partners LLC's holdings in Visa were worth $26,027,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of V. von Borstel & Associates Inc. bought a new stake in Visa during the 1st quarter worth approximately $27,000. Sellwood Investment Partners LLC bought a new stake in shares of Visa in the 4th quarter valued at $41,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of Visa during the 4th quarter valued at $47,000. Measured Risk Portfolios Inc. acquired a new position in shares of Visa during the 4th quarter valued at $47,000. Finally, Navigoe LLC acquired a new position in shares of Visa during the 4th quarter valued at $53,000. 82.15% of the stock is owned by institutional investors.

Visa Price Performance

Shares of NYSE V opened at $348.90 on Friday. The stock's 50-day moving average is $356.82 and its two-hundred day moving average is $343.63. 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 1-year low of $252.70 and a 1-year high of $375.51. The company has a market cap of $643.78 billion, a price-to-earnings ratio of 35.07, a price-to-earnings-growth ratio of 2.37 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.51 earnings per share. Analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.68%. The ex-dividend date was Tuesday, May 13th. Visa's payout ratio is currently 23.72%.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 46,214 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the completion of the transaction, the insider owned 26,413 shares of the company's stock, valued at approximately $9,772,810. This trade represents a 63.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the transaction, the general counsel owned 11,925 shares in the company, valued at $4,121,041.50. The trade was 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 ninety days. Corporate insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Piper Sandler upped their target price on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Truist Financial decreased their price objective on shares of Visa from $400.00 to $397.00 and set a "buy" rating for the company in a report on Thursday. Mizuho upgraded shares of Visa from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $359.00 to $425.00 in a report on Thursday, June 5th. Susquehanna restated a "positive" rating on shares of Visa in a report on Friday, March 21st. Finally, Evercore ISI assumed coverage on shares of Visa in a report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price objective for the company. Five 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 company. According to MarketBeat.com, Visa currently has an average rating of "Moderate Buy" and a consensus target price of $375.52.

Visa Company 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.

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