Jacobs & Co. CA lessened its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 1.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,701 shares of the credit-card processor's stock after selling 920 shares during the quarter. Visa makes up 3.1% of Jacobs & Co. CA's portfolio, making the stock its 4th biggest position. Jacobs & Co. CA's holdings in Visa were worth $29,334,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Capital & Planning LLC grew its holdings in Visa by 21.2% in the fourth quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor's stock worth $300,000 after purchasing an additional 166 shares during the period. Sovereign Investment Advisors LLC bought a new stake in shares of Visa in the 4th quarter worth approximately $424,000. Brighton Jones LLC grew its stake in shares of Visa by 50.1% in the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock worth $6,522,000 after buying an additional 6,883 shares during the last quarter. First Citizens Bank & Trust Co. increased its position in Visa by 1.1% during the 4th quarter. First Citizens Bank & Trust Co. now owns 63,574 shares of the credit-card processor's stock valued at $20,092,000 after buying an additional 668 shares in the last quarter. Finally, Regency Capital Management Inc. DE raised its stake in Visa by 2.2% during the fourth quarter. Regency Capital Management Inc. DE now owns 11,304 shares of the credit-card processor's stock valued at $3,573,000 after buying an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on V shares. William Blair reissued an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. Susquehanna reissued a "positive" rating on shares of Visa in a research report on Friday, March 21st. Oppenheimer restated an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Citigroup reiterated a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. Finally, Piper Sandler raised their price target on shares of Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Visa currently has an average rating of "Moderate Buy" and an average price target of $366.13.
View Our Latest Analysis on V
Insider Buying and Selling
In other Visa news, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at $8,642,333.60. This represents a 59.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00. Following the transaction, the chief executive officer now directly owns 537 shares in the company, valued at approximately $194,931. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 121,948 shares of company stock valued at $41,548,282. 0.13% of the stock is owned by company insiders.
Visa Stock Performance
Shares of Visa stock traded up $3.03 during trading hours on Friday, reaching $365.43. 8,725,642 shares of the stock traded hands, compared to its average volume of 7,023,744. Visa Inc. has a one year low of $252.70 and a one year high of $369.15. The firm has a market capitalization of $674.28 billion, a price-to-earnings ratio of 36.84, a P/E/G ratio of 2.33 and a beta of 0.96. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a 50 day moving average price of $342.99 and a 200 day moving average price of $333.16.
Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The company 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 business posted $2.51 earnings per share. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.
Visa Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.65%. Visa's dividend payout ratio (DPR) is 23.72%.
About Visa
(
Free Report)
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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