Koa Wealth Management LLC Trims Stock Position in Visa Inc. (NYSE:V)

Key Points

• Koa Wealth Management LLC reduced its stake in Visa Inc. by 10.5%, selling 1,112 shares in the first quarter, resulting in ownership of 9,436 shares worth approximately $3.3 million.
• Visa recently reported a 14.3% year-over-year increase in revenue, totaling $10.17 billion, and earnings per share of $2.98, exceeding analysts' expectations.
• The company announced a quarterly dividend of $0.59 per share, set to be paid on September 2nd, reflecting a 0.7% yield and a payout ratio of 23.05%.

Koa Wealth Management LLC decreased its position in Visa Inc. (NYSE:V - Free Report) by 10.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,436 shares of the credit-card processor's stock after selling 1,112 shares during the period. Visa comprises approximately 2.7% of Koa Wealth Management LLC's holdings, making the stock its 9th largest holding. Koa Wealth Management LLC's holdings in Visa were worth $3,307,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings 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 in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Visa by 68.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock worth $3,733,000 after buying an additional 4,817 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc raised its holdings in shares of Visa by 5.8% in the 4th quarter. Texas Capital Bank Wealth Management Services Inc now owns 4,177 shares of the credit-card processor's stock worth $1,320,000 after buying an additional 230 shares in the last quarter. Solano Wealth Investment Advisors LLC acquired a new position in shares of Visa in the 4th quarter worth approximately $412,000. Finally, Jaffetilchin Investment Partners LLC raised its holdings in shares of Visa by 3.7% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 20,304 shares of the credit-card processor's stock worth $6,417,000 after buying an additional 729 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Trading Up 1.4%

V traded up $4.77 during mid-day trading on Friday, reaching $336.86. The stock had a trading volume of 6,071,880 shares, compared to its average volume of 6,296,455. The stock has a market capitalization of $617.39 billion, a P/E ratio of 32.90, a P/E/G ratio of 2.25 and a beta of 0.94. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. The firm's fifty day simple moving average is $352.79 and its two-hundred day simple moving average is $347.26. Visa Inc. has a 52 week low of $258.74 and a 52 week high of $375.51.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, beating analysts' consensus estimates of $2.85 by $0.13. The firm had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%. The business's quarterly revenue was up 14.3% compared to the same quarter last year. During the same period last year, the company earned $2.42 EPS. On average, equities analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 12th. Visa's dividend payout ratio (DPR) is currently 23.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Citigroup assumed coverage on Visa in a report on Monday, June 2nd. They issued a "buy" rating for the company. Macquarie increased their target price on Visa from $380.00 to $425.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft assumed coverage on Visa in a report on Thursday, July 17th. They issued a "buy" rating and a $410.00 target price for the company. UBS Group reissued a "buy" rating and issued a $415.00 target price (up from $405.00) on shares of Visa in a report on Wednesday, July 30th. Finally, Morgan Stanley increased their target price on Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $380.84.

Insider Buying and Selling at Visa

In other 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 value of $17,099,180.00. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,630 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the transaction, the chief executive officer owned 537 shares in the company, valued at $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,100 shares of company stock worth $27,643,224 over the last 90 days. 0.13% of the stock is owned by corporate insiders.

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.