Livforsakringsbolaget Skandia Omsesidigt Sells 18,080 Shares of Visa Inc. $V

Livforsakringsbolaget Skandia Omsesidigt cut its holdings in Visa Inc. (NYSE:V - Free Report) by 27.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,835 shares of the credit-card processor's stock after selling 18,080 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Visa were worth $16,984,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Keystone Global Partners LLC purchased a new stake in Visa in the 1st quarter valued at about $26,000. von Borstel & Associates Inc. purchased a new stake in Visa in the 1st quarter valued at about $27,000. 1 North Wealth Services LLC purchased a new stake in Visa in the 1st quarter valued at about $38,000. Anderson Financial Strategies LLC purchased a new stake in Visa in the 1st quarter valued at about $53,000. Finally, O Brien Wealth Partners LLC purchased a new stake in Visa in the 1st quarter valued at about $54,000. 82.15% of the stock is currently owned by institutional investors.

Visa Trading Down 0.1%

NYSE V opened at $338.96 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. The firm has a market cap of $621.24 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 2.26 and a beta of 0.92. The company has a 50 day moving average price of $346.67 and a 200 day moving average price of $346.69. Visa Inc. has a 52 week low of $268.23 and a 52 week high of $375.51.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, topping the consensus estimate of $2.85 by $0.13. The firm had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. Visa's revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.42 EPS. As a group, sell-side analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, August 12th. Visa's payout ratio is 23.05%.

Insider Activity at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the transaction, the general counsel owned 11,925 shares in the company, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the transaction, the chief executive officer owned 537 shares in the company, valued at $190,001.34. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

V has been the subject of several research reports. Raymond James Financial reissued an "outperform" rating on shares of Visa in a research report on Wednesday, July 30th. The Goldman Sachs Group assumed coverage on shares of Visa in a research report on Monday, June 2nd. They issued a "neutral" rating for the company. Macquarie upped their price target on shares of Visa from $380.00 to $425.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Morgan Stanley upped their price target on shares of Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Finally, Truist Financial lowered their price target on shares of Visa from $400.00 to $397.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $385.96.

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.

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