Locust Wood Capital Advisers LLC lessened its stake in shares of Visa Inc. (NYSE:V - Free Report) by 17.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 232,345 shares of the credit-card processor's stock after selling 47,754 shares during the period. Visa makes up about 2.6% of Locust Wood Capital Advisers LLC's portfolio, making the stock its 20th biggest position. Locust Wood Capital Advisers LLC's holdings in Visa were worth $81,428,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of V. von Borstel & Associates Inc. purchased a new stake in Visa in the first quarter valued at $27,000. Measured Risk Portfolios Inc. purchased a new stake in shares of Visa in the fourth quarter worth about $47,000. Navigoe LLC purchased a new stake in shares of Visa in the fourth quarter worth about $53,000. O Brien Wealth Partners LLC acquired a new stake in Visa during the first quarter worth about $54,000. Finally, Global X Japan Co. Ltd. purchased a new position in Visa during the first quarter valued at approximately $56,000. Institutional investors and hedge funds own 82.15% of the company's stock.
Insider Buying and Selling
In related news, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction dated Tuesday, July 1st. The stock was 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 of the company's stock, valued at approximately $190,001.34. This represents a 94.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 46,214 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the transaction, the insider owned 26,413 shares of the company's stock, valued at $9,772,810. This trade represents a 63.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,100 shares of company stock valued at $27,643,224 in the last ninety days. 0.13% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on V. The Goldman Sachs Group assumed coverage on shares of Visa in a report on Monday, June 2nd. They set a "neutral" rating on the stock. UBS Group reissued a "buy" rating and set a $415.00 target price (up from $405.00) on shares of Visa in a research note on Wednesday, July 30th. Wall Street Zen upgraded Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Macquarie upped their price target on Visa from $380.00 to $425.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, BMO Capital Markets increased their price target on Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Visa currently has a consensus rating of "Moderate Buy" and an average target price of $380.84.
View Our Latest Report on Visa
Visa Trading Up 1.4%
NYSE:V traded up $4.77 on Friday, reaching $336.86. The company's stock had a trading volume of 6,071,880 shares, compared to its average volume of 6,371,769. Visa Inc. has a 12-month low of $258.74 and a 12-month high of $375.51. The stock has a 50 day moving average price of $352.79 and a 200 day moving average price of $347.13. The firm has a market cap of $621.56 billion, a price-to-earnings ratio of 32.90, a price-to-earnings-growth ratio of 2.25 and a beta of 0.94. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52.
Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The firm had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. During the same period in the previous year, the firm earned $2.42 EPS. Visa's revenue was up 14.3% on a year-over-year basis. On average, equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.
Visa Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Visa's dividend payout ratio (DPR) is presently 23.05%.
Visa Company Profile
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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.
Further Reading

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