8,966 Shares in Visa Inc. (NYSE:V) Purchased by Marvin & Palmer Associates Inc.

Key Points

• Marvin & Palmer Associates Inc. acquired a new stake in Visa Inc., purchasing 8,966 shares valued at approximately $3.1 million, which constitutes 4.7% of their holdings.
• Insider activity includes CEO Ryan Mcinerney selling 8,630 shares and General Counsel Julie B. Rottenberg selling 2,575 shares, both resulting in significant reductions in their respective ownership percentages.
• Visa recently declared a quarterly dividend of $0.59 per share, reflecting a 0.66% dividend yield and a payout ratio of 23.72%.

Marvin & Palmer Associates Inc. purchased a new stake in Visa Inc. (NYSE:V - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 8,966 shares of the credit-card processor's stock, valued at approximately $3,142,000. Visa makes up 4.7% of Marvin & Palmer Associates Inc.'s investment portfolio, making the stock its 8th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. FWL Investment Management LLC increased its stake in Visa by 0.5% during the 4th quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock worth $2,005,000 after buying an additional 29 shares in the last quarter. Yeomans Consulting Group Inc. increased its stake in Visa by 2.9% during the 1st quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock worth $360,000 after buying an additional 29 shares in the last quarter. Semus Wealth Partners LLC increased its stake in Visa by 0.8% during the 1st quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor's stock worth $1,209,000 after buying an additional 29 shares in the last quarter. Capstone Financial Advisors Inc. grew its position in shares of Visa by 3.6% in the fourth quarter. Capstone Financial Advisors Inc. now owns 872 shares of the credit-card processor's stock valued at $276,000 after purchasing an additional 30 shares in the last quarter. Finally, Headinvest LLC grew its position in shares of Visa by 0.8% in the fourth quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor's stock valued at $1,265,000 after purchasing an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Price Performance

Shares of NYSE:V traded down $5.94 during trading on Friday, hitting $339.53. 5,207,875 shares of the stock were exchanged, compared to its average volume of 6,608,398. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 0.52. Visa Inc. has a 12-month low of $254.51 and a 12-month high of $375.51. The company has a market cap of $626.49 billion, a PE ratio of 33.16, a P/E/G ratio of 2.36 and a beta of 0.92. The company has a fifty day moving average price of $355.36 and a two-hundred day moving average price of $346.13.

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, topping the consensus estimate of $2.85 by $0.13. The firm had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%. The company's quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.42 EPS. On average, analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on V shares. Morgan Stanley increased their price objective on Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a research report on Wednesday. Wall Street Zen upgraded Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Jefferies Financial Group increased their price objective on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft started coverage on Visa in a research report on Thursday, July 17th. They issued a "buy" rating and a $410.00 price objective for the company. Finally, William Blair reiterated an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $380.84.

Insider Buying and Selling at Visa

In related news, insider Paul D. Fabara sold 11,636 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the sale, the insider directly owned 26,413 shares of the company's stock, valued at approximately $9,904,875. This represents a 30.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction on 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 sale, the chief executive officer directly owned 537 shares of the company's stock, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 89,913 shares of company stock valued at $32,902,432 over the last three months. Corporate insiders own 0.13% of the company's stock.

Visa 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.