MassMutual Private Wealth & Trust FSB Reduces Holdings in Visa Inc. $V

MassMutual Private Wealth & Trust FSB trimmed its position in shares of Visa Inc. (NYSE:V - Free Report) by 1.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 156,190 shares of the credit-card processor's stock after selling 2,694 shares during the quarter. Visa makes up approximately 1.5% of MassMutual Private Wealth & Trust FSB's investment portfolio, making the stock its 12th largest position. MassMutual Private Wealth & Trust FSB's holdings in Visa were worth $55,455,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was 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 $4,102,438.50. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer owned 537 shares in the company, valued at $190,001.34. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.

Visa Price Performance

Shares of NYSE V opened at $338.96 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a fifty-two week low of $268.23 and a fifty-two week high of $375.51. The firm has a market capitalization 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 stock's 50-day simple moving average is $346.67 and its 200-day simple moving average is $346.69.

Visa (NYSE:V - Get Free Report) last issued its earnings results 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 business had revenue of $10.17 billion during the quarter, compared to analysts' expectations of $9.82 billion. During the same quarter in the prior year, the business posted $2.42 EPS. The company's revenue for the quarter was up 14.3% on a year-over-year basis. As a group, equities research analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, August 12th. Visa's dividend payout ratio (DPR) is currently 23.05%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Raymond James Financial reaffirmed an "outperform" rating on shares of Visa in a research note on Wednesday, July 30th. Citigroup started coverage on Visa in a research note on Monday, June 2nd. They set a "buy" rating on the stock. Macquarie increased their target price on Visa from $380.00 to $425.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Deutsche Bank Aktiengesellschaft started coverage on Visa in a research note on Thursday, July 17th. They set a "buy" rating and a $410.00 target price on the stock. Finally, Mizuho raised Visa from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $359.00 to $425.00 in a research note on Thursday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Visa has an average rating of "Moderate Buy" and a consensus target price of $385.96.

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.

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