Means Investment CO. Inc. trimmed its stake in shares of Visa Inc. (NYSE:V - Free Report) by 28.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,476 shares of the credit-card processor's stock after selling 6,964 shares during the quarter. Visa accounts for 0.7% of Means Investment CO. Inc.'s portfolio, making the stock its 25th largest holding. Means Investment CO. Inc.'s holdings in Visa were worth $6,125,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. Hirtle Callaghan & Co LLC grew its holdings in Visa by 1.3% during the 4th quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock worth $724,000 after acquiring an additional 29 shares during the period. FWL Investment Management LLC boosted its position in shares of Visa by 0.5% in the 4th quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock worth $2,005,000 after purchasing an additional 29 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. grew its stake in shares of Visa by 0.4% during the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor's stock worth $2,302,000 after purchasing an additional 30 shares during the period. Capstone Financial Advisors Inc. boosted its holdings in Visa by 3.6% during the fourth quarter. Capstone Financial Advisors Inc. now owns 872 shares of the credit-card processor's stock worth $276,000 after buying an additional 30 shares during the last quarter. Finally, Headinvest LLC grew its position in shares of Visa by 0.8% during the 4th quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor's stock worth $1,265,000 after buying an additional 30 shares during the period. 82.15% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Visa
In related news, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the sale, the general counsel now directly owns 11,925 shares of the company's stock, valued at $4,121,041.50. This trade represents a 17.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $2,978,899.60. Following the completion of the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $185,576.46. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,098 shares of company stock worth $36,738,526 over the last three months. Corporate insiders own 0.13% of the company's stock.
Visa Price Performance
Shares of V traded down $2.34 during trading hours on Friday, hitting $338.04. 19,326,861 shares of the company were exchanged, compared to its average volume of 7,085,858. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $375.51. The company has a market cap of $623.73 billion, a price-to-earnings ratio of 33.97, a P/E/G ratio of 2.29 and a beta of 0.94. The firm's fifty day moving average is $351.69 and its 200 day moving average is $338.37.
Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. The firm had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.51 earnings per share. On average, equities analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.
Visa Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were paid a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.70%. Visa's dividend payout ratio (DPR) is 23.72%.
Analyst Upgrades and Downgrades
V has been the topic of a number of analyst reports. Susquehanna reiterated a "positive" rating on shares of Visa in a research report on Friday, March 21st. UBS Group upped their target price on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Evercore ISI started coverage on shares of Visa in a research report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target on the stock. BMO Capital Markets upped their price objective on shares of Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Finally, Truist Financial initiated coverage on Visa in a report on Monday, June 2nd. They set a "buy" rating and a $400.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Visa has a consensus rating of "Moderate Buy" and a consensus target price of $372.80.
Read Our Latest Analysis on V
Visa Profile
(
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.
Featured Stories
Before you consider Visa, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Visa wasn't on the list.
While Visa currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
