Milestone Asset Management LLC Sells 5,367 Shares of Visa Inc. $V

Key Points

• Milestone Asset Management cut its Visa stake by 40% in Q4, selling 5,367 shares and retaining 8,065 shares valued at $2.829 million.
• Visa beat quarterly expectations with EPS of $3.17 versus $3.14 and revenue of $10.90 billion (+14.6% YoY); the company has a $562.09 billion market cap, a P/E of 29.05, and pays a $0.67 quarterly dividend (0.9% yield).
• Director Lloyd Carney sold 650 shares (about a 19.5% reduction in his holdings); institutional investors own 82.15% of the stock and analysts' average target is $387.79 with most ratings at "Buy".

Milestone Asset Management LLC decreased its position in Visa Inc. (NYSE:V - Free Report) by 40.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,065 shares of the credit-card processor's stock after selling 5,367 shares during the quarter. Milestone Asset Management LLC's holdings in Visa were worth $2,829,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Clayton Financial Group LLC lifted its holdings in Visa by 446.2% in the fourth quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor's stock valued at $25,000 after acquiring an additional 58 shares during the period. Parvin Asset Management LLC raised its stake in shares of Visa by 200.0% in the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor's stock worth $26,000 after buying an additional 50 shares during the period. PayPay Securities Corp raised its stake in shares of Visa by 102.7% in the fourth quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor's stock worth $26,000 after buying an additional 38 shares during the period. Dorato Capital Management bought a new position in shares of Visa in the fourth quarter worth about $30,000. Finally, Imprint Wealth LLC bought a new position in shares of Visa in the third quarter worth about $39,000. Institutional investors own 82.15% of the company's stock.

Visa Stock Performance

NYSE:V opened at $309.66 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. Visa Inc. has a 12-month low of $293.89 and a 12-month high of $375.51. The stock has a 50-day moving average price of $309.88 and a 200 day moving average price of $328.16. The stock has a market capitalization of $562.09 billion, a P/E ratio of 29.05, a P/E/G ratio of 1.77 and a beta of 0.80.

Visa (NYSE:V - Get Free Report) last released its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.14 by $0.03. Visa had a return on equity of 61.74% and a net margin of 50.23%.The firm had revenue of $10.90 billion during the quarter, compared to analysts' expectations of $10.69 billion. During the same quarter last year, the business posted $2.75 earnings per share. The firm's revenue was up 14.6% on a year-over-year basis. Equities research analysts forecast that Visa Inc. will post 12.84 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 10th were given a dividend of $0.67 per share. The ex-dividend date was Tuesday, February 10th. This represents a $2.68 annualized dividend and a dividend yield of 0.9%. Visa's dividend payout ratio (DPR) is currently 25.14%.

Insider Activity

In related news, Director Lloyd Carney sold 650 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total transaction of $201,253.00. Following the completion of the sale, the director owned 2,679 shares in the company, valued at approximately $829,471.98. This trade represents a 19.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.12% of the company's stock.

Analyst Ratings Changes

V has been the topic of several recent research reports. Citigroup decreased their price objective on Visa from $450.00 to $400.00 and set a "buy" rating on the stock in a research note on Tuesday, April 14th. Piper Sandler set a $160.00 price objective on Visa in a research note on Wednesday, January 28th. Loop Capital initiated coverage on Visa in a research note on Tuesday, March 31st. They issued a "buy" rating and a $387.00 price objective on the stock. Truist Financial decreased their price objective on Visa from $372.00 to $361.00 and set a "buy" rating on the stock in a research note on Friday. Finally, TD Cowen reaffirmed a "buy" rating on shares of Visa in a research note on Friday, January 30th. Seven equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $387.79.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world's largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa's network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa's product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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