Visa Inc. (NYSE:V) Shares Sold by Mirador Capital Partners LP

Mirador Capital Partners LP trimmed its stake in shares of Visa Inc. (NYSE:V - Free Report) by 12.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,648 shares of the credit-card processor's stock after selling 2,607 shares during the quarter. Visa makes up 1.1% of Mirador Capital Partners LP's portfolio, making the stock its 21st biggest position. Mirador Capital Partners LP's holdings in Visa were worth $6,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Capital & Planning LLC raised its position in shares of Visa by 21.2% during the fourth quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor's stock worth $300,000 after purchasing an additional 166 shares during the period. Sovereign Investment Advisors LLC acquired a new position in shares of Visa in the fourth quarter worth $424,000. Brighton Jones LLC raised its position in Visa by 50.1% during the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after acquiring an additional 6,883 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Visa in the 4th quarter valued at $202,074,000. Finally, Revolve Wealth Partners LLC boosted its stake in shares of Visa by 68.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock worth $3,733,000 after acquiring an additional 4,817 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Price Performance

Shares of NYSE:V traded up $0.80 on Tuesday, reaching $366.12. The company's stock had a trading volume of 5,221,297 shares, compared to its average volume of 6,996,385. The company has a 50-day simple moving average of $343.82 and a 200 day simple moving average of $334.27. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $369.15. The company has a market cap of $675.56 billion, a P/E ratio of 36.91, a PEG ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 54.79% and a net margin of 54.27%. The company's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.51 earnings per share. As a group, equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.64%. Visa's dividend payout ratio is currently 23.72%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Truist Financial initiated coverage on Visa in a research note on Monday. They issued a "buy" rating and a $400.00 price objective on the stock. Macquarie reduced their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. The Goldman Sachs Group initiated coverage on shares of Visa in a research report on Monday. They set a "neutral" rating for the company. BMO Capital Markets upped their price target on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, Jefferies Financial Group increased their target price on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Six analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $367.48.

Insider Activity at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction on Thursday, May 1st. The shares were 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 represents a 17.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at $8,991,249.33. The trade was a 59.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 113,328 shares of company stock valued at $38,419,222 over the last quarter. 0.13% of the stock is owned by corporate insiders.

About Visa

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.