Mitsubishi UFJ Trust & Banking Corp Has $407.86 Million Holdings in Visa Inc. (NYSE:V)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 0.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,163,791 shares of the credit-card processor's stock after selling 8,502 shares during the period. Visa makes up 1.1% of Mitsubishi UFJ Trust & Banking Corp's holdings, making the stock its 7th largest position. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of Visa worth $407,862,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. von Borstel & Associates Inc. bought a new position in Visa during the first quarter worth about $27,000. Measured Risk Portfolios Inc. bought a new position in Visa during the fourth quarter worth about $47,000. Navigoe LLC bought a new position in Visa during the fourth quarter worth about $53,000. O Brien Wealth Partners LLC acquired a new stake in shares of Visa during the first quarter worth about $54,000. Finally, Hurley Capital LLC acquired a new stake in shares of Visa during the fourth quarter worth about $56,000. Institutional investors own 82.15% of the company's stock.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction 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 sale, the chief executive officer owned 537 shares in the company, valued at approximately $190,001.34. This represents a 94.14% 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 46,214 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the sale, the insider owned 26,413 shares in the company, valued at approximately $9,772,810. This trade represents a 63.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,913 shares of company stock worth $32,902,432 over the last three months. 0.13% of the stock is owned by insiders.

Visa Price Performance

NYSE:V opened at $338.81 on Friday. Visa Inc. has a 1-year low of $254.51 and a 1-year high of $375.51. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 0.52. The firm has a fifty day simple moving average of $355.06 and a 200 day simple moving average of $346.34. The stock has a market capitalization of $625.16 billion, a PE ratio of 33.09, a P/E/G ratio of 2.30 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share 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 period last year, the business earned $2.42 earnings per share. The firm's revenue was up 14.3% on a year-over-year basis. On average, research analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on V. Oppenheimer raised their price target on Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Truist Financial dropped their price target on Visa from $400.00 to $397.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Raymond James Financial reaffirmed an "outperform" rating on shares of Visa in a research report on Wednesday. Evercore ISI began coverage on Visa in a research report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target on the stock. Finally, Macquarie raised their price target on Visa from $380.00 to $425.00 and gave the stock an "outperform" rating in a research report on Thursday. Five analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $380.84.

Visa Company 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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