Nwam LLC trimmed its position in shares of Visa Inc. (NYSE:V - Free Report) by 15.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,420 shares of the credit-card processor's stock after selling 1,758 shares during the period. Nwam LLC's holdings in Visa were worth $3,301,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Diversify Advisory Services LLC increased its stake in Visa by 9.7% during the first quarter. Diversify Advisory Services LLC now owns 27,885 shares of the credit-card processor's stock valued at $9,523,000 after acquiring an additional 2,465 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of Visa by 1.4% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,719,509 shares of the credit-card processor's stock valued at $952,847,000 after purchasing an additional 37,852 shares during the period. Yeomans Consulting Group Inc. grew its stake in shares of Visa by 2.9% in the 1st quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock valued at $360,000 after purchasing an additional 29 shares during the period. Ring Mountain Capital LLC grew its stake in shares of Visa by 10.5% in the 1st quarter. Ring Mountain Capital LLC now owns 1,657 shares of the credit-card processor's stock valued at $581,000 after purchasing an additional 158 shares during the period. Finally, Creekmur Asset Management LLC grew its stake in shares of Visa by 375.0% in the 1st quarter. Creekmur Asset Management LLC now owns 3,558 shares of the credit-card processor's stock valued at $1,247,000 after purchasing an additional 2,809 shares during the period. 82.15% of the stock is currently owned by institutional investors.
Visa Price Performance
Shares of NYSE V opened at $348.90 on Friday. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $375.51. The stock has a market cap of $643.78 billion, a price-to-earnings ratio of 35.07, a PEG ratio of 2.37 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. The firm's 50-day simple moving average is $356.82 and its 200 day simple moving average is $343.63.
Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating the consensus estimate of $2.68 by $0.08. The firm had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. The company's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $2.51 EPS. As a group, research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.
Visa Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa's dividend payout ratio (DPR) is 23.72%.
Insider Buying and Selling at Visa
In other Visa news, insider Paul D. Fabara sold 11,636 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total value of $4,363,500.00. Following the completion of the sale, the insider owned 26,413 shares in the company, valued at approximately $9,904,875. This trade represents a 30.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the sale, the chief executive officer owned 537 shares of the company's stock, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 101,108 shares of company stock worth $36,771,200. Insiders own 0.13% of the company's stock.
Analyst Ratings Changes
Several research analysts have recently commented on V shares. Citigroup began coverage on Visa in a report on Monday, June 2nd. They issued a "buy" rating on the stock. Jefferies Financial Group raised their price objective on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Barclays restated an "overweight" rating on shares of Visa in a report on Friday, June 13th. BMO Capital Markets lifted their price target on Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Finally, Susquehanna reiterated a "positive" rating on shares of Visa in a report on Friday, March 21st. Five 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $375.52.
Check Out Our Latest Analysis on Visa
Visa Company 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.
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