ORG Partners LLC Has $766,000 Holdings in Visa Inc. (NYSE:V)

ORG Partners LLC cut its position in Visa Inc. (NYSE:V - Free Report) by 58.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,211 shares of the credit-card processor's stock after selling 3,096 shares during the quarter. ORG Partners LLC's holdings in Visa were worth $766,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of V. Hirtle Callaghan & Co LLC increased its stake in Visa by 1.3% in the 4th quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock worth $724,000 after purchasing an additional 29 shares in the last quarter. FWL Investment Management LLC lifted its position in 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 buying an additional 29 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. boosted its stake in shares of Visa by 0.4% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor's stock valued at $2,302,000 after buying an additional 30 shares during the period. Capstone Financial Advisors Inc. grew its holdings in shares of Visa by 3.6% during the 4th quarter. Capstone Financial Advisors Inc. now owns 872 shares of the credit-card processor's stock valued at $276,000 after acquiring an additional 30 shares in the last quarter. Finally, Headinvest LLC increased its stake in shares of Visa by 0.8% in the fourth quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor's stock worth $1,265,000 after acquiring an additional 30 shares during the last quarter. Institutional investors own 82.15% of the company's stock.

Visa Stock Performance

V stock traded down $2.34 during trading on Friday, reaching $338.04. 19,326,861 shares of the stock were exchanged, compared to its average volume of 7,085,858. The stock has a 50 day simple moving average of $351.69 and a 200-day simple moving average of $338.37. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $623.73 billion, a P/E ratio of 33.97, a price-to-earnings-growth ratio of 2.29 and a beta of 0.94. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. Visa had a return on equity of 56.28% and a net margin of 52.86%. The firm had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. During the same period in the prior year, the business posted $2.51 earnings per share. The business's revenue was up 9.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is currently 23.72%.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $2,978,899.60. Following the completion of the sale, the chief executive officer now directly owns 537 shares of the company's stock, valued at $185,576.46. The trade was a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction, the general counsel now owns 11,925 shares in the company, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,098 shares of company stock worth $36,738,526. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. Evercore ISI started coverage on Visa in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price on the stock. Piper Sandler lifted their price target on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Macquarie dropped their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. William Blair reissued an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Finally, Citigroup assumed coverage on shares of Visa in a report on Monday, June 2nd. They set a "buy" rating on the stock. Five analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $372.80.

Visa 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.