Panoramic Capital Partners LLC Sells 736 Shares of Visa Inc. (NYSE:V)

Panoramic Capital Partners LLC decreased its position in Visa Inc. (NYSE:V - Free Report) by 19.9% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,966 shares of the credit-card processor's stock after selling 736 shares during the period. Visa comprises 1.0% of Panoramic Capital Partners LLC's portfolio, making the stock its 13th biggest position. Panoramic Capital Partners LLC's holdings in Visa were worth $1,039,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bradley & Co. Private Wealth Management LLC bought a new stake in Visa during the fourth quarter worth about $27,000. POM Investment Strategies LLC increased its position in shares of Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after purchasing an additional 32 shares during the last quarter. Compass Planning Associates Inc bought a new stake in shares of Visa during the 4th quarter worth approximately $32,000. NewSquare Capital LLC acquired a new stake in shares of Visa in the 4th quarter valued at approximately $35,000. Finally, FPC Investment Advisory Inc. boosted its holdings in shares of Visa by 377.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock valued at $36,000 after buying an additional 83 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 46,214 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the completion of the transaction, the insider now directly owns 26,413 shares in the company, valued at $9,772,810. The trade was a 63.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm'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 $2,978,899.60. Following the completion of the sale, the chief executive officer now directly owns 537 shares in the company, valued at approximately $185,576.46. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 168,162 shares of company stock worth $58,645,479. 0.13% of the stock is currently owned by company insiders.

Visa Stock Performance

Visa stock traded up $4.23 during midday trading on Tuesday, hitting $370.89. The company's stock had a trading volume of 4,108,403 shares, compared to its average volume of 7,002,469. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $684.35 billion, a price-to-earnings ratio of 37.39, a PEG ratio of 2.33 and a beta of 0.94. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $372.76. The company has a 50-day moving average price of $345.86 and a two-hundred day moving average price of $336.28.

Visa (NYSE:V - Get Free Report) last released 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. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm's quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.51 earnings per share. As a group, sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

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

Analyst Ratings Changes

A number of brokerages recently weighed in on V. The Goldman Sachs Group started coverage on shares of Visa in a report on Monday, June 2nd. They set a "neutral" rating on the stock. BMO Capital Markets lifted their price objective on shares of Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Evercore ISI initiated coverage on shares of Visa in a report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price on the stock. William Blair reiterated an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. Finally, Citigroup initiated coverage on Visa in a research 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $372.80.

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.