Telos Capital Management Inc. Trims Position in Visa Inc. (NYSE:V)

Telos Capital Management Inc. trimmed its stake in shares of Visa Inc. (NYSE:V - Free Report) by 7.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,783 shares of the credit-card processor's stock after selling 4,360 shares during the quarter. Visa makes up 2.2% of Telos Capital Management Inc.'s investment portfolio, making the stock its 5th largest position. Telos Capital Management Inc.'s holdings in Visa were worth $20,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Gravity Asset Management Inc. bought a new stake in shares of Visa in the 1st quarter worth approximately $164,000. Allworth Financial LP grew its position in shares of Visa by 1.3% in the 1st quarter. Allworth Financial LP now owns 116,092 shares of the credit-card processor's stock worth $38,973,000 after buying an additional 1,505 shares during the last quarter. Stonebrook Private Inc. grew its position in shares of Visa by 3.5% in the 1st quarter. Stonebrook Private Inc. now owns 8,356 shares of the credit-card processor's stock worth $2,929,000 after buying an additional 281 shares during the last quarter. Parr Mcknight Wealth Management Group LLC grew its position in shares of Visa by 14.7% in the 1st quarter. Parr Mcknight Wealth Management Group LLC now owns 6,284 shares of the credit-card processor's stock worth $2,202,000 after buying an additional 805 shares during the last quarter. Finally, Poinciana Advisors Group LLC bought a new stake in shares of Visa in the 1st quarter worth approximately $223,000. 82.15% of the stock is currently owned by institutional investors.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 46,214 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the transaction, the insider owned 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the business's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the transaction, the general counsel owned 11,925 shares of the company's stock, valued at $4,121,041.50. This represents a 17.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,108 shares of company stock worth $36,771,200 over the last quarter. 0.13% of the stock is currently owned by insiders.

Visa Trading Down 2.3%

Visa stock opened at $347.71 on Friday. 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 business's fifty day simple moving average is $356.93 and its two-hundred day simple moving average is $342.56. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $375.51. The company has a market capitalization of $641.58 billion, a price-to-earnings ratio of 34.95, a price-to-earnings-growth ratio of 2.41 and a beta of 0.92.

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

Visa Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Tuesday, May 13th. Visa's dividend payout ratio is currently 23.72%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. William Blair reiterated an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Oppenheimer lifted their price objective on Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. UBS Group lifted their price objective on Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Truist Financial started coverage on Visa in a research report on Monday, June 2nd. They issued a "buy" rating and a $400.00 price objective on the stock. Finally, 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 for the company. 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 company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $372.84.

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.

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