Terra Alpha Investments LLC lowered its position in Visa Inc. (NYSE:V - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,773 shares of the credit-card processor's stock after selling 902 shares during the quarter. Visa makes up about 5.6% of Terra Alpha Investments LLC's portfolio, making the stock its biggest position. Terra Alpha Investments LLC's holdings in Visa were worth $5,177,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of V. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Visa in the fourth quarter valued at about $27,000. POM Investment Strategies LLC increased its position in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after purchasing an additional 32 shares during the period. Compass Planning Associates Inc bought a new stake in shares of Visa in the 4th quarter valued at about $32,000. NewSquare Capital LLC bought a new stake in shares of Visa in the 4th quarter valued at about $35,000. Finally, FPC Investment Advisory Inc. raised 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 purchasing an additional 83 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.
Visa Price Performance
Shares of NYSE:V traded down $18.65 during trading on Friday, reaching $352.75. 14,176,249 shares of the company's stock traded hands, compared to its average volume of 7,024,855. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $375.51. The company has a 50-day simple moving average of $348.87 and a 200-day simple moving average of $337.17. The firm has a market cap of $650.87 billion, a PE ratio of 35.56, a P/E/G ratio of 2.33 and a beta of 0.94.
Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. The company had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. Visa's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.51 earnings per share. As a group, analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.
Visa Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors 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 dividend on an annualized basis and a yield of 0.67%. Visa's dividend payout ratio is currently 23.72%.
Insider Buying and Selling
In other Visa news, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the completion of the sale, the insider now directly owns 26,413 shares in the company, valued at approximately $8,991,249.33. The trade was a 59.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm'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 value of $889,868.50. Following the completion of 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 140,448 shares of company stock valued at $50,133,659. 0.13% of the stock is owned by corporate insiders.
Analyst Ratings Changes
V has been the topic of a number of recent research reports. The Goldman Sachs Group began coverage on shares of Visa in a research note on Monday, June 2nd. They set a "neutral" rating on the stock. Evercore ISI started coverage on Visa in a report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price target on the stock. Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Jefferies Financial Group raised their price objective on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Finally, BMO Capital Markets lifted their target price on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $372.80.
View Our Latest Stock Report on V
About Visa
(
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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