Tyler Stone Wealth Management Sells 2,888 Shares of Visa Inc. (NYSE:V)

Key Points

• Tyler Stone Wealth Management reduced its holdings in Visa Inc. by 14.8%, selling 2,888 shares and now holds 16,638 shares valued at approximately $5.83 million.
• Visa's recent quarterly earnings report showed earnings per share of $2.98, exceeding expectations, with a revenue of $10.17 billion, which is a 14.3% increase from the previous year.
• The company announced a quarterly dividend of $0.59 per share, with the ex-dividend date set for August 12th, resulting in an annualized dividend yield of 0.7%.

Tyler Stone Wealth Management lessened its position in shares of Visa Inc. (NYSE:V - Free Report) by 14.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,638 shares of the credit-card processor's stock after selling 2,888 shares during the period. Visa comprises 1.0% of Tyler Stone Wealth Management's holdings, making the stock its 22nd largest position. Tyler Stone Wealth Management's holdings in Visa were worth $5,831,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in V. von Borstel & Associates Inc. acquired a new position in shares of Visa during the 1st quarter worth about $27,000. Measured Risk Portfolios Inc. acquired a new position in shares of Visa during the 4th quarter worth about $47,000. O Brien Wealth Partners LLC acquired a new position in shares of Visa during the 1st quarter worth about $54,000. Global X Japan Co. Ltd. acquired a new position in shares of Visa during the 1st quarter worth about $56,000. Finally, Cedar Mountain Advisors LLC lifted its stake in Visa by 28.5% in the 1st quarter. Cedar Mountain Advisors LLC now owns 167 shares of the credit-card processor's stock valued at $59,000 after purchasing an additional 37 shares during the last quarter. Institutional investors own 82.15% of the company's stock.

Visa Stock Down 0.3%

Shares of V opened at $344.44 on Friday. The firm's 50 day moving average is $350.17 and its 200-day moving average is $347.34. The stock has a market capitalization of $631.29 billion, a PE ratio of 33.64, a P/E/G ratio of 2.30 and a beta of 0.94. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. Visa Inc. has a 12 month low of $265.23 and a 12 month high of $375.51.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.85 by $0.13. The business had revenue of $10.17 billion for the quarter, compared to analysts' expectations of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. The firm's quarterly revenue was up 14.3% compared to the same quarter last year. During the same period last year, the firm posted $2.42 earnings per share. Equities research analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 12th. Visa's payout ratio is presently 23.05%.

Analysts Set New Price Targets

V has been the subject of several recent analyst reports. BMO Capital Markets raised their target price on shares of Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. The Goldman Sachs Group initiated coverage on shares of Visa in a research note on Monday, June 2nd. They issued a "neutral" rating for the company. Raymond James Financial reiterated an "outperform" rating on shares of Visa in a research note on Wednesday, July 30th. Piper Sandler raised their target price on shares of Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Visa in a research note on Thursday, July 17th. They issued a "buy" rating and a $410.00 target price for the company. Five investment 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $380.84.

Insiders Place Their Bets

In related news, insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction on 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 sale, the insider owned 26,413 shares of the company's stock, valued at $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was 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 directly owned 537 shares in the company, valued at approximately $190,001.34. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 75,100 shares of company stock worth $27,643,224. Insiders own 0.13% of the company's stock.

Visa Company 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.

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