Visa Inc. (NYSE:V) Holdings Lowered by Ulland Investment Advisors LLC

Ulland Investment Advisors LLC cut its stake in Visa Inc. (NYSE:V - Free Report) by 27.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,409 shares of the credit-card processor's stock after selling 3,641 shares during the period. Visa makes up 2.8% of Ulland Investment Advisors LLC's investment portfolio, making the stock its 13th largest position. Ulland Investment Advisors LLC's holdings in Visa were worth $3,297,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Blue Rock Wealth Management LLC acquired a new position in Visa during the fourth quarter valued at approximately $306,000. Aptus Capital Advisors LLC lifted its holdings in shares of Visa by 19.8% during the 4th quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor's stock valued at $57,727,000 after acquiring an additional 30,185 shares in the last quarter. King Wealth Management Group boosted its position in Visa by 9.0% during the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock worth $23,663,000 after purchasing an additional 6,172 shares during the period. Eagle Strategies LLC increased its holdings in Visa by 2.5% in the 4th quarter. Eagle Strategies LLC now owns 2,568 shares of the credit-card processor's stock valued at $811,000 after purchasing an additional 63 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new position in Visa in the fourth quarter valued at about $10,163,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Truist Financial began coverage on Visa in a research report on Monday, June 2nd. They issued a "buy" rating and a $400.00 target price for the company. Susquehanna reaffirmed a "positive" rating on shares of Visa in a research report on Friday, March 21st. Keefe, Bruyette & Woods reiterated a "hold" rating on shares of Visa in a research note on Thursday, February 13th. Jefferies Financial Group upped their target price on shares of Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $372.80.

Visa Stock Performance

Shares of V stock traded down $19.42 on Friday, hitting $351.98. 11,172,985 shares of the stock traded hands, compared to its average volume of 7,013,754. The company's fifty day moving average is $348.87 and its 200 day moving average is $337.17. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $375.51. The company has a market capitalization of $649.45 billion, a PE ratio of 35.47, a PEG ratio of 2.33 and a beta of 0.94. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the previous year, the firm earned $2.51 earnings per share. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders 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 payout ratio is currently 23.72%.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the sale, the insider now owns 26,413 shares of the company's stock, valued at $9,904,875. The trade was a 30.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total value of $3,020,792.80. Following the transaction, the chief executive officer now owns 537 shares of the company's stock, valued at $188,186.28. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 140,448 shares of company stock worth $50,133,659 in the last three months. 0.13% of the stock is owned by insiders.

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.