Visa Inc. (NYSE:V) Holdings Increased by First National Bank of Hutchinson

First National Bank of Hutchinson grew its stake in shares of Visa Inc. (NYSE:V - Free Report) by 26.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,097 shares of the credit-card processor's stock after buying an additional 1,071 shares during the quarter. Visa comprises 1.2% of First National Bank of Hutchinson's holdings, making the stock its 20th biggest position. First National Bank of Hutchinson's holdings in Visa were worth $1,786,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in V. von Borstel & Associates Inc. purchased a new position in Visa during the first quarter valued at approximately $27,000. Sellwood Investment Partners LLC bought a new stake in Visa in the fourth quarter worth approximately $41,000. Mountain Hill Investment Partners Corp. bought a new stake in Visa in the fourth quarter worth approximately $47,000. Measured Risk Portfolios Inc. bought a new stake in Visa in the fourth quarter worth approximately $47,000. Finally, Navigoe LLC bought a new stake in Visa in the fourth quarter worth approximately $53,000. 82.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Macquarie dropped their price objective on shares of Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. UBS Group increased their price target on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. Piper Sandler raised their target price on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Wall Street Zen upgraded shares of Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, The Goldman Sachs Group started coverage on shares of Visa in a research note on Monday, June 2nd. They issued a "neutral" rating for the company. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $375.52.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction that occurred on Wednesday, June 11th. The stock was 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the transaction, the chief executive officer owned 537 shares of the company's stock, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,108 shares of company stock valued at $36,771,200 in the last quarter. 0.13% of the stock is currently owned by insiders.

Visa Trading Up 0.0%

Shares of Visa stock traded up $0.16 during midday trading on Tuesday, reaching $351.10. 2,133,177 shares of the company's stock traded hands, compared to its average volume of 6,771,043. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $647.84 billion, a PE ratio of 35.29, a price-to-earnings-growth ratio of 2.36 and a beta of 0.92. The stock has a 50 day moving average of $356.82 and a 200-day moving average of $344.02. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $375.51.

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

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is presently 23.72%.

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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