Visa Inc. (NYSE:V) Shares Sold by Consolidated Capital Management LLC

Consolidated Capital Management LLC lowered its stake in Visa Inc. (NYSE:V - Free Report) by 14.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,735 shares of the credit-card processor's stock after selling 4,134 shares during the period. Visa makes up 3.6% of Consolidated Capital Management LLC's holdings, making the stock its 10th biggest holding. Consolidated Capital Management LLC's holdings in Visa were worth $8,669,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of V. Highview Capital Management LLC DE increased its holdings in Visa by 2.1% in the first quarter. Highview Capital Management LLC DE now owns 20,410 shares of the credit-card processor's stock worth $7,153,000 after purchasing an additional 413 shares in the last quarter. Ninety One SA PTY Ltd lifted its holdings in Visa by 93.3% during the 1st quarter. Ninety One SA PTY Ltd now owns 86,521 shares of the credit-card processor's stock worth $29,985,000 after purchasing an additional 41,762 shares in the last quarter. China Universal Asset Management Co. Ltd. lifted its holdings in Visa by 6.3% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 46,312 shares of the credit-card processor's stock worth $16,231,000 after buying an additional 2,742 shares during the period. Horst & Graben Wealth Management LLC lifted its holdings in Visa by 9.7% in the 1st quarter. Horst & Graben Wealth Management LLC now owns 1,026 shares of the credit-card processor's stock worth $360,000 after buying an additional 91 shares during the period. Finally, Davidson Investment Advisors lifted its stake in shares of Visa by 3.0% in the 1st quarter. Davidson Investment Advisors now owns 89,395 shares of the credit-card processor's stock valued at $31,329,000 after purchasing an additional 2,565 shares during the period. Institutional investors own 82.15% of the company's stock.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer directly owned 537 shares of the company's stock, valued at $190,001.34. This trade represents a 94.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the sale, the general counsel directly owned 11,925 shares in the company, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,108 shares of company stock valued at $36,771,200 in the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

Visa Stock Performance

V traded down $1.67 during midday trading on Thursday, hitting $356.09. 2,382,532 shares of the company were exchanged, compared to its average volume of 6,823,335. The company's 50 day simple moving average is $356.66 and its 200 day simple moving average is $342.11. The firm has a market capitalization of $657.05 billion, a price-to-earnings ratio of 35.78, a price-to-earnings-growth ratio of 2.40 and a beta of 0.92. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $375.51.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (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 company had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. During the same period in the previous year, the firm posted $2.51 EPS. Visa's revenue was up 9.3% compared to the same quarter last year. As a group, sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm 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. This represents a $2.36 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is 23.72%.

Analyst Ratings Changes

Several research firms have recently weighed in on V. Susquehanna restated a "positive" rating on shares of Visa in a research note on Friday, March 21st. Evercore ISI began coverage on Visa in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price objective on the stock. Wall Street Zen upgraded Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Barclays restated an "overweight" rating on shares of Visa in a research report on Friday, June 13th. Finally, The Goldman Sachs Group started coverage on Visa in a research note on Monday, June 2nd. They set a "neutral" rating on the stock. Five investment 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 company. Based on data from MarketBeat, Visa has an average rating of "Moderate Buy" and a consensus price target of $372.84.

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.