GuoLine Advisory Pte Ltd Sells 19,900 Shares of Visa Inc. (NYSE:V)

GuoLine Advisory Pte Ltd decreased its stake in Visa Inc. (NYSE:V - Free Report) by 11.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,100 shares of the credit-card processor's stock after selling 19,900 shares during the quarter. Visa makes up 5.9% of GuoLine Advisory Pte Ltd's holdings, making the stock its 4th biggest position. GuoLine Advisory Pte Ltd's holdings in Visa were worth $56,109,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Visa by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after purchasing an additional 7,079,706 shares during the last quarter. Geode Capital Management LLC boosted its stake in Visa by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor's stock worth $12,729,901,000 after buying an additional 1,689,926 shares during the last quarter. Capital International Investors boosted its stake in Visa by 3.8% during the fourth quarter. Capital International Investors now owns 23,816,573 shares of the credit-card processor's stock worth $7,526,660,000 after buying an additional 866,596 shares during the last quarter. Capital World Investors boosted its stake in Visa by 1.0% during the fourth quarter. Capital World Investors now owns 23,277,622 shares of the credit-card processor's stock worth $7,356,614,000 after buying an additional 241,057 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Visa by 18.0% during the fourth quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor's stock worth $5,771,116,000 after buying an additional 2,785,707 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Trading Up 0.8%

V traded up $3.03 during mid-day trading on Friday, hitting $365.43. 8,725,642 shares of the stock were exchanged, compared to its average volume of 7,016,173. The firm's fifty day moving average is $343.40 and its two-hundred day moving average is $333.54. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $369.15. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market cap of $674.28 billion, a PE ratio of 36.84, a PEG ratio of 2.33 and a beta of 0.96.

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 the consensus estimate of $2.68 by $0.08. The business had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.51 earnings per share. Equities analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Tuesday, May 13th. Visa's dividend payout ratio is currently 23.72%.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00. Following the sale, the chief executive officer now directly owns 537 shares in the company, valued at approximately $194,931. This trade represents a 94.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul D. Fabara sold 14,813 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $355.04, for a total value of $5,259,207.52. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at approximately $9,377,671.52. This represents a 35.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 121,948 shares of company stock valued at $41,548,282 in the last quarter. Corporate insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Oppenheimer reiterated an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Keefe, Bruyette & Woods reiterated a "hold" rating on shares of Visa in a report on Thursday, February 13th. Bank of America upped their price objective on Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Finally, UBS Group upped their price objective on Visa from $395.00 to $405.00 and gave the company a "buy" rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Visa has a consensus rating of "Moderate Buy" and a consensus target price of $366.13.

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.