Visa Inc. (NYSE:V) Shares Purchased by Main Street Research LLC

Main Street Research LLC grew its stake in Visa Inc. (NYSE:V - Free Report) by 2.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 171,366 shares of the credit-card processor's stock after acquiring an additional 3,338 shares during the period. Visa comprises 3.9% of Main Street Research LLC's investment portfolio, making the stock its 5th biggest holding. Main Street Research LLC's holdings in Visa were worth $60,057,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in V. von Borstel & Associates Inc. purchased a new stake in Visa during the 1st quarter worth approximately $27,000. Sellwood Investment Partners LLC purchased a new stake in Visa during the 4th quarter worth approximately $41,000. Mountain Hill Investment Partners Corp. purchased a new stake in Visa during the 4th quarter worth approximately $47,000. Measured Risk Portfolios Inc. acquired a new position in Visa during the 4th quarter worth approximately $47,000. Finally, Navigoe LLC acquired a new position in Visa during the 4th quarter worth approximately $53,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 approximately $9,904,875. The trade was a 30.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the transaction, the general counsel directly owned 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their ownership of the stock. 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 over the last quarter. Corporate insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Citigroup assumed coverage on shares of Visa in a report on Monday, June 2nd. They set a "buy" rating for the company. Mizuho upgraded shares of Visa from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $359.00 to $425.00 in a report on Thursday, June 5th. Truist Financial assumed coverage on shares of Visa in a report on Monday, June 2nd. They set a "buy" rating and a $400.00 price target for the company. Barclays reiterated an "overweight" rating on shares of Visa in a report on Friday, June 13th. Finally, BMO Capital Markets boosted their price target on shares of Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $372.84.

Visa Stock Performance

V traded down $8.17 on Friday, hitting $347.71. 7,577,927 shares of the company traded hands, compared to its average volume of 6,821,741. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $375.51. The company has a 50 day moving average of $356.93 and a 200-day moving average of $342.56. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $641.58 billion, a PE ratio of 34.95, a PEG ratio of 2.41 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 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 business had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. During the same quarter in the prior year, the business earned $2.51 earnings per share. The company's quarterly revenue was up 9.3% compared to the same quarter last year. Sell-side analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is presently 23.72%.

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.