Visa Inc. (NYSE:V) Position Reduced by Running Oak Capital LLC

Running Oak Capital LLC decreased its position in Visa Inc. (NYSE:V - Free Report) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,798 shares of the credit-card processor's stock after selling 748 shares during the quarter. Visa accounts for about 2.0% of Running Oak Capital LLC's investment portfolio, making the stock its 7th largest holding. Running Oak Capital LLC's holdings in Visa were worth $16,401,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bradley & Co. Private Wealth Management LLC acquired a new stake in Visa in the fourth quarter valued at approximately $27,000. Compass Planning Associates Inc acquired a new stake in Visa in the fourth quarter valued at approximately $32,000. FPC Investment Advisory Inc. grew its position in Visa by 377.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock valued at $36,000 after acquiring an additional 83 shares in the last quarter. NewSquare Capital LLC acquired a new stake in Visa in the fourth quarter valued at approximately $35,000. Finally, Sellwood Investment Partners LLC acquired a new stake in Visa in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 11,636 shares of the firm's stock in a transaction 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 now directly owns 26,413 shares in the company, valued at approximately $9,904,875. This trade represents a 30.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $362.77, for a total value of $3,127,077.40. Following the completion of the sale, the chief executive officer now owns 537 shares in the company, valued at $194,807.49. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,098 shares of company stock worth $36,738,526. 0.13% of the stock is owned by insiders.

Visa Stock Performance

Shares of V opened at $338.04 on Friday. The business's fifty day moving average price is $351.78 and its 200 day moving average price is $338.74. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $375.51. The stock has a market capitalization of $623.73 billion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 2.28 and a beta of 0.94. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08.

Visa (NYSE:V - Get Free Report) last announced 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. The firm 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%. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the business posted $2.51 earnings per share. Equities research analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

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. This represents a $2.36 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Tuesday, May 13th. Visa's payout ratio is 23.72%.

Wall Street Analysts Forecast Growth

V has been the subject of several recent research reports. Susquehanna reaffirmed a "positive" rating on shares of Visa in a research report on Friday, March 21st. Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Evercore ISI started coverage on shares of Visa in a research report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target for the company. Barclays reissued an "overweight" rating on shares of Visa in a research report on Friday, June 13th. Finally, Citigroup started coverage on shares of Visa in a research report on Monday, June 2nd. They set a "buy" rating for the company. 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. According to MarketBeat.com, Visa currently has a consensus rating of "Moderate Buy" and an average price target of $372.80.

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.

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