Visa Inc. (NYSE:V) Stock Holdings Lifted by Forsta AP Fonden

Key Points

• Forsta AP Fonden acquired an additional 7,400 shares of Visa Inc., increasing its holdings by 1.6% and making Visa the firm's 14th biggest holding worth approximately $162.99 million.
• Visa's CEO, Ryan Mcinerney, sold 8,630 shares of stock recently, with other insiders also reducing their ownership, accounting for a total of 75,100 shares sold in the last three months.
• Visa declared a quarterly dividend of $0.59 per share, which will be paid on September 2nd, reflecting a 0.7% yield with a payout ratio of 23.05%.

Forsta AP Fonden raised its position in Visa Inc. (NYSE:V - Free Report) by 1.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 465,086 shares of the credit-card processor's stock after acquiring an additional 7,400 shares during the period. Visa makes up about 1.2% of Forsta AP Fonden's holdings, making the stock its 14th largest position. Forsta AP Fonden's holdings in Visa were worth $162,994,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. von Borstel & Associates Inc. bought a new stake in shares of Visa in the 1st quarter worth approximately $27,000. Measured Risk Portfolios Inc. bought a new position in Visa during the 4th quarter valued at approximately $47,000. O Brien Wealth Partners LLC bought a new position in Visa during the 1st quarter valued at approximately $54,000. Global X Japan Co. Ltd. bought a new position in Visa during the 1st quarter valued at approximately $56,000. Finally, Cedar Mountain Advisors LLC increased its holdings in shares of Visa by 28.5% in the 1st quarter. Cedar Mountain Advisors LLC now owns 167 shares of the credit-card processor's stock worth $59,000 after purchasing an additional 37 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on V shares. Raymond James Financial reaffirmed an "outperform" rating on shares of Visa in a research note on Wednesday, July 30th. Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Piper Sandler boosted their price objective on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. The Goldman Sachs Group assumed coverage on Visa in a research note on Monday, June 2nd. They set a "neutral" rating on the stock. Finally, Jefferies Financial Group increased their price objective on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Visa presently has an average rating of "Moderate Buy" and a consensus price target of $380.84.

Visa Stock Up 1.4%

NYSE V traded up $4.77 on Friday, reaching $336.86. 6,071,880 shares of the stock traded hands, compared to its average volume of 6,371,769. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. The company has a fifty day moving average price of $352.79 and a 200-day moving average price of $347.13. The company has a market cap of $621.56 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 2.25 and a beta of 0.94. Visa Inc. has a 12 month low of $258.74 and a 12 month high of $375.51.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating analysts' consensus estimates of $2.85 by $0.13. The company had revenue of $10.17 billion during the quarter, compared to analysts' expectations of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. The firm's revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.42 earnings per share. As a group, research analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 12th. Visa's payout ratio is 23.05%.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the transaction, the insider directly owned 26,413 shares in the company, valued at $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the transaction, the chief executive officer owned 537 shares in the company, valued at $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,100 shares of company stock valued at $27,643,224 over the last ninety days. 0.13% of the stock is owned by company insiders.

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.