CMH Wealth Management LLC Has $8.86 Million Position in Visa Inc. (NYSE:V)

CMH Wealth Management LLC lessened its stake in Visa Inc. (NYSE:V - Free Report) by 2.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,279 shares of the credit-card processor's stock after selling 687 shares during the period. Visa accounts for 2.2% of CMH Wealth Management LLC's portfolio, making the stock its 17th largest holding. CMH Wealth Management LLC's holdings in Visa were worth $8,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Capital & Planning LLC grew its holdings in Visa by 21.2% during the 4th quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor's stock worth $300,000 after acquiring an additional 166 shares during the period. Sovereign Investment Advisors LLC acquired a new position in shares of Visa in the 4th quarter valued at $424,000. Brighton Jones LLC grew its holdings in shares of Visa by 50.1% in the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after buying an additional 6,883 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of Visa in the 4th quarter valued at $202,074,000. Finally, Revolve Wealth Partners LLC grew its holdings in shares of Visa by 68.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock valued at $3,733,000 after buying an additional 4,817 shares during the period. Institutional investors own 82.15% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Evercore ISI assumed coverage on shares of Visa in a report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price target for the company. Susquehanna reissued a "positive" rating on shares of Visa in a report on Friday, March 21st. Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a research report on Thursday, February 13th. William Blair reaffirmed an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Finally, Truist Financial started coverage on shares of Visa in a research report on Monday, June 2nd. They issued a "buy" rating and a $400.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Visa presently has a consensus rating of "Moderate Buy" and an average target price of $372.80.

Visa Stock Performance

Shares of V stock traded up $2.49 on Wednesday, reaching $373.19. The stock had a trading volume of 5,562,400 shares, compared to its average volume of 7,006,900. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm's 50-day moving average is $347.68 and its two-hundred day moving average is $336.77. The firm has a market capitalization of $688.59 billion, a price-to-earnings ratio of 37.62, a P/E/G ratio of 2.33 and a beta of 0.94. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $375.50.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. The company 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%. Visa's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.51 EPS. On average, research analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal 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 issued a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.63%. Visa's payout ratio is 23.72%.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 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 transaction of $2,978,899.60. Following the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $185,576.46. This trade represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the transaction, the insider now owns 26,413 shares in the company, valued at approximately $8,642,333.60. This trade represents a 59.84% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 168,162 shares of company stock valued at $58,645,479. 0.13% of the stock is owned by company insiders.

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.