Visa Inc. (NYSE:V) Shares Sold by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. decreased its position in shares of Visa Inc. (NYSE:V - Free Report) by 4.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 64,275 shares of the credit-card processor's stock after selling 2,677 shares during the period. Visa comprises about 1.8% of Lee Danner & Bass Inc.'s holdings, making the stock its 8th largest holding. Lee Danner & Bass Inc.'s holdings in Visa were worth $22,526,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. von Borstel & Associates Inc. purchased a new stake in Visa during the 1st quarter valued at $27,000. Sellwood Investment Partners LLC purchased a new stake in Visa during the 4th quarter valued at $41,000. Mountain Hill Investment Partners Corp. purchased a new stake in Visa during the 4th quarter valued at $47,000. Measured Risk Portfolios Inc. purchased a new stake in Visa during the 4th quarter valued at $47,000. Finally, Navigoe LLC purchased a new stake in Visa during the 4th quarter valued at $53,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 46,214 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the sale, the insider directly owned 26,413 shares of the company's stock, valued at approximately $9,772,810. This represents a 63.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the sale, the general counsel directly owned 11,925 shares in the company, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,108 shares of company stock valued at $36,771,200. Corporate insiders own 0.13% of the company's stock.

Visa Trading Down 0.6%

Shares of NYSE:V traded down $2.21 during trading on Tuesday, reaching $354.43. The stock had a trading volume of 6,964,540 shares, compared to its average volume of 6,844,099. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $375.51. The business has a fifty day moving average price of $356.17 and a 200-day moving average price of $341.92. The stock has a market cap of $653.98 billion, a P/E ratio of 35.62, a PEG ratio of 2.43 and a beta of 0.92. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last released 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. Visa had a net margin of 52.86% and a return on equity of 56.28%. The firm had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the previous year, the firm earned $2.51 earnings per share. Visa's revenue was up 9.3% compared to the same quarter last year. As a group, analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. Visa's payout ratio is currently 23.72%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on V shares. William Blair reissued an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Macquarie lowered their price target on Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Barclays reissued an "overweight" rating on shares of Visa in a report on Friday, June 13th. Truist Financial started coverage on Visa in a report on Monday, June 2nd. They set a "buy" rating and a $400.00 price target on the stock. Finally, Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Visa presently has an average rating of "Moderate Buy" and a consensus price target of $372.84.

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.