Visa Inc. (NYSE:V) Shares Sold by Milestone Asset Management LLC

Milestone Asset Management LLC trimmed its position in shares of Visa Inc. (NYSE:V - Free Report) by 30.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,960 shares of the credit-card processor's stock after selling 2,206 shares during the period. Milestone Asset Management LLC's holdings in Visa were worth $1,738,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Visa in the 4th quarter valued at approximately $27,000. POM Investment Strategies LLC grew its stake in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after purchasing an additional 32 shares during the period. Compass Planning Associates Inc bought a new stake in shares of Visa in the 4th quarter valued at approximately $32,000. FPC Investment Advisory Inc. grew its stake in shares of Visa by 377.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock valued at $36,000 after purchasing an additional 83 shares during the period. Finally, NewSquare Capital LLC acquired a new position in shares of Visa in the 4th quarter worth approximately $35,000. 82.15% of the stock is currently owned by institutional investors.

Insider Activity at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the transaction, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at $8,991,249.33. The trade was a 59.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 113,328 shares of company stock valued at $38,419,222 over the last ninety days. Insiders own 0.13% of the company's stock.

Visa Stock Performance

NYSE V traded up $0.80 on Tuesday, reaching $366.12. 5,221,297 shares of the company's stock traded hands, compared to its average volume of 7,005,162. The firm has a market cap of $675.56 billion, a price-to-earnings ratio of 36.91, a P/E/G ratio of 2.33 and a beta of 0.96. The stock has a 50 day moving average price of $343.82 and a 200-day moving average price of $334.27. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $369.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.51 EPS. Equities research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.64%. Visa's dividend payout ratio (DPR) is presently 23.72%.

Analyst Ratings Changes

Several research firms have issued reports on V. Barclays upped their price objective on Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. The Goldman Sachs Group started coverage on Visa in a research note on Monday. They issued a "neutral" rating on the stock. Finally, UBS Group increased their price target on Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Six analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $367.48.

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.