Visa Inc. (NYSE:V) is Mill Capital Management LLC's 4th Largest Position

Mill Capital Management LLC lowered its position in Visa Inc. (NYSE:V - Free Report) by 2.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 202,273 shares of the credit-card processor's stock after selling 4,487 shares during the quarter. Visa makes up about 5.7% of Mill Capital Management LLC's portfolio, making the stock its 4th biggest position. Mill Capital Management LLC's holdings in Visa were worth $70,889,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of V. Norges Bank purchased a new stake in Visa during the fourth quarter worth $5,171,271,000. GAMMA Investing LLC lifted its holdings in Visa by 38,416.3% during the first quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor's stock worth $5,173,271,000 after buying an additional 14,723,050 shares during the period. Vanguard Group Inc. lifted its holdings in Visa by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after buying an additional 7,079,706 shares during the period. Raymond James Financial Inc. purchased a new stake in Visa during the fourth quarter worth $1,955,403,000. Finally, Proficio Capital Partners LLC lifted its holdings in Visa by 17,018.7% during the fourth quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock worth $1,248,079,000 after buying an additional 3,926,049 shares during the period. Institutional investors own 82.15% of the company's stock.

Visa Stock Performance

V stock traded up $3.10 during midday trading on Friday, reaching $349.13. The stock had a trading volume of 6,588,465 shares, compared to its average volume of 6,878,912. The firm has a fifty day simple moving average of $353.30 and a two-hundred day simple moving average of $340.19. The stock has a market cap of $644.20 billion, a PE ratio of 35.09, a P/E/G ratio of 2.34 and a beta of 0.94. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $375.51. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. The business had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The company's revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $2.51 EPS. As a group, equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were paid 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 0.68%. Visa's payout ratio is currently 23.72%.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 14,813 shares of Visa stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $355.04, for a total transaction of $5,259,207.52. Following the completion of the transaction, the insider now owns 26,413 shares in the company, valued at approximately $9,377,671.52. This trade represents a 35.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $2,978,899.60. Following the completion of the transaction, the chief executive officer now owns 537 shares of the company's stock, valued at approximately $185,576.46. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,098 shares of company stock worth $36,738,526. Insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

V has been the subject of a number of analyst reports. Barclays restated an "overweight" rating on shares of Visa in a report on Friday, June 13th. The Goldman Sachs Group started coverage on Visa in a report on Monday, June 2nd. They set a "neutral" rating for the company. Citigroup started coverage on Visa in a research report on Monday, June 2nd. They issued a "buy" rating for the company. Macquarie lowered their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, UBS Group raised their price objective on Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Visa presently has an average rating of "Moderate Buy" and a consensus price target of $372.80.

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.