Visa Inc. (NYSE:V) Shares Sold by Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. lowered its position in shares of Visa Inc. (NYSE:V - Free Report) by 57.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,258 shares of the credit-card processor's stock after selling 7,093 shares during the quarter. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s holdings in Visa were worth $1,662,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in V. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Visa by 14.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,321,754 shares of the credit-card processor's stock valued at $4,210,207,000 after purchasing an additional 1,723,785 shares in the last quarter. USS Investment Management Ltd grew its position in shares of Visa by 1.5% in the fourth quarter. USS Investment Management Ltd now owns 1,103,238 shares of the credit-card processor's stock valued at $348,971,000 after purchasing an additional 16,357 shares in the last quarter. Vance Wealth LLC grew its position in shares of Visa by 6.3% in the fourth quarter. Vance Wealth LLC now owns 1,116 shares of the credit-card processor's stock valued at $353,000 after purchasing an additional 66 shares in the last quarter. Waverly Advisors LLC grew its position in shares of Visa by 29.5% in the fourth quarter. Waverly Advisors LLC now owns 60,546 shares of the credit-card processor's stock valued at $19,135,000 after purchasing an additional 13,786 shares in the last quarter. Finally, Wesleyan Assurance Society grew its position in shares of Visa by 15.4% in the fourth quarter. Wesleyan Assurance Society now owns 57,630 shares of the credit-card processor's stock valued at $18,229,000 after purchasing an additional 7,680 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Stock Up 0.7%

Shares of NYSE V opened at $367.76 on Tuesday. The stock has a market cap of $678.58 billion, a PE ratio of 37.07, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $369.15. The business has a 50-day moving average price of $339.28 and a 200 day moving average price of $330.43.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. The company had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the firm earned $2.51 EPS. Equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.64%. Visa's dividend payout ratio is currently 23.72%.

Analyst Ratings Changes

V has been the subject of a number of analyst reports. Piper Sandler upped their price target on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. William Blair reiterated an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. StockNews.com upgraded Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Citigroup reiterated a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Finally, Evercore ISI assumed coverage on Visa in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price objective for the company. Six analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Visa has a consensus rating of "Moderate Buy" and an average target price of $362.38.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the transaction, the chief executive officer now owns 537 shares of the company's stock, valued at approximately $194,931. This trade represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction 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 directly owns 26,413 shares of the company's stock, valued at $8,642,333.60. The trade was a 59.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,948 shares of company stock valued at $41,548,282 in the last three months. 0.13% of the stock is currently 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.

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