Visa Inc. (NYSE:V) Position Cut by Norman Fields Gottscho Capital Management LLC

Norman Fields Gottscho Capital Management LLC cut its position in shares of Visa Inc. (NYSE:V - Free Report) by 1.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,180 shares of the credit-card processor's stock after selling 1,062 shares during the quarter. Visa makes up about 11.2% of Norman Fields Gottscho Capital Management LLC's investment portfolio, making the stock its 3rd largest position. Norman Fields Gottscho Capital Management LLC's holdings in Visa were worth $33,357,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of V. Norges Bank purchased a new position in shares of Visa in the fourth quarter worth about $5,171,271,000. Vanguard Group Inc. grew its position in Visa by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after acquiring an additional 7,079,706 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Visa in the 4th quarter worth approximately $1,955,403,000. Proficio Capital Partners LLC lifted its position in Visa by 17,018.7% in the fourth quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock valued at $1,248,079,000 after purchasing an additional 3,926,049 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Visa by 18.0% during the fourth quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor's stock valued at $5,771,116,000 after purchasing an additional 2,785,707 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 14,813 shares of the stock in a transaction that occurred on 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 directly owns 26,413 shares in the company, valued at approximately $9,377,671.52. This represents a 35.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm's stock in a transaction 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 completion of the transaction, the general counsel now directly owns 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 121,948 shares of company stock worth $41,548,282. Insiders own 0.13% of the company's stock.

Visa Price Performance

V traded up $3.03 on Friday, hitting $365.43. 8,725,642 shares of the company's stock traded hands, compared to its average volume of 7,023,744. The company's 50 day simple moving average is $342.99 and its 200-day simple moving average is $333.16. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a one year low of $252.70 and a one year high of $369.15. The firm has a market cap of $674.28 billion, a price-to-earnings ratio of 36.84, a P/E/G ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data 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 54.27% and a return on equity of 54.79%. The business had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same period last year, the firm posted $2.51 EPS. The company's revenue was up 9.3% on a year-over-year basis. As a group, research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders 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 dividend on an annualized basis and a yield of 0.65%. Visa's dividend payout ratio is currently 23.72%.

Analyst Ratings Changes

A number of research firms recently commented on V. The Goldman Sachs Group upped their price target on shares of Visa from $346.00 to $384.00 and gave the company a "buy" rating in a report on Friday, January 31st. Citigroup reaffirmed a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. Wells Fargo & Company raised their target price on Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Evercore ISI assumed coverage on Visa in a research report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target for the company. Finally, Piper Sandler increased their price objective on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $366.13.

Visa 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.