Visa Inc. (NYSE:V) Stock Holdings Lowered by PICTET BANK & TRUST Ltd

PICTET BANK & TRUST Ltd lessened its position in Visa Inc. (NYSE:V - Free Report) by 25.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,777 shares of the credit-card processor's stock after selling 2,333 shares during the period. Visa comprises 2.9% of PICTET BANK & TRUST Ltd's portfolio, making the stock its 12th largest holding. PICTET BANK & TRUST Ltd's holdings in Visa were worth $2,375,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of V. NewSquare Capital LLC purchased a new stake in Visa in the fourth quarter valued at approximately $35,000. Sellwood Investment Partners LLC purchased a new stake in Visa during the fourth quarter worth approximately $41,000. Mountain Hill Investment Partners Corp. purchased a new stake in Visa during the fourth quarter worth approximately $47,000. Measured Risk Portfolios Inc. purchased a new stake in Visa during the fourth quarter worth approximately $47,000. Finally, Navigoe LLC purchased a new stake in Visa during the fourth quarter worth approximately $53,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

V has been the subject of several research reports. Jefferies Financial Group boosted their price objective on shares of Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Barclays reiterated an "overweight" rating on shares of Visa in a research note on Friday, June 13th. William Blair reiterated an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. UBS Group boosted their price objective on shares of Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Finally, The Goldman Sachs Group began coverage on shares of Visa in a research note on Monday, June 2nd. They set a "neutral" rating for the company. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Visa has a consensus rating of "Moderate Buy" and a consensus price target of $372.84.

Visa Stock Performance

Shares of NYSE:V traded down $2.21 on Monday, reaching $356.65. 5,135,922 shares of the company's stock were exchanged, compared to its average volume of 6,843,617. The firm has a market capitalization of $658.08 billion, a price-to-earnings ratio of 35.84, a PEG ratio of 2.43 and a beta of 0.92. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $375.51. The business's 50-day moving average is $356.17 and its two-hundred day moving average is $341.92. 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 issued its earnings results 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 for the quarter, compared to analysts' expectations of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. The firm's revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.51 earnings per share. As a group, equities research analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. Visa's dividend payout ratio (DPR) is 23.72%.

Insiders Place Their Bets

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of the 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 sale, the general counsel directly owned 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the transaction, the chief executive officer owned 537 shares of the company's stock, valued at $190,001.34. This represents a 94.14% 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. Company insiders own 0.13% of the company's stock.

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.