Thornburg Investment Management Inc. Has $1.65 Million Stock Holdings in Visa Inc. (NYSE:V)

Thornburg Investment Management Inc. trimmed its holdings in Visa Inc. (NYSE:V - Free Report) by 88.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,210 shares of the credit-card processor's stock after selling 39,198 shares during the quarter. Thornburg Investment Management Inc.'s holdings in Visa were worth $1,647,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of V. Vanguard Group Inc. grew its holdings in shares of 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 purchasing an additional 7,079,706 shares in the last quarter. Geode Capital Management LLC lifted its position in Visa by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor's stock worth $12,729,901,000 after purchasing an additional 1,689,926 shares during the period. Capital International Investors lifted its position in Visa by 3.8% in the fourth quarter. Capital International Investors now owns 23,816,573 shares of the credit-card processor's stock worth $7,526,660,000 after purchasing an additional 866,596 shares during the period. Capital World Investors boosted its stake in Visa by 1.0% during the fourth quarter. Capital World Investors now owns 23,277,622 shares of the credit-card processor's stock worth $7,356,614,000 after buying an additional 241,057 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Visa by 18.0% in the 4th quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor's stock valued at $5,771,116,000 after buying an additional 2,785,707 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Trading Down 0.1%

Shares of NYSE V traded down $0.40 during midday trading on Thursday, hitting $357.90. The stock had a trading volume of 4,931,414 shares, compared to its average volume of 7,007,571. The firm has a market cap of $660.38 billion, a P/E ratio of 36.08, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. 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 current ratio of 1.12 and a quick ratio of 1.12. The company's 50-day simple moving average is $340.60 and its 200 day simple moving average is $330.88.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.08. The business had revenue of $9.59 billion for 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 quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.51 earnings per share. Research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

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 given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Tuesday, May 13th. Visa's dividend payout ratio is 23.72%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on V shares. Raymond James reaffirmed an "outperform" rating and set a $393.00 price objective (up from $374.00) on shares of Visa in a report on Friday, January 31st. William Blair reissued an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Evercore ISI initiated coverage on shares of Visa in a research note on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target for the company. Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Citigroup reissued a "neutral" rating on shares of Visa in a report on Thursday, February 13th. Six investment 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. Based on data from MarketBeat, Visa currently has an average rating of "Moderate Buy" and a consensus target price of $362.38.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the transaction, the chief executive officer now directly owns 537 shares of the company's stock, valued at $194,931. This trade represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the business'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 $4,121,041.50. This trade represents a 17.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 121,948 shares of company stock worth $41,548,282 in the last quarter. 0.13% of the stock is owned by company insiders.

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.