Visa Inc. (NYSE:V) Shares Sold by Triglav Skladi D.O.O.

Key Points

• Triglav Skladi D.O.O. significantly reduced its position in Visa Inc., cutting its holdings by 92.5%, now owning 95,252 shares valued at approximately $33.4 million.
• Insider trading activity included CEO Ryan Mcinerney selling 8,630 shares for over $3 million, reducing his ownership by 94.14%, while insider Paul D. Fabara sold 46,214 shares valued at about $17.1 million, decreasing his stake by 63.63%.
• The latest earnings report showed Visa reported $2.98 EPS, surpassing expectations, and a revenue increase of 14.3% year-over-year, contributing to a market capitalization of $617.28 billion.

Triglav Skladi D.O.O. cut its position in shares of Visa Inc. (NYSE:V - Free Report) by 92.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,252 shares of the credit-card processor's stock after selling 1,178,744 shares during the quarter. Visa makes up 2.8% of Triglav Skladi D.O.O.'s investment portfolio, making the stock its 10th largest position. Triglav Skladi D.O.O.'s holdings in Visa were worth $33,381,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of V. FWL Investment Management LLC increased its stake in Visa by 0.5% during the fourth quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock valued at $2,005,000 after purchasing an additional 29 shares during the last quarter. Yeomans Consulting Group Inc. grew its holdings in Visa by 2.9% during the first quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock valued at $360,000 after purchasing an additional 29 shares during the last quarter. Semus Wealth Partners LLC grew its stake in shares of Visa by 0.8% in the first quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor's stock worth $1,209,000 after acquiring an additional 29 shares during the last quarter. Capstone Financial Advisors Inc. lifted its position in Visa by 3.6% in the fourth quarter. Capstone Financial Advisors Inc. now owns 872 shares of the credit-card processor's stock worth $276,000 after purchasing an additional 30 shares during the period. Finally, Headinvest LLC lifted its position in Visa by 0.8% in the fourth quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor's stock worth $1,265,000 after purchasing an additional 30 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction on 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 directly owned 537 shares in the company, valued at $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 46,214 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total value of $17,099,180.00. Following the sale, the insider directly owned 26,413 shares in the company, valued at $9,772,810. This represents a 63.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,100 shares of company stock worth $27,643,224 over the last quarter. 0.13% of the stock is currently owned by insiders.

Visa Price Performance

Shares of Visa stock opened at $336.80 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. Visa Inc. has a twelve month low of $258.74 and a twelve month high of $375.51. The business has a 50-day moving average price of $351.62 and a 200 day moving average price of $347.23. The firm has a market cap of $617.28 billion, a PE ratio of 32.89, a P/E/G ratio of 2.24 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, topping the consensus estimate of $2.85 by $0.13. The company had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%. Visa's quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.42 EPS. Sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Visa's dividend payout ratio is currently 23.05%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on V shares. William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Barclays reiterated an "overweight" rating and issued a $408.00 price objective (up from $396.00) on shares of Visa in a report on Thursday, July 31st. Morgan Stanley lifted their price objective on shares of Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Raymond James Financial reissued an "outperform" rating on shares of Visa in a research report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Visa in a research note on Thursday, July 17th. They issued a "buy" rating and a $410.00 price target for the company. Five investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $380.84.

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.

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