U.S. Capital Wealth Advisors LLC Trims Holdings in Visa Inc. (NYSE:V)

U.S. Capital Wealth Advisors LLC lowered its stake in Visa Inc. (NYSE:V - Free Report) by 6.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,722 shares of the credit-card processor's stock after selling 3,550 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Visa were worth $18,477,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in V. Brass Tax Wealth Management Inc. grew its position in Visa by 4.6% during the first quarter. Brass Tax Wealth Management Inc. now owns 2,447 shares of the credit-card processor's stock valued at $857,000 after buying an additional 108 shares during the period. Security National Bank of SO Dak grew its position in Visa by 24.2% during the first quarter. Security National Bank of SO Dak now owns 1,929 shares of the credit-card processor's stock valued at $676,000 after buying an additional 376 shares during the period. Wood Tarver Financial Group LLC grew its position in Visa by 11.1% during the first quarter. Wood Tarver Financial Group LLC now owns 301 shares of the credit-card processor's stock valued at $105,000 after buying an additional 30 shares during the period. Callan Capital LLC grew its position in Visa by 27.8% during the first quarter. Callan Capital LLC now owns 3,864 shares of the credit-card processor's stock valued at $1,354,000 after buying an additional 840 shares during the period. Finally, Heritage Wealth Management Inc. grew its position in Visa by 8.3% during the first quarter. Heritage Wealth Management Inc. now owns 2,885 shares of the credit-card processor's stock valued at $1,011,000 after buying an additional 220 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the transaction, the chief executive officer owned 537 shares in the company, valued at $190,001.34. The trade was a 94.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul D. Fabara sold 46,214 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the transaction, the insider owned 26,413 shares of the company's stock, valued at $9,772,810. This trade represents a 63.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,108 shares of company stock worth $36,771,200 in the last 90 days. Corporate insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on V shares. William Blair restated an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. BMO Capital Markets raised their price target on shares of Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. UBS Group raised their price target on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. Barclays reiterated an "overweight" rating on shares of Visa in a research report on Friday, June 13th. Finally, Jefferies Financial Group lifted their target price on shares of Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Visa has an average rating of "Moderate Buy" and a consensus price target of $372.84.

Visa Trading Down 2.3%

Shares of NYSE:V traded down $8.17 during mid-day trading on Friday, reaching $347.71. 7,575,580 shares of the company were exchanged, compared to its average volume of 6,701,416. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market cap of $641.58 billion, a price-to-earnings ratio of 34.95, a P/E/G ratio of 2.43 and a beta of 0.92. The firm's 50-day simple moving average is $356.93 and its 200 day simple moving average is $342.37. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $375.51.

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 for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. The firm had revenue of $9.59 billion during 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 business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.51 earnings per share. Equities research analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently declared 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. This represents a $2.36 annualized dividend and a yield of 0.68%. The ex-dividend date was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is presently 23.72%.

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.