Capital Management Corp VA reduced its holdings in Visa Inc. (NYSE:V - Free Report) by 2.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,935 shares of the credit-card processor's stock after selling 808 shares during the quarter. Visa makes up approximately 2.1% of Capital Management Corp VA's holdings, making the stock its 20th largest holding. Capital Management Corp VA's holdings in Visa were worth $11,893,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the business. Hirtle Callaghan & Co LLC grew its position in Visa by 1.3% in the fourth quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock worth $724,000 after acquiring an additional 29 shares in the last quarter. FWL Investment Management LLC grew its position in Visa by 0.5% in the fourth quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock worth $2,005,000 after acquiring an additional 29 shares in the last quarter. Yeomans Consulting Group Inc. grew its position in Visa by 2.9% in the first quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock worth $360,000 after acquiring an additional 29 shares in the last quarter. Capstone Financial Advisors Inc. grew 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 acquiring an additional 30 shares in the last quarter. Finally, Headinvest LLC grew 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 acquiring an additional 30 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have weighed in on V shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Visa in a research note on Thursday. They issued a "buy" rating and a $410.00 price target for the company. Citigroup started coverage on shares of Visa in a research note on Monday, June 2nd. They issued a "buy" rating for the company. Piper Sandler boosted their price target on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. BMO Capital Markets boosted their price target on shares of Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Finally, Susquehanna reissued a "positive" rating on shares of Visa in a research note on Friday, March 21st. Five research 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 stock. Based on data from MarketBeat.com, Visa has a consensus rating of "Moderate Buy" and an average target price of $375.52.
Check Out Our Latest Research Report on V
Visa Trading Down 0.3%
Shares of NYSE V traded down $0.91 during midday trading on Friday, hitting $348.90. 4,916,998 shares of the company traded hands, compared to its average volume of 6,795,706. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $375.51. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a 50-day moving average price of $356.82 and a 200 day moving average price of $343.63. The firm has a market cap of $643.78 billion, a P/E ratio of 35.07, a P/E/G ratio of 2.37 and a beta of 0.92.
Visa (NYSE:V - Get Free Report) last announced 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 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%. Visa's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.51 earnings per share. As a group, analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.
Visa Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is presently 23.72%.
Insiders Place Their Bets
In other Visa news, insider Paul D. Fabara sold 11,636 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total value of $4,363,500.00. Following the sale, the insider owned 26,413 shares in the company, valued at approximately $9,904,875. This represents a 30.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 completion of the sale, the chief executive officer owned 537 shares in the company, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,108 shares of company stock worth $36,771,200. 0.13% of the stock is currently owned by company insiders.
About Visa
(
Free Report)
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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