Visa Inc. (NYSE:V) Shares Sold by Mmbg Investment Advisors CO.

Mmbg Investment Advisors CO. trimmed its holdings in Visa Inc. (NYSE:V - Free Report) by 4.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,296 shares of the credit-card processor's stock after selling 1,942 shares during the period. Visa comprises about 1.6% of Mmbg Investment Advisors CO.'s investment portfolio, making the stock its 12th biggest position. Mmbg Investment Advisors CO.'s holdings in Visa were worth $14,122,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in V. NewSquare Capital LLC bought a new stake in shares of Visa in the fourth quarter worth about $35,000. Sellwood Investment Partners LLC bought a new stake in shares of Visa in the fourth quarter worth about $41,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of Visa in the fourth quarter worth about $47,000. Measured Risk Portfolios Inc. bought a new stake in shares of Visa in the fourth quarter worth about $47,000. Finally, Global X Japan Co. Ltd. bought a new stake in shares of Visa in the first quarter worth about $56,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Trading Up 0.1%

Shares of NYSE V traded up $0.36 during trading hours on Tuesday, reaching $355.41. The stock had a trading volume of 6,651,559 shares, compared to its average volume of 6,878,808. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. The firm has a market cap of $655.79 billion, a price-to-earnings ratio of 35.72, a P/E/G ratio of 2.34 and a beta of 0.94. The business's fifty day moving average price is $354.01 and its two-hundred day moving average price is $340.47. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $375.51.

Visa (NYSE:V - Get Free Report) last posted 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 during the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. Visa's revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.51 earnings per share. Analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

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

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $2,978,899.60. Following the transaction, the chief executive officer directly owned 537 shares of the company's stock, valued at $185,576.46. This represents a 94.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the transaction, the general counsel directly owned 11,925 shares in the company, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,478 shares of company stock valued at $33,717,733. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Citigroup began coverage on Visa in a research note on Monday, June 2nd. They set a "buy" rating on the stock. Susquehanna reissued a "positive" rating on shares of Visa in a research note on Friday, March 21st. Barclays reissued an "overweight" rating on shares of Visa in a research note on Friday, June 13th. Finally, Macquarie reduced their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $372.80.

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.