Stokes Capital Advisors LLC lowered its stake in shares of Visa Inc. (NYSE:V - Free Report) by 2.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,164 shares of the credit-card processor's stock after selling 771 shares during the period. Visa comprises 3.0% of Stokes Capital Advisors LLC's portfolio, making the stock its 4th largest holding. Stokes Capital Advisors LLC's holdings in Visa were worth $11,623,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. KFG Wealth Management LLC raised its position in shares of Visa by 3.0% in the first quarter. KFG Wealth Management LLC now owns 1,672 shares of the credit-card processor's stock valued at $586,000 after buying an additional 48 shares during the last quarter. Radnor Capital Management LLC grew its holdings in Visa by 7.5% in the first quarter. Radnor Capital Management LLC now owns 12,205 shares of the credit-card processor's stock valued at $4,277,000 after purchasing an additional 855 shares during the period. Horizon Wealth Management LLC grew its holdings in Visa by 17.0% in the first quarter. Horizon Wealth Management LLC now owns 1,075 shares of the credit-card processor's stock valued at $377,000 after purchasing an additional 156 shares during the period. First National Corp MA ADV grew its stake in Visa by 1.5% during the first quarter. First National Corp MA ADV now owns 3,927 shares of the credit-card processor's stock worth $1,376,000 after buying an additional 59 shares during the period. Finally, Constitution Capital LLC grew its stake in Visa by 5.7% during the first quarter. Constitution Capital LLC now owns 3,720 shares of the credit-card processor's stock worth $1,304,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.
Visa Price Performance
Shares of V opened at $370.44 on Friday. The firm has a market cap of $683.52 billion, a PE ratio of 37.34, a PEG ratio of 2.33 and a beta of 0.96. The firm's 50 day moving average price is $345.45 and its 200 day moving average price is $335.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $371.00.
Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. The business had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. Visa's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.51 earnings per share. As a group, research analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.
Visa Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were paid a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.64%. Visa's dividend payout ratio is presently 23.72%.
Analyst Upgrades and Downgrades
V has been the subject of a number of recent analyst reports. William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. UBS Group increased their price objective on shares of Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a report on Wednesday, May 28th. Citigroup began coverage on shares of Visa in a research report on Monday. They issued a "buy" rating for the company. Finally, Macquarie decreased their target price on shares of Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Visa has an average rating of "Moderate Buy" and an average price target of $372.80.
Check Out Our Latest Research Report on Visa
Insider Activity
In other news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total value of $3,020,792.80. Following the completion of the sale, the chief executive officer now directly owns 537 shares of the company's stock, valued at $188,186.28. This represents a 94.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the sale, the insider now directly owns 26,413 shares of the company's stock, valued at approximately $8,642,333.60. This trade represents a 59.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 168,162 shares of company stock worth $58,645,479. Corporate insiders own 0.13% of the company's stock.
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.
See Also
Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V - Free Report).
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