Howard Capital Management Group LLC Sells 1,384 Shares of Visa Inc. (NYSE:V)

Howard Capital Management Group LLC cut its holdings in Visa Inc. (NYSE:V - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,411 shares of the credit-card processor's stock after selling 1,384 shares during the period. Visa comprises approximately 2.9% of Howard Capital Management Group LLC's portfolio, making the stock its 10th biggest holding. Howard Capital Management Group LLC's holdings in Visa were worth $36,942,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in V. Capital & Planning LLC lifted its holdings in Visa by 21.2% during the 4th quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor's stock worth $300,000 after purchasing an additional 166 shares in the last quarter. Sovereign Investment Advisors LLC bought a new position in Visa during the fourth quarter valued at approximately $424,000. Brighton Jones LLC grew its holdings in shares of Visa by 50.1% during the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after purchasing an additional 6,883 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Visa in the fourth quarter worth about $202,074,000. Finally, Revolve Wealth Partners LLC lifted its position in Visa by 68.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock valued at $3,733,000 after purchasing an additional 4,817 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on V shares. William Blair reaffirmed an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. Citigroup initiated coverage on Visa in a research note on Monday, June 2nd. They issued a "buy" rating on the stock. Truist Financial started coverage on shares of Visa in a report on Monday, June 2nd. They issued a "buy" rating and a $400.00 target price for the company. UBS Group increased their price objective on Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. Finally, BMO Capital Markets lifted their target price on shares of Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $372.80.

Visa Price Performance

V traded down $18.65 on Friday, hitting $352.75. 14,176,249 shares of the company's stock traded hands, compared to its average volume of 7,023,536. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The company's 50 day simple moving average is $349.76 and its 200-day simple moving average is $337.45. Visa Inc. has a one year low of $252.70 and a one year high of $375.51. The firm has a market cap of $650.87 billion, a price-to-earnings ratio of 35.56, a P/E/G ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.08. The business had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.51 EPS. As a group, research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is 23.72%.

Insider Buying and Selling at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the transaction, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total value of $13,395,133.50. Following the sale, the insider now owns 26,413 shares of the company's stock, valued at approximately $8,991,249.33. This represents a 59.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,448 shares of company stock worth $50,133,659 over the last quarter. Insiders own 0.13% of the company's stock.

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.