Visa Inc. $V Position Lowered by RWA Wealth Partners LLC

Key Points

• RWA Wealth Partners LLC has reduced its stake in Visa Inc. by 5.2%, now holding 168,454 shares valued at approximately $59 million, making it the 22nd largest holding in their portfolio.
• Visa's CEO, Ryan Mcinerney, sold 8,630 shares recently, marking a 94.14% decrease in his position, while total insider sales over the last ninety days reached approximately $27.6 million.
• The company exceeded analysts' quarterly earnings expectations with a reported $2.98 EPS and revenue of $10.17 billion, leading to an annual revenue increase of 14.3%.

RWA Wealth Partners LLC decreased its stake in shares of Visa Inc. (NYSE:V - Free Report) by 5.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 168,454 shares of the credit-card processor's stock after selling 9,276 shares during the period. Visa comprises about 0.7% of RWA Wealth Partners LLC's investment portfolio, making the stock its 22nd biggest holding. RWA Wealth Partners LLC's holdings in Visa were worth $59,037,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Keystone Global Partners LLC bought a new position in Visa in the first quarter worth about $26,000. von Borstel & Associates Inc. bought a new position in Visa in the first quarter worth about $27,000. Measured Risk Portfolios Inc. bought a new position in Visa in the fourth quarter worth about $47,000. O Brien Wealth Partners LLC bought a new position in Visa in the first quarter worth about $54,000. Finally, Global X Japan Co. Ltd. bought a new position in Visa in the first quarter worth about $56,000. Institutional investors own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of Visa 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 transaction, the chief executive officer directly owned 537 shares in the company, valued at approximately $190,001.34. The trade was a 94.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 46,214 shares of Visa 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 in the company, valued at approximately $9,772,810. The trade was a 63.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,100 shares of company stock worth $27,643,224 in the last ninety days. 0.13% of the stock is owned by corporate insiders.

Visa Price Performance

NYSE V opened at $344.44 on Monday. The stock has a market capitalization of $631.29 billion, a P/E ratio of 33.64, a P/E/G ratio of 2.29 and a beta of 0.94. Visa Inc. has a 1 year low of $265.23 and a 1 year high of $375.51. The business's fifty day moving average is $350.17 and its two-hundred day moving average is $347.44. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.13. The company had revenue of $10.17 billion for the quarter, compared to analysts' expectations of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%. The firm's revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.42 earnings per share. On average, research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Visa's dividend payout ratio is currently 23.05%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on V. Morgan Stanley raised their target price on shares of Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Jefferies Financial Group raised their price target on shares of Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. William Blair restated an "outperform" rating on shares of Visa in a research note 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 note on Wednesday, April 30th. Finally, Truist Financial dropped their price target on shares of Visa from $400.00 to $397.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Visa has an average rating of "Moderate Buy" and a consensus target price of $380.84.

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.

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