Visa Inc. $V Shares Sold by Wilson Asset Management International PTY Ltd.

Key Points

• Wilson Asset Management International PTY Ltd. reduced its stake in Visa Inc. by 4.4% in the second quarter, selling 3,228 shares and holding 70,074 shares worth approximately $24.88 million at quarter's end.
• Analysts have given Visa a consensus average rating of "Moderate Buy", with 21 Buy ratings, while setting a price target range between $389.00 and $415.00.
• Visa's latest quarterly earnings showed an EPS of $2.98, exceeding analyst expectations, and the company recently declared a quarterly dividend of $0.59 per share.

Wilson Asset Management International PTY Ltd. decreased its position in Visa Inc. (NYSE:V - Free Report) by 4.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,074 shares of the credit-card processor's stock after selling 3,228 shares during the quarter. Visa accounts for approximately 6.1% of Wilson Asset Management International PTY Ltd.'s holdings, making the stock its 3rd largest position. Wilson Asset Management International PTY Ltd.'s holdings in Visa were worth $24,880,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in V. Keystone Global Partners LLC acquired a new position in Visa during the 1st quarter valued at approximately $26,000. von Borstel & Associates Inc. acquired a new position in Visa during the 1st quarter valued at approximately $27,000. Family Legacy Financial Solutions LLC acquired a new position in Visa during the 2nd quarter valued at approximately $28,000. Cranbrook Wealth Management LLC boosted its position in Visa by 82.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor's stock valued at $32,000 after purchasing an additional 41 shares during the period. Finally, 1 North Wealth Services LLC acquired a new position in Visa during the 1st quarter valued at approximately $38,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

V has been the subject of a number of analyst reports. UBS Group restated a "buy" rating and set a $415.00 price objective (up previously from $405.00) on shares of Visa in a research report on Wednesday, July 30th. Erste Group Bank lowered Visa from a "buy" rating to a "hold" rating in a research report on Monday, September 22nd. Oppenheimer boosted their price target on Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Robert W. Baird set a $410.00 price target on Visa and gave the stock an "outperform" rating in a research report on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Visa in a research report on Thursday, July 17th. They set a "buy" rating and a $410.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $389.00.

Visa Stock Up 1.9%

V opened at $341.90 on Friday. Visa Inc. has a one year low of $280.78 and a one year high of $375.51. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. The stock's fifty day moving average is $344.30 and its 200-day moving average is $346.83. The company has a market capitalization of $626.63 billion, a PE ratio of 33.39, a P/E/G ratio of 1.99 and a beta of 0.90.

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

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa's payout ratio is currently 23.05%.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 10,485 shares of the business's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total value of $3,589,015.50. Following the sale, the chief executive officer owned 537 shares of the company's stock, valued at approximately $183,815.10. The trade was a 95.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the sale, the general counsel directly owned 11,925 shares in the company, valued at $4,102,438.50. This represents a 14.53% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

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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