Visa Inc. $V Stock: Hikari Power Ltd Decreases Stake

Hikari Power Ltd cut its holdings in Visa Inc. (NYSE:V - Free Report) by 79.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,270 shares of the credit-card processor's stock after selling 99,000 shares during the period. Visa accounts for 2.1% of Hikari Power Ltd's portfolio, making the stock its 4th largest holding. Hikari Power Ltd's holdings in Visa were worth $9,080,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of V. Tucker Asset Management LLC bought a new position in shares of Visa during the 3rd quarter valued at approximately $204,000. VCI Wealth Management LLC increased its holdings in Visa by 1.8% in the 3rd quarter. VCI Wealth Management LLC now owns 12,970 shares of the credit-card processor's stock worth $4,660,000 after acquiring an additional 229 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management raised its stake in Visa by 6.9% during the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 9,147 shares of the credit-card processor's stock worth $3,287,000 after acquiring an additional 590 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC raised its stake in Visa by 1.1% during the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 51,196 shares of the credit-card processor's stock worth $18,396,000 after acquiring an additional 571 shares during the period. Finally, BOCHK Asset Management Ltd raised its stake in Visa by 42.3% during the 3rd quarter. BOCHK Asset Management Ltd now owns 18,500 shares of the credit-card processor's stock worth $6,648,000 after acquiring an additional 5,500 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Stock Performance

NYSE:V opened at $420.27 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. Visa Inc. has a 12-month low of $293.89 and a 12-month high of $426.78. The stock has a 50-day moving average price of $383.16 and a 200 day moving average price of $343.20. The stock has a market capitalization of $749.95 billion, a P/E ratio of 34.09, a P/E/G ratio of 1.81 and a beta of 0.80.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.04. Visa had a return on equity of 70.50% and a net margin of 51.20%. The company had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.09 billion. During the same quarter last year, the company earned $2.98 EPS. The firm's quarterly revenue was up 13.2% on a year-over-year basis. Equities research analysts forecast that Visa Inc. will post 15.03 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 10th will be issued a dividend of $0.78 per share. This is an increase from Visa's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.12 dividend on an annualized basis and a yield of 0.7%. Visa's payout ratio is 21.74%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Weiss Ratings downgraded shares of Visa from a "buy (b+)" rating to a "buy (b)" rating in a report on Wednesday, October 28th. UBS Group reissued a "buy" rating and issued a $420.00 price objective (up from $410.00) on shares of Visa in a research note on Wednesday, July 29th. KeyCorp raised their price objective on shares of Visa from $415.00 to $425.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $430.00 target price on shares of Visa in a research note on Wednesday, July 29th. Finally, The Goldman Sachs Group lifted their target price on shares of Visa from $420.00 to $438.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating and thirty-five have given a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $440.03.

Visa News Summary

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa raised its quarterly dividend to $0.78 per share, alongside reported double-digit year-over-year growth in quarterly revenue and profit. These developments support the view that its payments business is growing while returning cash to shareholders. Read article: Will Earnings Beat Change Visa Stock's Narrative
• Positive Sentiment: Visa signed partnerships in Hong Kong and Senegal to advance AI-enabled commerce and digital payments, potentially expanding its reach in fintech and financial inclusion. Read article: Visa Signs Two New Deals To Push AI Commerce And Digital Payments
• Positive Sentiment: Bill Ackman praised Visa alongside Mastercard and Netflix, while Cantor Fitzgerald maintained an Overweight rating and raised its price target to $500. Zacks also upgraded Visa to a Buy rating, citing earnings prospects. Read article: Ackman Calls Stock Market Broken but Touts Visa Read article: Visa Stocks Rise With Higher Cantor Target
• Neutral Sentiment: Former CEO Joseph Saunders, who led Visa’s 2008 IPO, has died. The reports describe his legacy but provide no indication of an operational or financial impact on the company. Read article: Former Visa CEO Joseph Saunders Dies
• Negative Sentiment: CEO Ryan McInerney sold 5,875 shares, reducing his position by about 28%. The sale was made under a pre-arranged Rule 10b5-1 plan, which moderates its significance as a signal about his outlook. Read SEC filing

Insider Buying and Selling

In other news, General Counsel Julie Rottenberg sold 1,867 shares of Visa stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $368.34, for a total transaction of $687,690.78. Following the sale, the general counsel owned 18,404 shares in the company, valued at $6,778,929.36. This trade represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 5,875 shares of Visa stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $416.22, for a total transaction of $2,445,292.50. Following the sale, the chief executive officer owned 15,174 shares in the company, valued at approximately $6,315,722.28. The trade was a 27.91% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 27,395 shares of company stock valued at $10,406,050. Insiders own 0.12% of the company's stock.

Visa Company Profile

Visa Inc NYSE: V is a global payments technology company that facilitates electronic payments between consumers, businesses, financial institutions and governments. Through its VisaNet network, the company authorizes, clears and settles transactions made with Visa-branded credit, debit and prepaid cards, while generally not issuing cards, extending credit or setting cardholder account terms.

Visa provides payment products and services for consumer, commercial and government payments, as well as digital commerce and money movement.

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