Visa Inc. $V Stock Holdings Trimmed by GuoLine Advisory Pte Ltd

Key Points

• GuoLine Advisory Pte Ltd reduced its stake in Visa Inc. by 33.4%, selling 53,400 shares and now holding 106,700 shares, which constitutes about 4.0% of its portfolio.
• Several analysts have raised their price targets for Visa Inc., with Macquarie increasing it to $425.00 and UBS Group adjusting it to $415.00, reflecting a generally positive outlook for the stock.
• Visa's recent quarterly earnings showed an EPS of $2.98, exceeding estimates and marking a 14.3% year-over-year revenue increase to $10.17 billion.

GuoLine Advisory Pte Ltd lowered its stake in shares of Visa Inc. (NYSE:V - Free Report) by 33.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,700 shares of the credit-card processor's stock after selling 53,400 shares during the period. Visa makes up approximately 4.0% of GuoLine Advisory Pte Ltd's portfolio, making the stock its 8th biggest holding. GuoLine Advisory Pte Ltd's holdings in Visa were worth $37,884,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Brighton Jones LLC raised its stake in shares of Visa by 50.1% in the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after acquiring an additional 6,883 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Visa by 68.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock valued at $3,733,000 after acquiring an additional 4,817 shares during the period. Sentinus LLC raised its stake in shares of Visa by 5.5% in the 4th quarter. Sentinus LLC now owns 2,996 shares of the credit-card processor's stock valued at $947,000 after acquiring an additional 155 shares during the period. Scissortail Wealth Management LLC raised its stake in shares of Visa by 16,033.3% in the 4th quarter. Scissortail Wealth Management LLC now owns 2,904 shares of the credit-card processor's stock valued at $918,000 after acquiring an additional 2,886 shares during the period. Finally, Safeguard Investment Advisory Group LLC raised its stake in shares of Visa by 2.1% in the 4th quarter. Safeguard Investment Advisory Group LLC now owns 3,209 shares of the credit-card processor's stock valued at $1,014,000 after acquiring an additional 67 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on V shares. Macquarie raised their target price on shares of Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. UBS Group reissued a "buy" rating and issued a $415.00 target price (up previously from $405.00) on shares of Visa in a research note on Wednesday, July 30th. Mizuho raised shares of Visa from a "neutral" rating to an "outperform" rating and raised their target price for the company from $359.00 to $425.00 in a research note on Thursday, June 5th. The Goldman Sachs Group started coverage on shares of Visa in a research note on Monday, June 2nd. They issued a "neutral" rating on the stock. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Visa in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Visa has a consensus rating of "Moderate Buy" and an average price target of $385.96.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the sale, the chief executive officer owned 537 shares of the company's stock, 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 Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the sale, the general counsel directly owned 11,925 shares of the company's stock, valued at $4,102,438.50. The trade was 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 Stock Performance

Visa stock opened at $339.33 on Friday. Visa Inc. has a 12-month low of $268.23 and a 12-month high of $375.51. The company has a market capitalization of $621.92 billion, a price-to-earnings ratio of 33.14, a price-to-earnings-growth ratio of 2.29 and a beta of 0.92. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. The firm's fifty day moving average price is $347.03 and its 200 day moving average price is $346.92.

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

Visa Announces Dividend

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

About Visa

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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