Wilson Asset Management International PTY Ltd. Sells 5,386 Shares of Visa Inc. (NYSE:V)

Wilson Asset Management International PTY Ltd. lowered its position in shares of Visa Inc. (NYSE:V - Free Report) by 6.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,302 shares of the credit-card processor's stock after selling 5,386 shares during the period. Visa accounts for approximately 6.8% of Wilson Asset Management International PTY Ltd.'s portfolio, making the stock its largest position. Wilson Asset Management International PTY Ltd.'s holdings in Visa were worth $25,689,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of V. NewSquare Capital LLC acquired a new stake in shares of Visa during the fourth quarter worth about $35,000. Sellwood Investment Partners LLC acquired a new stake in shares of Visa during the fourth quarter worth about $41,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Visa during the fourth quarter worth about $47,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Visa during the fourth quarter worth about $47,000. Finally, Global X Japan Co. Ltd. acquired a new stake in shares of Visa during the first quarter worth about $56,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Transactions at Visa

In related news, insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the transaction, the insider directly owned 26,413 shares in the company, valued at approximately $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the business's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the transaction, the general counsel owned 11,925 shares in the company, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,108 shares of company stock valued at $36,771,200 over the last 90 days. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Oppenheimer raised their price objective on shares of Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Evercore ISI assumed coverage on shares of Visa in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of Visa in a research report on Monday, June 2nd. They issued a "neutral" rating for the company. William Blair restated an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Finally, UBS Group raised their price objective on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $372.84.

Visa Trading Down 0.6%

NYSE V traded down $2.21 during trading on Monday, reaching $356.65. 5,135,922 shares of the stock traded hands, compared to its average volume of 6,843,617. The firm has a market cap of $658.08 billion, a price-to-earnings ratio of 35.84, a price-to-earnings-growth ratio of 2.43 and a beta of 0.92. The stock's 50-day moving average price is $356.17 and its 200 day moving average price is $341.92. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $375.51.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The firm had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the previous year, the firm posted $2.51 earnings per share. The business's revenue was up 9.3% on a year-over-year basis. Analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio is presently 23.72%.

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.