Visa Inc. (NYSE:V) Shares Bought by World Investment Advisors

World Investment Advisors increased its stake in shares of Visa Inc. (NYSE:V - Free Report) by 5.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 104,047 shares of the credit-card processor's stock after acquiring an additional 5,158 shares during the quarter. Visa comprises about 0.9% of World Investment Advisors' portfolio, making the stock its 13th largest holding. World Investment Advisors' holdings in Visa were worth $36,464,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. von Borstel & Associates Inc. purchased a new stake in shares of Visa in the first quarter valued at $27,000. Sellwood Investment Partners LLC purchased a new stake in shares of Visa in the fourth quarter valued at $41,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Visa in the fourth quarter valued at $47,000. Measured Risk Portfolios Inc. purchased a new stake in shares of Visa in the fourth quarter valued at $47,000. Finally, Navigoe LLC purchased a new stake in shares of Visa in the fourth quarter valued at $53,000. Institutional investors own 82.15% of the company's stock.

Insider Buying and Selling

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction that occurred 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 sale, the general counsel directly owned 11,925 shares in the company, valued at $4,121,041.50. The trade was a 17.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the sale, the chief executive officer owned 537 shares in the company, valued at $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 101,108 shares of company stock valued at $36,771,200. Corporate insiders own 0.13% of the company's stock.

Visa Trading Down 0.6%

NYSE:V traded down $2.21 during mid-day trading on Tuesday, reaching $354.43. The company's stock had a trading volume of 6,964,583 shares, compared to its average volume of 6,844,107. The company's fifty day simple moving average is $356.17 and its two-hundred day simple moving average is $341.92. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51. The stock has a market cap of $653.98 billion, a P/E ratio of 35.62, a P/E/G ratio of 2.43 and a beta of 0.92.

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

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.67%. The ex-dividend date was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is presently 23.72%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Evercore ISI assumed coverage on shares of Visa in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price target on the stock. Mizuho upgraded shares of Visa from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $359.00 to $425.00 in a report on Thursday, June 5th. Oppenheimer increased their target price on shares of Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Jefferies Financial Group increased their target price on shares of Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Finally, The Goldman Sachs Group began coverage on shares of Visa in a report on Monday, June 2nd. They set a "neutral" rating on the stock. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Visa currently has a consensus rating of "Moderate Buy" and an average target price of $372.84.

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.