Visa Inc. (NYSE:V) is Kensico Capital Management Corp's 5th Largest Position

Kensico Capital Management Corp decreased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 0.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 860,800 shares of the credit-card processor's stock after selling 800 shares during the period. Visa comprises about 6.2% of Kensico Capital Management Corp's portfolio, making the stock its 5th largest holding. Kensico Capital Management Corp's holdings in Visa were worth $272,047,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC boosted its position in Visa by 2.5% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 4,927 shares of the credit-card processor's stock worth $1,557,000 after purchasing an additional 121 shares during the period. RMR Wealth Builders increased its holdings in Visa by 4.5% in the 4th quarter. RMR Wealth Builders now owns 15,885 shares of the credit-card processor's stock worth $5,020,000 after acquiring an additional 677 shares during the last quarter. Czech National Bank increased its holdings in shares of Visa by 10.1% in the fourth quarter. Czech National Bank now owns 374,688 shares of the credit-card processor's stock worth $118,416,000 after purchasing an additional 34,450 shares during the period. Aprio Wealth Management LLC raised its holdings in shares of Visa by 32.8% during the 4th quarter. Aprio Wealth Management LLC now owns 6,636 shares of the credit-card processor's stock valued at $2,097,000 after buying an additional 1,639 shares in the last quarter. Finally, Matrix Trust Co purchased a new position in shares of Visa in the fourth quarter valued at about $161,000. Institutional investors own 82.15% of the company's stock.

Insider Buying and Selling

In other news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the transaction, the insider now directly owns 26,413 shares in the company, valued at approximately $8,642,333.60. This represents a 59.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the completion of the sale, the chief executive officer now owns 537 shares of the company's stock, valued at $188,186.28. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,948 shares of company stock worth $41,548,282 in the last ninety days. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on V. Piper Sandler increased their price objective on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Seaport Res Ptn raised shares of Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Susquehanna restated a "positive" rating on shares of Visa in a research report on Friday, March 21st. Bank of America upped their price objective on shares of Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Finally, Barclays boosted their target price on Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Six analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $362.38.

Visa Stock Performance

Shares of Visa stock traded up $2.00 during trading on Tuesday, hitting $357.26. 548,860 shares of the company's stock traded hands, compared to its average volume of 7,147,030. The stock has a market capitalization of $663.72 billion, a P/E ratio of 36.11, a PEG ratio of 2.33 and a beta of 0.96. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The business has a 50-day simple moving average of $337.05 and a 200-day simple moving average of $327.84.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.08. The firm had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business's revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business earned $2.51 EPS. As a group, analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.66%. Visa's dividend payout ratio is presently 23.72%.

Visa 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.