DSM Capital Partners LLC decreased its stake in Visa Inc. (NYSE:V - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,165,506 shares of the credit-card processor's stock after selling 48,041 shares during the period. Visa comprises about 4.6% of DSM Capital Partners LLC's holdings, making the stock its 8th largest holding. DSM Capital Partners LLC owned about 0.06% of Visa worth $303,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Altshuler Shaham Ltd acquired a new position in Visa in the 3rd quarter valued at approximately $25,000. O Brien Wealth Partners LLC acquired a new position in Visa during the 4th quarter worth about $32,000. Valued Wealth Advisors LLC bought a new stake in shares of Visa in the 4th quarter valued at about $37,000. Delos Wealth Advisors LLC increased its stake in shares of Visa by 2,500.0% in the fourth quarter. Delos Wealth Advisors LLC now owns 156 shares of the credit-card processor's stock valued at $41,000 after buying an additional 150 shares during the period. Finally, Tidemark LLC bought a new position in shares of Visa during the fourth quarter worth about $51,000. Institutional investors own 82.15% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on V shares. William Blair restated an "outperform" rating on shares of Visa in a research report on Wednesday, April 24th. Citigroup boosted their price target on shares of Visa from $314.00 to $321.00 and gave the stock a "buy" rating in a research report on Wednesday, April 24th. Macquarie boosted their price target on shares of Visa from $290.00 to $300.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 24th. Mizuho boosted their price target on shares of Visa from $265.00 to $275.00 and gave the stock a "neutral" rating in a research report on Thursday, May 2nd. Finally, Wedbush boosted their price target on shares of Visa from $280.00 to $300.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $303.76.
Read Our Latest Research Report on Visa
Visa Stock Up 0.1 %
V stock traded up $0.26 during midday trading on Friday, reaching $274.49. 4,339,967 shares of the company's stock traded hands, compared to its average volume of 7,948,953. The company has a market cap of $502.03 billion, a price-to-earnings ratio of 30.67, a P/E/G ratio of 1.88 and a beta of 0.95. The firm's fifty day moving average price is $276.70 and its 200-day moving average price is $270.06. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96.
Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating analysts' consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same quarter in the previous year, the business posted $2.09 EPS. Visa's quarterly revenue was up 9.9% on a year-over-year basis. As a group, sell-side analysts forecast that Visa Inc. will post 9.94 earnings per share for the current fiscal year.
Visa Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be paid a $0.52 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. Visa's payout ratio is 23.24%.
Insider Transactions at Visa
In other news, insider Paul D. Fabara sold 25,293 shares of the company's stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the sale, the insider now owns 17,894 shares in the company, valued at approximately $4,959,322.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Lloyd Carney sold 909 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares in the company, valued at $713,950.05. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the transaction, the insider now owns 17,894 shares of the company's stock, valued at approximately $4,959,322.10. The disclosure for this sale can be found here. Insiders sold a total of 34,402 shares of company stock worth $9,559,382 in the last quarter. 0.19% of the stock is currently owned by corporate insiders.
Visa Profile
(
Free Report)
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.
Further Reading
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