Visa (NYSE:V) Stock Unloaded Rep. Richard McCormick

Key Points

• Rep. Richard McCormick sold $1,001–$15,000 of Visa stock on July 30 from his Roth IRA, alongside similarly sized sales of shares in 10 other companies.
• Visa reported stronger-than-expected quarterly results, with EPS of $3.32 and revenue of $11.63 billion; revenue increased 14.4% year over year. The company also authorized a $20 billion share-repurchase program and declared a $0.67 quarterly dividend.
• Wall Street remains positive on Visa, with an average “Buy” rating and a $413.58 price target versus its reported opening price of $358.94. Visa insiders have sold 90,759 shares worth about $32.4 million over the past 90 days.

Representative Richard McCormick (Republican-Georgia) recently sold shares of Visa Inc. NYSE: V. In a filing disclosed on August 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Visa stock on July 30th. The trade occurred in the Representative's "GROWTH PARTNERS ROTH IRA" account.

Representative Richard McCormick also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Medtronic NYSE: MDT on 7/30/2026.
• Sold $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 7/30/2026.
• Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 7/30/2026.
• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 7/30/2026.
• Sold $1,001 - $15,000 in shares of L3Harris Technologies NYSE: LHX on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Intercontinental Exchange NYSE: ICE on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Illinois Tool Works NYSE: ITW on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 7/30/2026.

Visa Price Performance

NYSE V opened at $358.94 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 0.99. The firm's 50 day moving average price is $350.16 and its 200-day moving average price is $328.53. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $373.97. The company has a market cap of $640.50 billion, a PE ratio of 30.52, a P/E/G ratio of 1.95 and a beta of 0.74.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.09. The company had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.40 billion. Visa had a net margin of 50.78% and a return on equity of 67.68%. Visa's revenue was up 14.4% compared to the same quarter last year. During the same period last year, the company posted $2.98 earnings per share. Sell-side analysts forecast that Visa Inc. will post 13.15 EPS for the current fiscal year.

Visa announced that its Board of Directors has authorized a stock repurchase program on Tuesday, April 28th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the credit-card processor to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 11th. Visa's dividend payout ratio is presently 22.79%.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 10,490 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $343.99, for a total value of $3,608,455.10. Following the transaction, the chief executive officer owned 15,174 shares in the company, valued at approximately $5,219,704.26. This represents a 40.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $360.00, for a total transaction of $729,720.00. Following the completion of the transaction, the general counsel owned 18,404 shares in the company, valued at approximately $6,625,440. This trade represents a 9.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 90,759 shares of company stock worth $32,375,779. 0.12% of the stock is currently owned by insiders.

Institutional Trading of Visa

Large investors have recently bought and sold shares of the stock. PayPay Securities Corp increased its position in shares of Visa by 102.7% in the 4th quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor's stock valued at $26,000 after acquiring an additional 38 shares during the period. Cresta Advisors Ltd. purchased a new position in Visa in the 4th quarter worth $26,000. Parvin Asset Management LLC lifted its position in Visa by 200.0% during the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor's stock worth $26,000 after acquiring an additional 50 shares during the period. Philadelphia Investment Partners LLC acquired a new stake in Visa during the 2nd quarter worth about $29,000. Finally, Virtus Advisers LLC purchased a new stake in Visa during the 2nd quarter valued at about $33,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on V. Wells Fargo & Company reiterated an "overweight" rating and issued a $432.00 price target (up from $412.00) on shares of Visa in a report on Thursday, July 30th. Truist Financial set a $406.00 price objective on Visa and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded Visa from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, July 30th. Wolfe Research reaffirmed an "outperform" rating and set a $435.00 price objective (up from $430.00) on shares of Visa in a research report on Wednesday, July 29th. Finally, TD Cowen reiterated a "buy" rating on shares of Visa in a research note on Wednesday, July 29th. Seven investment analysts have rated the stock with a Strong Buy rating and twenty-four have assigned a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $413.58.

About Representative McCormick

Rich McCormick (Republican Party) is a member of the U.S. House, representing Georgia's 7th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. McCormick (Republican Party) is running for re-election to the U.S. House to represent Georgia's 7th Congressional District. He declared candidacy for the 2026 election. Rich McCormick lives in Suwanee, Georgia. McCormick served in the U.S. Marine Corps and the U.S. Navy. He earned an M.B.A. from National University and an M.D. from Morehouse School of Medicine. McCormick's career experience includes working as an emergency medicine physician with Gwinnett Medical Center and Northside Hospital, a Marine officer instructor with Georgia Tech and Morehouse College, and a pilot.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world's largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa's network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa's product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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