209 Shares in Visa Inc. (NYSE:V) Acquired by Vima LLC

Vima LLC bought a new position in shares of Visa Inc. (NYSE:V) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 209 shares of the credit-card processor’s stock, valued at approximately $55,000.

Other large investors have also added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new position in Visa in the third quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new position in Visa in the fourth quarter worth approximately $32,000. Frank Rimerman Advisors LLC bought a new position in Visa in the fourth quarter worth approximately $33,000. Valued Wealth Advisors LLC bought a new position in Visa in the fourth quarter worth approximately $37,000. Finally, Vermillion & White Wealth Management Group LLC bought a new position in Visa in the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insiders Place Their Bets

In other news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. Insiders sold a total of 34,402 shares of company stock valued at $9,559,382 over the last 90 days. Insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. UBS Group raised their target price on Visa from $315.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. TD Cowen assumed coverage on Visa in a report on Thursday, April 11th. They issued a “buy” rating and a $320.00 target price on the stock. Mizuho raised their target price on Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Citigroup lifted their price target on Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Royal Bank of Canada lifted their price target on Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $303.76.

Visa Price Performance

NYSE:V traded down $0.53 during trading hours on Friday, hitting $270.66. 8,537,260 shares of the company’s stock traded hands, compared to its average volume of 5,425,052. The firm has a market cap of $495.02 billion, a P/E ratio of 30.24, a P/E/G ratio of 1.86 and a beta of 0.97. Visa Inc. has a 52 week low of $221.37 and a 52 week high of $290.96. The business’s fifty day simple moving average is $274.17 and its two-hundred day simple moving average is $272.35. 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 (NYSE:V) last issued its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm 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 company posted $2.09 earnings per share. The company’s revenue was up 9.9% compared to the same quarter last year. On average, research analysts anticipate that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.77%. The ex-dividend date was Thursday, May 16th. Visa’s dividend payout ratio (DPR) is currently 23.24%.

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.