Visa Inc. (NYSE:V) Shares Sold by BKM Wealth Management LLC

BKM Wealth Management LLC cut its stake in shares of Visa Inc. (NYSE:V) by 21.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 715 shares of the credit-card processor’s stock after selling 190 shares during the period. BKM Wealth Management LLC’s holdings in Visa were worth $200,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Nadler Financial Group Inc. grew its holdings in shares of Visa by 2.4% in the fourth quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock valued at $495,000 after purchasing an additional 44 shares during the period. Towerpoint Wealth LLC purchased a new stake in shares of Visa in the fourth quarter valued at about $216,000. Andrew Hill Investment Advisors Inc. purchased a new stake in shares of Visa in the fourth quarter valued at about $3,427,000. Richelieu Gestion SA purchased a new stake in shares of Visa in the fourth quarter valued at about $307,000. Finally, Cooper Financial Group grew its holdings in shares of Visa by 6.4% in the fourth quarter. Cooper Financial Group now owns 7,926 shares of the credit-card processor’s stock valued at $2,064,000 after purchasing an additional 476 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In other news, Director Lloyd Carney sold 909 shares of the stock in a transaction on 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 transaction, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was 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 $4,959,322.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lloyd Carney sold 909 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The disclosure for this sale can be found here. 0.19% of the stock is owned by company insiders.

Visa Trading Down 0.0 %

Shares of NYSE:V traded down $0.04 during trading on Monday, reaching $262.43. 3,571,834 shares of the stock were exchanged, compared to its average volume of 6,783,566. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. Visa Inc. has a 12-month low of $227.68 and a 12-month high of $290.96. The firm has a market cap of $479.97 billion, a price-to-earnings ratio of 29.23, a price-to-earnings-growth ratio of 1.80 and a beta of 0.95. The firm’s 50-day moving average price is $273.88 and its 200 day moving average price is $273.58.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 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 for the quarter, compared to analyst estimates of $8.62 billion. During the same period in the previous year, the company posted $2.09 EPS. Visa’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, sell-side analysts anticipate that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were paid a dividend of $0.52 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.79%. Visa’s payout ratio is currently 23.24%.

Wall Street Analysts Forecast Growth

V has been the topic of several research reports. Redburn Atlantic reissued a “neutral” rating and set a $307.00 price target on shares of Visa in a research report on Wednesday, March 27th. Royal Bank of Canada increased their price target on shares of Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Robert W. Baird increased their price target on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Citigroup raised their target price on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, TD Cowen began coverage on shares of Visa in a research note on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target on the stock. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $303.56.

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.