Visa Inc. (NYSE:V) Shares Sold by Schwarz Dygos Wheeler Investment Advisors LLC

Schwarz Dygos Wheeler Investment Advisors LLC trimmed its position in Visa Inc. (NYSE:V) by 1.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,643 shares of the credit-card processor’s stock after selling 148 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Visa were worth $2,133,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Shields Capital Management LLC boosted its holdings in shares of Visa by 0.6% during the first quarter. Wellington Shields Capital Management LLC now owns 11,502 shares of the credit-card processor’s stock valued at $3,210,000 after acquiring an additional 72 shares during the period. AA Financial Advisors LLC bought a new stake in Visa in the 1st quarter valued at about $1,357,000. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Visa by 12.3% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 269,422 shares of the credit-card processor’s stock valued at $75,190,000 after purchasing an additional 29,413 shares during the period. United Community Bank grew its position in Visa by 34.9% in the 1st quarter. United Community Bank now owns 5,056 shares of the credit-card processor’s stock worth $1,394,000 after purchasing an additional 1,307 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its stake in shares of Visa by 0.7% in the first quarter. Proficio Capital Partners LLC now owns 26,038 shares of the credit-card processor’s stock valued at $7,267,000 after purchasing an additional 178 shares during the period. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Paul D. Fabara sold 25,293 shares of the business’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 transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $713,950.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the sale, the insider now owns 17,894 shares in the company, valued at $4,959,322.10. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

Visa Price Performance

Shares of V stock traded down $1.33 during trading hours on Thursday, hitting $261.67. The company had a trading volume of 1,805,618 shares, compared to its average volume of 6,821,715. Visa Inc. has a 12 month low of $227.68 and a 12 month high of $290.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. The firm’s fifty day moving average is $272.98 and its 200 day moving average is $273.93. The firm has a market capitalization of $478.58 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 1.82 and a beta of 0.95.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same quarter last year, the firm earned $2.09 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, sell-side analysts predict that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Mizuho upped their price target on shares of Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. TD Cowen assumed coverage on Visa in a research report on Thursday, April 11th. They issued a “buy” rating and a $320.00 target price for the company. Piper Sandler initiated coverage on Visa in a research report on Monday, May 13th. They set an “overweight” rating and a $322.00 price target on the stock. William Blair restated an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. Finally, Macquarie lifted their target price on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Six investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $304.44.

About Visa

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.