Visa Inc. (NYSE:V) is Geo Capital Gestora de Recursos Ltd’s 4th Largest Position

Geo Capital Gestora de Recursos Ltd trimmed its holdings in shares of Visa Inc. (NYSE:V) by 12.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 30,977 shares of the credit-card processor’s stock after selling 4,543 shares during the period. Visa makes up approximately 8.9% of Geo Capital Gestora de Recursos Ltd’s portfolio, making the stock its 4th largest holding. Geo Capital Gestora de Recursos Ltd’s holdings in Visa were worth $8,065,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Altshuler Shaham Ltd purchased a new position in shares of Visa during the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC purchased a new position in Visa in the 4th quarter worth approximately $32,000. Frank Rimerman Advisors LLC purchased a new position in Visa in the 4th quarter worth approximately $33,000. Valued Wealth Advisors LLC purchased a new position in Visa in the 4th quarter worth approximately $37,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in Visa in the 4th quarter worth approximately $40,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Price Performance

Visa stock traded down $0.53 during mid-day trading on Friday, hitting $270.66. The stock had a trading volume of 8,537,260 shares, compared to its average volume of 5,425,052. The firm has a market capitalization 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. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. The firm’s 50 day moving average is $274.17 and its 200 day moving average is $272.22. Visa Inc. has a one year low of $221.37 and a one year high of $290.96.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.08. The company had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. Visa’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.09 EPS. On average, 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 was paid on Monday, June 3rd. Investors of record on Friday, May 17th were issued a $0.52 dividend. 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 is currently 23.24%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on V. Wells Fargo & Company boosted their price objective on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Macquarie boosted their price objective on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Redburn Atlantic restated a “neutral” rating and issued a $307.00 price objective on shares of Visa in a report on Wednesday, March 27th. UBS Group boosted their price objective on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Piper Sandler initiated coverage on shares of Visa in a research note on Monday, May 13th. They set an “overweight” rating and a $322.00 target price for the company. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $303.76.

Insider Buying and Selling

In other Visa 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 of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,402 shares of company stock valued at $9,559,382. Company insiders own 0.19% of the company’s stock.

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.