Mutual of America Capital Management LLC Decreases Holdings in Visa Inc. (NYSE:V)

Mutual of America Capital Management LLC trimmed its position in Visa Inc. (NYSE:V) by 2.4% during the 1st quarter, HoldingsChannel reports. The firm owned 216,519 shares of the credit-card processor’s stock after selling 5,335 shares during the period. Visa comprises about 0.7% of Mutual of America Capital Management LLC’s investment portfolio, making the stock its 16th biggest position. Mutual of America Capital Management LLC’s holdings in Visa were worth $60,426,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Livelsberger Financial Advisory purchased a new stake in shares of Visa during the 4th quarter valued at about $25,000. Westend Capital Management LLC bought a new stake in Visa during the 1st quarter valued at about $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of Visa during the fourth quarter worth about $32,000. Frank Rimerman Advisors LLC acquired a new position in shares of Visa during the 4th quarter valued at about $33,000. Finally, Valued Wealth Advisors LLC purchased a new position in shares of Visa in the 4th quarter worth about $37,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on V. Redburn Atlantic reissued a “neutral” rating and issued a $307.00 price objective on shares of Visa in a research report on Wednesday, March 27th. Macquarie boosted their target price on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Piper Sandler assumed coverage on Visa in a report on Monday, May 13th. They issued an “overweight” rating and a $322.00 price target for the company. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Finally, TD Cowen started coverage on Visa in a report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target on the stock. Five analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $303.56.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the sale, the insider now directly owns 17,894 shares in the company, valued at $4,959,322.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction dated 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 transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by insiders.

Visa Trading Down 1.5 %

Shares of V stock traded down $4.15 during trading hours on Monday, hitting $266.21. 8,558,141 shares of the company’s stock traded hands, compared to its average volume of 6,841,750. The stock’s 50 day simple moving average is $273.13 and its 200 day simple moving average is $273.96. Visa Inc. has a 12 month low of $227.68 and a 12 month high of $290.96. The stock has a market cap of $486.88 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 1.85 and a beta of 0.95. 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 released its 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. The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.09 earnings per share. On average, sell-side analysts anticipate that Visa Inc. will post 9.94 EPS for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were paid a $0.52 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.78%. Visa’s dividend payout ratio 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.