Visa Inc. (NYSE:V) Shares Sold by American Trust

American Trust lowered its position in Visa Inc. (NYSE:V) by 3.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,159 shares of the credit-card processor’s stock after selling 729 shares during the quarter. Visa comprises approximately 0.5% of American Trust’s investment portfolio, making the stock its 29th biggest holding. American Trust’s holdings in Visa were worth $5,905,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in V. OMC Financial Services LTD bought a new position in shares of Visa in the first quarter valued at approximately $15,664,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Visa by 0.5% in the first quarter. EverSource Wealth Advisors LLC now owns 12,346 shares of the credit-card processor’s stock valued at $3,316,000 after acquiring an additional 67 shares in the last quarter. Clear Rock Advisors LLC boosted its holdings in shares of Visa by 1.4% in the first quarter. Clear Rock Advisors LLC now owns 12,608 shares of the credit-card processor’s stock valued at $3,519,000 after acquiring an additional 176 shares in the last quarter. Objective Capital Management LLC bought a new position in shares of Visa in the first quarter valued at approximately $273,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of Visa by 5.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,895,040 shares of the credit-card processor’s stock valued at $529,258,000 after acquiring an additional 91,316 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the subject of several recent analyst reports. Wedbush increased their price objective on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. StockNews.com cut shares of Visa from a “buy” rating to a “hold” rating in a report on Tuesday. Robert W. Baird raised their target price on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. TD Cowen reduced their target price on Visa from $320.00 to $318.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Finally, Evercore ISI reduced their target price on Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Seven equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $307.25.

Insider Activity at Visa

In related 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 value of $7,009,954.95. Following the sale, the insider now owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.19% of the stock is currently owned by insiders.

Visa Stock Performance

Visa stock traded up $0.65 on Friday, reaching $266.58. 7,017,857 shares of the stock were exchanged, compared to its average volume of 7,476,283. The firm has a fifty day moving average price of $268.91 and a two-hundred day moving average price of $274.31. Visa Inc. has a twelve month low of $227.78 and a twelve month high of $290.96. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The stock has a market cap of $487.56 billion, a PE ratio of 29.79, a PEG ratio of 1.88 and a beta of 0.95.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The company had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.92 billion. During the same quarter in the previous year, the firm posted $2.16 EPS. The business’s revenue was up 9.6% compared to the same quarter last year. Sell-side analysts anticipate that Visa Inc. will post 9.91 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 9th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $2.08 dividend on an annualized basis and a yield of 0.78%. Visa’s payout ratio is currently 23.24%.

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.