Cove Private Wealth LLC purchased a new position in Visa Inc. (NYSE:V – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 11,050 shares of the credit-card processor’s stock, valued at approximately $2,877,000. Visa comprises approximately 2.7% of Cove Private Wealth LLC’s investment portfolio, making the stock its 7th largest position.
Several other hedge funds and other institutional investors have also made changes to their positions in V. Altshuler Shaham Ltd acquired a new position in Visa in the third quarter valued at about $25,000. O Brien Wealth Partners LLC acquired a new position in Visa in the fourth quarter valued at about $32,000. Frank Rimerman Advisors LLC acquired a new position in shares of Visa during the fourth quarter worth about $33,000. Valued Wealth Advisors LLC acquired a new position in shares of Visa during the fourth quarter worth about $37,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in shares of Visa during the fourth quarter worth about $40,000. 82.15% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Visa
In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul D. Fabara sold 25,293 shares of the firm’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 sale, the insider now directly owns 17,894 shares in the company, valued at approximately $4,959,322.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,402 shares of company stock valued at $9,559,382. 0.19% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
View Our Latest Analysis on Visa
Visa Trading Up 0.2 %
Shares of NYSE:V opened at $271.13 on Tuesday. The company has a market capitalization of $495.88 billion, a P/E ratio of 30.29, a P/E/G ratio of 1.85 and a beta of 0.97. Visa Inc. has a 1 year low of $224.98 and a 1 year high of $290.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. The business’s 50 day simple moving average is $274.04 and its 200 day simple moving average is $272.58.
Visa (NYSE:V – Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The business had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.09 earnings per share. On average, research analysts anticipate that Visa Inc. will post 9.94 EPS for the current fiscal year.
Visa Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s dividend payout ratio is presently 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.
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