Pensionfund Sabic Sells 2,000 Shares of Visa Inc. (NYSE:V)

Pensionfund Sabic lowered its stake in Visa Inc. (NYSE:V) by 12.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,600 shares of the credit-card processor’s stock after selling 2,000 shares during the quarter. Visa comprises approximately 1.1% of Pensionfund Sabic’s investment portfolio, making the stock its 13th biggest holding. Pensionfund Sabic’s holdings in Visa were worth $3,795,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new stake in shares of Visa in the third quarter valued at approximately $25,000. Livelsberger Financial Advisory acquired a new stake in shares of Visa in the fourth quarter valued at approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of Visa in the fourth quarter valued at approximately $32,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Visa in the fourth quarter valued at approximately $33,000. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of Visa in the fourth quarter valued at approximately $37,000. Institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on V. Wedbush lifted 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. William Blair restated an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. Mizuho boosted their target price on shares of Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Citigroup boosted their target price on shares of Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Royal Bank of Canada boosted their target price on shares of Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $303.76.

Visa Trading Up 0.9 %

Shares of Visa stock opened at $273.62 on Thursday. The firm has a 50-day moving average of $273.96 and a 200-day moving average of $272.71. The stock has a market cap of $500.43 billion, a PE ratio of 30.57, a PEG ratio of 1.87 and a beta of 0.97. Visa Inc. has a 52-week low of $224.98 and a 52-week 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.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the previous year, the business posted $2.09 earnings per share. Visa’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, sell-side analysts forecast that Visa Inc. will post 9.94 EPS for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.76%. Visa’s dividend payout ratio is 23.24%.

Insider Buying and Selling

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 transaction of $7,009,954.95. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. In other 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 value 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 $150,833.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The disclosure for this sale can be found here. Insiders sold 34,402 shares of company stock valued at $9,559,382 over the last quarter. 0.19% of the stock is owned by company insiders.

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.