Midwest Financial Group LLC Sells 2,197 Shares of Visa Inc. (NYSE:V)

Midwest Financial Group LLC lessened its stake in Visa Inc. (NYSE:V) by 56.2% in the first quarter, HoldingsChannel reports. The fund owned 1,713 shares of the credit-card processor’s stock after selling 2,197 shares during the period. Midwest Financial Group LLC’s holdings in Visa were worth $478,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of V. Livelsberger Financial Advisory bought a new position in shares of Visa during the fourth quarter valued at about $25,000. O Brien Wealth Partners LLC purchased a new stake in Visa in the 4th quarter worth approximately $32,000. Frank Rimerman Advisors LLC bought a new stake in shares of Visa in the 4th quarter worth approximately $33,000. Valued Wealth Advisors LLC purchased a new position in shares of Visa during the fourth quarter valued at approximately $37,000. Finally, Vermillion & White Wealth Management Group LLC bought a new position in shares of Visa during the fourth quarter valued at approximately $40,000. Institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on V shares. Royal Bank of Canada boosted their price objective on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Evercore ISI increased their price target on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Wedbush boosted their price objective on shares of Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Oppenheimer upped their price objective on shares of Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Wells Fargo & Company boosted their price target on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $303.76.

Visa Trading Down 0.6 %

Shares of V stock opened at $275.22 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a fifty day simple moving average of $273.97 and a two-hundred day simple moving average of $273.01. The firm has a market capitalization of $503.36 billion, a PE ratio of 30.75, a PEG ratio of 1.89 and a beta of 0.97. Visa Inc. has a 52-week low of $225.50 and a 52-week high of $290.96.

Visa (NYSE:V) last posted its quarterly 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 business had revenue of $8.78 billion during 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 revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.09 EPS. On average, analysts predict that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were paid 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 payout ratio is 23.24%.

Insider Buying and Selling at Visa

In related news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Paul D. Fabara sold 25,293 shares of the firm’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 completion of the sale, the insider now owns 17,894 shares in the company, valued at approximately $4,959,322.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now 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 ninety days, insiders have sold 34,402 shares of company stock worth $9,559,382. 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.