Visa Inc. (NYSE:V) Holdings Lowered by Liberty Capital Management Inc.

Liberty Capital Management Inc. trimmed its holdings in Visa Inc. (NYSE:V) by 0.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,955 shares of the credit-card processor’s stock after selling 326 shares during the period. Visa makes up 2.4% of Liberty Capital Management Inc.’s investment portfolio, making the stock its 8th biggest holding. Liberty Capital Management Inc.’s holdings in Visa were worth $9,755,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Alaethes Wealth LLC raised its stake in shares of Visa by 0.4% during the 4th quarter. Alaethes Wealth LLC now owns 8,843 shares of the credit-card processor’s stock worth $2,302,000 after acquiring an additional 37 shares in the last quarter. Garden State Investment Advisory Services LLC increased its position in Visa by 1.8% during the 4th quarter. Garden State Investment Advisory Services LLC now owns 2,191 shares of the credit-card processor’s stock valued at $571,000 after buying an additional 38 shares in the last quarter. Holistic Financial Partners raised its stake in Visa by 2.0% in the fourth quarter. Holistic Financial Partners now owns 1,975 shares of the credit-card processor’s stock valued at $514,000 after buying an additional 39 shares during the last quarter. GoalVest Advisory LLC boosted its holdings in Visa by 3.4% in the fourth quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock worth $317,000 after acquiring an additional 40 shares in the last quarter. Finally, Destiny Wealth Partners LLC grew its stake in shares of Visa by 2.5% during the fourth quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock worth $433,000 after acquiring an additional 40 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Visa

In other news, Director Lloyd Carney sold 909 shares of the stock in a transaction 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 transaction, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Lloyd Carney sold 909 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. Insiders sold 34,402 shares of company stock worth $9,559,382 in the last 90 days. Insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on V shares. Wedbush boosted their target price on shares of Visa from $280.00 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 research report on Monday, May 13th. They issued an “overweight” rating and a $322.00 target price on the stock. William Blair restated an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Citigroup boosted their price target on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Finally, Royal Bank of Canada raised their price objective on Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $303.76.

Visa Trading Down 0.6 %

Shares of V stock opened at $275.22 on Friday. Visa Inc. has a 1-year low of $225.50 and a 1-year high of $290.96. The company has a market cap of $503.36 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 1.89 and a beta of 0.97. 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 stock has a 50 day simple moving average of $273.97 and a 200-day simple moving average of $273.01.

Visa (NYSE:V) last released its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping 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 business 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 company earned $2.09 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities research analysts expect that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders 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 dividend yield of 0.76%. Visa’s dividend payout ratio (DPR) is 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.