Visa Inc. $V Stock Position Decreased by Formuepleje A S

Formuepleje A S lessened its stake in shares of Visa Inc. (NYSE:V) by 6.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 185,158 shares of the credit-card processor’s stock after selling 12,540 shares during the period. Visa makes up about 5.0% of Formuepleje A S’s investment portfolio, making the stock its 6th largest holding. Formuepleje A S’s holdings in Visa were worth $63,526,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. HORAN Wealth LLC boosted its holdings in Visa by 3.2% in the second quarter. HORAN Wealth LLC now owns 12,365 shares of the credit-card processor’s stock worth $4,242,000 after acquiring an additional 388 shares in the last quarter. Amundi increased its holdings in shares of Visa by 16.5% during the second quarter. Amundi now owns 7,714,919 shares of the credit-card processor’s stock valued at $2,646,911,000 after acquiring an additional 1,092,315 shares in the last quarter. Brown Financial Advisors increased its holdings in shares of Visa by 2.1% during the second quarter. Brown Financial Advisors now owns 6,325 shares of the credit-card processor’s stock valued at $2,170,000 after acquiring an additional 131 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Visa by 7.2% in the 2nd quarter. HighTower Advisors LLC now owns 1,483,966 shares of the credit-card processor’s stock worth $509,134,000 after purchasing an additional 100,276 shares during the last quarter. Finally, Blacksheep Fund Management Ltd raised its position in shares of Visa by 85.2% in the 2nd quarter. Blacksheep Fund Management Ltd now owns 186,550 shares of the credit-card processor’s stock worth $64,003,000 after purchasing an additional 85,840 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 20,970 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $340.25, for a total transaction of $7,135,042.50. Following the completion of the sale, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $5,162,953.50. The trade was a 58.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie Rottenberg sold 2,028 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $381.35, for a total transaction of $773,377.80. Following the sale, the general counsel directly owned 18,404 shares of the company’s stock, valued at approximately $7,018,365.40. This represents a 9.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 104,537 shares of company stock valued at $37,540,837. 0.12% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

V has been the topic of several recent analyst reports. Piper Sandler reissued an “overweight” rating and set a $430.00 price objective (up from $394.00) on shares of Visa in a research report on Wednesday, July 29th. UBS Group reaffirmed a “buy” rating and issued a $420.00 target price (up from $410.00) on shares of Visa in a report on Wednesday, July 29th. Susquehanna reiterated a “positive” rating and issued a $427.00 target price (up from $410.00) on shares of Visa in a research note on Wednesday, July 29th. Robert W. Baird increased their price target on shares of Visa from $412.00 to $420.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Finally, Weiss Ratings raised shares of Visa from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 30th. Seven analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $416.62.

Visa Stock Performance

Shares of V opened at $374.46 on Monday. Visa Inc. has a one year low of $293.89 and a one year high of $385.57. The business has a fifty day moving average of $363.63 and a 200 day moving average of $333.40. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $668.20 billion, a P/E ratio of 31.84, a PEG ratio of 2.01 and a beta of 0.76.

Visa (NYSE:V) last announced its earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.09. The business had revenue of $11.63 billion for the quarter, compared to analysts’ expectations of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%.The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the firm posted $2.98 earnings per share. As a group, sell-side analysts anticipate that Visa Inc. will post 13.16 EPS for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were issued a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.7%. Visa’s dividend payout ratio (DPR) is presently 22.79%.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.