Visa Inc. $V Shares Sold by Capital International Investors

Capital International Investors lowered its position in shares of Visa Inc. (NYSE:V) by 0.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 21,272,286 shares of the credit-card processor’s stock after selling 13,053 shares during the quarter. Visa comprises approximately 1.2% of Capital International Investors’ holdings, making the stock its 20th largest holding. Capital International Investors’ holdings in Visa were worth $7,261,453,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of V. Bank of Montreal Can raised its holdings in Visa by 5.2% in the third quarter. Bank of Montreal Can now owns 5,134,909 shares of the credit-card processor’s stock valued at $1,752,955,000 after buying an additional 255,028 shares during the period. Legal & General Group Plc lifted its position in Visa by 3.3% during the third quarter. Legal & General Group Plc now owns 12,458,913 shares of the credit-card processor’s stock valued at $4,253,224,000 after buying an additional 399,845 shares in the last quarter. Banque Cantonale Vaudoise grew its stake in Visa by 1.7% during the third quarter. Banque Cantonale Vaudoise now owns 141,677 shares of the credit-card processor’s stock worth $48,365,000 after buying an additional 2,333 shares during the period. Bell Asset Management Ltd grew its stake in Visa by 10.0% during the third quarter. Bell Asset Management Ltd now owns 21,949 shares of the credit-card processor’s stock worth $7,493,000 after buying an additional 1,998 shares during the period. Finally, Sienna Gestion increased its position in shares of Visa by 71.5% in the third quarter. Sienna Gestion now owns 59,983 shares of the credit-card processor’s stock worth $18,670,000 after acquiring an additional 25,014 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Down 0.4%

Shares of NYSE:V opened at $316.03 on Tuesday. The firm has a market cap of $573.65 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 1.82 and a beta of 0.78. The company has a fifty day simple moving average of $328.80 and a 200 day simple moving average of $337.05. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. Visa Inc. has a 12-month low of $299.00 and a 12-month high of $375.51.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $3.14 by $0.03. The firm had revenue of $10.90 billion for the quarter, compared to the consensus estimate of $10.69 billion. Visa had a net margin of 50.23% and a return on equity of 61.74%. The firm’s revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.75 EPS. On average, equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. Visa’s dividend payout ratio (DPR) is presently 25.14%.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $349.18, for a total value of $3,661,152.30. Following the completion of the transaction, the chief executive officer directly owned 9,401 shares in the company, valued at approximately $3,282,641.18. This trade represents a 52.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. UBS Group reissued a “buy” rating on shares of Visa in a research note on Tuesday, January 13th. Bank of America assumed coverage on shares of Visa in a research report on Thursday, March 5th. They set a “buy” rating and a $410.00 price target for the company. Freedom Capital upgraded Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Macquarie Infrastructure reissued an “outperform” rating and issued a $410.00 price objective on shares of Visa in a research report on Friday, January 30th. Finally, Morgan Stanley restated an “overweight” rating and set a $411.00 price objective (up from $398.00) on shares of Visa in a research note on Friday, January 30th. Seven analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $392.65.

Visa 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.