Visa Inc. (NYSE:V) Shares Sold by Geo Capital Gestora de Recursos Ltd

Geo Capital Gestora de Recursos Ltd reduced its position in shares of Visa Inc. (NYSE:V) by 12.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,977 shares of the credit-card processor’s stock after selling 4,543 shares during the period. Visa comprises about 8.9% of Geo Capital Gestora de Recursos Ltd’s investment portfolio, making the stock its 4th largest holding. Geo Capital Gestora de Recursos Ltd’s holdings in Visa were worth $8,065,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Altshuler Shaham Ltd acquired a new position in Visa during the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC acquired a new position in Visa during 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. Valued Wealth Advisors LLC acquired a new stake in shares of Visa in the fourth quarter valued at approximately $37,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Visa in the fourth quarter valued at approximately $40,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on V. Oppenheimer raised their price objective on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Royal Bank of Canada raised their price objective on Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Robert W. Baird increased their target price on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Macquarie increased their target price on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, Citigroup increased their target price on Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $303.76.

Visa Trading Down 0.2 %

V traded down $0.53 during midday trading on Friday, hitting $270.66. 8,537,260 shares of the company were exchanged, compared to its average volume of 5,425,052. The firm has a market capitalization of $495.02 billion, a P/E ratio of 30.24, a P/E/G ratio of 1.86 and a beta of 0.97. Visa Inc. has a 1-year low of $221.37 and a 1-year high of $290.96. The firm’s 50 day moving average price is $274.17 and its 200-day moving average price is $272.22. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same period in the previous year, the business earned $2.09 EPS. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, equities analysts forecast that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s payout ratio is 23.24%.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Visa news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The sale 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 the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The disclosure for this sale can be found here. Insiders sold 34,402 shares of company stock valued at $9,559,382 in the last three months. Corporate insiders own 0.19% of the company’s stock.

About Visa

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.