Lincoln Capital LLC Decreases Stake in Visa Inc. (NYSE:V)

Lincoln Capital LLC trimmed its holdings in shares of Visa Inc. (NYSE:V) by 2.6% in the first quarter, HoldingsChannel.com reports. The fund owned 2,131 shares of the credit-card processor’s stock after selling 56 shares during the period. Lincoln Capital LLC’s holdings in Visa were worth $595,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of V. Livelsberger Financial Advisory bought a new stake in shares of Visa in the 4th quarter worth approximately $25,000. Westend Capital Management LLC bought a new position in Visa during the first quarter worth about $25,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa in the fourth quarter valued at approximately $32,000. Frank Rimerman Advisors LLC bought a new stake in shares of Visa during the 4th quarter valued at $33,000. Finally, Valued Wealth Advisors LLC bought a new position in Visa in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were 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 in the company, valued at approximately $4,959,322.10. The sale was disclosed in a document filed with the SEC, which is available through this link. In other 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 value of $250,474.95. Following the transaction, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the sale, the insider now owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The disclosure for this sale can be found here. Insiders sold 34,402 shares of company stock valued at $9,559,382 over the last three months. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on V shares. Macquarie raised their price objective on shares of Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. UBS Group boosted their price target on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Citigroup increased their price objective on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Royal Bank of Canada increased their price target 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. Finally, Wedbush upped their price objective on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $303.56.

Visa Stock Down 2.6 %

V stock traded down $6.98 during midday trading on Thursday, hitting $266.62. The company’s stock had a trading volume of 10,526,284 shares, compared to its average volume of 6,751,320. The company has a market cap of $487.63 billion, a PE ratio of 30.17, a P/E/G ratio of 1.87 and a beta of 0.97. The firm’s 50-day moving average is $274.13 and its 200-day moving average is $273.41. Visa Inc. has a 12 month low of $226.02 and a 12 month high of $290.96. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 prior year, the company posted $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 forecast that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 0.78%. Visa’s dividend payout ratio is presently 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.