Visa Inc. (NYSE:V) Shares Purchased by Morton Capital Management LLC CA

Morton Capital Management LLC CA raised its holdings in Visa Inc. (NYSE:V) by 4.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,842 shares of the credit-card processor’s stock after acquiring an additional 180 shares during the period. Morton Capital Management LLC CA’s holdings in Visa were worth $1,346,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of V. Capital & Planning LLC increased its stake in shares of Visa by 21.2% in the 4th quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor’s stock worth $300,000 after acquiring an additional 166 shares during the last quarter. Sovereign Investment Advisors LLC purchased a new stake in shares of Visa in the fourth quarter valued at about $424,000. Brighton Jones LLC increased its position in Visa by 50.1% during the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock worth $6,522,000 after purchasing an additional 6,883 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in Visa during the fourth quarter worth about $202,074,000. Finally, Revolve Wealth Partners LLC boosted its holdings in Visa by 68.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock valued at $3,733,000 after purchasing an additional 4,817 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Down 5.0%

V stock opened at $352.75 on Monday. The firm has a market cap of $650.87 billion, a PE ratio of 35.56, a P/E/G ratio of 2.33 and a beta of 0.94. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $375.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a 50 day simple moving average of $349.76 and a 200 day simple moving average of $337.77.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. The firm had revenue of $9.59 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. Visa’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $2.51 EPS. Equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa’s dividend payout ratio is currently 23.72%.

Analysts Set New Price Targets

V has been the subject of several analyst reports. BMO Capital Markets increased their price objective on Visa from $370.00 to $380.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Piper Sandler increased their price target on Visa from $383.00 to $384.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. Wall Street Zen upgraded shares of Visa from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Macquarie lowered their target price on shares of Visa from $400.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Finally, William Blair reiterated an “outperform” rating on shares of Visa in a research report on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $372.80.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 39,350 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the sale, the insider now directly owns 26,413 shares in the company, valued at approximately $8,991,249.33. This represents a 59.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total value of $3,020,792.80. Following the sale, the chief executive officer now owns 537 shares of the company’s stock, valued at approximately $188,186.28. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 140,448 shares of company stock worth $50,133,659. 0.13% of the stock is owned by company insiders.

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.