Warther Private Wealth LLC Cuts Position in Visa Inc. (NYSE:V)

Warther Private Wealth LLC decreased its stake in Visa Inc. (NYSE:V) by 2.4% in the first quarter, Holdings Channel.com reports. The firm owned 2,865 shares of the credit-card processor’s stock after selling 70 shares during the period. Visa comprises about 0.3% of Warther Private Wealth LLC’s holdings, making the stock its 23rd biggest position. Warther Private Wealth LLC’s holdings in Visa were worth $1,004,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Visa in the 4th quarter worth approximately $27,000. Compass Planning Associates Inc purchased a new position in Visa during the 4th quarter valued at $32,000. NewSquare Capital LLC purchased a new position in Visa during the 4th quarter valued at $35,000. FPC Investment Advisory Inc. boosted its holdings in Visa by 377.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock valued at $36,000 after acquiring an additional 83 shares during the period. Finally, Sellwood Investment Partners LLC purchased a new position in Visa during the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,575 shares of the company’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the sale, the general counsel now owns 11,925 shares in the company, valued at $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 completion of the sale, the chief executive officer now owns 537 shares in the company, valued at $188,186.28. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 140,448 shares of company stock worth $50,133,659. 0.13% of the stock is currently owned by insiders.

Visa Trading Down 5.0%

Shares of NYSE:V opened at $352.75 on Monday. 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 business’s 50-day moving average is $349.76 and its 200 day moving average is $337.77. The firm has a market capitalization of $650.87 billion, a P/E ratio of 35.56, a P/E/G ratio of 2.33 and a beta of 0.94. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $375.51.

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

Visa Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on V shares. BMO Capital Markets boosted their price objective on Visa from $370.00 to $380.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. William Blair restated an “outperform” rating on shares of Visa in a report on Wednesday, April 30th. Piper Sandler boosted their price objective on Visa from $383.00 to $384.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. Macquarie dropped their price objective on Visa from $400.00 to $380.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Finally, Citigroup started coverage on Visa in a research report on Monday, June 2nd. They set a “buy” rating for the company. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average price target of $372.80.

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.