Visa Inc. (NYSE:V) Shares Sold by MOKAN Wealth Management Inc.

MOKAN Wealth Management Inc. reduced its holdings in Visa Inc. (NYSE:V) by 2.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,805 shares of the credit-card processor’s stock after selling 109 shares during the period. MOKAN Wealth Management Inc.’s holdings in Visa were worth $1,332,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bradley & Co. Private Wealth Management LLC purchased a new stake in Visa in the 4th quarter valued at $27,000. NewSquare Capital LLC acquired a new position in shares of Visa during the 4th quarter valued at about $35,000. Sellwood Investment Partners LLC purchased a new stake in shares of Visa in the fourth quarter valued at about $41,000. Mountain Hill Investment Partners Corp. acquired a new stake in Visa during the fourth quarter worth about $47,000. Finally, Measured Risk Portfolios Inc. purchased a new position in Visa during the fourth quarter worth about $47,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Visa

In other news, 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 transaction of $3,020,792.80. Following the completion of the transaction, the chief executive officer now directly owns 537 shares of the company’s stock, valued at approximately $188,186.28. This represents a 94.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,098 shares of company stock valued at $36,738,526 over the last 90 days. 0.13% of the stock is owned by corporate insiders.

Visa Stock Down 1.6%

Shares of NYSE V opened at $345.87 on Thursday. The stock has a market cap of $638.19 billion, a P/E ratio of 34.76, a PEG ratio of 2.36 and a beta of 0.94. The business’s fifty day simple moving average is $352.56 and its 200-day simple moving average is $339.31. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $375.51. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45.

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 the consensus estimate of $2.68 by $0.08. The company 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 56.28% and a net margin of 52.86%. Visa’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.51 EPS. As a group, equities analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. Visa’s payout ratio is 23.72%.

Analyst Ratings Changes

V has been the subject of several analyst reports. Barclays reissued an “overweight” rating on shares of Visa in a research note on Friday, June 13th. Macquarie lowered their price objective on Visa from $400.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Susquehanna reissued a “positive” rating on shares of Visa in a research note on Friday, March 21st. Wall Street Zen raised Visa from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Finally, The Goldman Sachs Group assumed coverage on Visa in a research report on Monday, June 2nd. They set a “neutral” rating for the company. Five research 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $372.80.

Visa Company 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.