Hollencrest Capital Management Has $38.63 Million Holdings in Visa Inc. (NYSE:V)

Hollencrest Capital Management decreased its position in Visa Inc. (NYSE:V) by 0.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 110,221 shares of the credit-card processor’s stock after selling 719 shares during the period. Visa accounts for about 1.7% of Hollencrest Capital Management’s portfolio, making the stock its 15th largest holding. Hollencrest Capital Management’s holdings in Visa were worth $38,628,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Creekmur Asset Management LLC boosted its stake in shares of Visa by 375.0% in the first quarter. Creekmur Asset Management LLC now owns 3,558 shares of the credit-card processor’s stock valued at $1,247,000 after buying an additional 2,809 shares during the period. Carson Advisory Inc. bought a new stake in shares of Visa in the first quarter valued at approximately $242,000. Hardy Reed LLC boosted its stake in shares of Visa by 0.6% in the first quarter. Hardy Reed LLC now owns 14,077 shares of the credit-card processor’s stock valued at $4,933,000 after buying an additional 82 shares during the period. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Visa by 0.4% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 325,409 shares of the credit-card processor’s stock valued at $114,043,000 after buying an additional 1,322 shares during the period. Finally, Kooman & Associates bought a new stake in shares of Visa in the first quarter valued at approximately $221,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Price Performance

Shares of V stock opened at $347.48 on Friday. The firm’s 50-day moving average is $356.90 and its two-hundred day moving average is $343.40. The company has a market capitalization of $641.16 billion, a PE ratio of 35.00, a price-to-earnings-growth ratio of 2.37 and a beta of 0.92. 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 1.08 and a quick ratio of 1.08.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The company had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter in the previous year, the business posted $2.51 EPS. The firm’s revenue was up 9.3% on a year-over-year basis. Analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa’s dividend payout ratio (DPR) is 23.72%.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the sale, the chief executive officer directly owned 537 shares of the company’s stock, valued at approximately $190,001.34. This represents a 94.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the sale, the general counsel directly owned 11,925 shares in the company, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,108 shares of company stock worth $36,771,200 in the last 90 days. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

V has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Visa in a research note on Thursday. They set a “buy” rating and a $410.00 target price for the company. Truist Financial lowered their target price on Visa from $400.00 to $397.00 and set a “buy” rating for the company in a research report on Thursday. Oppenheimer raised their target price on Visa from $390.00 to $391.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. Barclays reaffirmed an “overweight” rating on shares of Visa in a research report on Friday, June 13th. Finally, Jefferies Financial Group increased their price target on Visa from $400.00 to $410.00 and gave the stock a “buy” rating in a report on Tuesday, May 27th. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $375.52.

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.