VanderPol Investments L.L.C. Trims Holdings in Visa Inc. $V

VanderPol Investments L.L.C. cut its holdings in Visa Inc. (NYSE:V) by 3.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,217 shares of the credit-card processor’s stock after selling 38 shares during the quarter. Visa makes up about 0.9% of VanderPol Investments L.L.C.’s holdings, making the stock its 26th biggest holding. VanderPol Investments L.L.C.’s holdings in Visa were worth $432,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Greenwood Gearhart Inc. grew its position in shares of Visa by 2.4% in the 2nd quarter. Greenwood Gearhart Inc. now owns 49,101 shares of the credit-card processor’s stock worth $17,433,000 after buying an additional 1,165 shares during the period. Blue Zone Wealth Advisors LLC grew its position in shares of Visa by 7.2% in the 2nd quarter. Blue Zone Wealth Advisors LLC now owns 24,170 shares of the credit-card processor’s stock worth $8,582,000 after buying an additional 1,621 shares during the period. Strong Tower Advisory Services grew its position in shares of Visa by 2.9% in the 2nd quarter. Strong Tower Advisory Services now owns 22,162 shares of the credit-card processor’s stock worth $7,869,000 after buying an additional 621 shares during the period. PDS Planning Inc grew its position in shares of Visa by 18.7% in the 2nd quarter. PDS Planning Inc now owns 12,033 shares of the credit-card processor’s stock worth $4,272,000 after buying an additional 1,897 shares during the period. Finally, Bender Robert & Associates grew its position in shares of Visa by 4.2% in the 2nd quarter. Bender Robert & Associates now owns 1,051 shares of the credit-card processor’s stock worth $373,000 after buying an additional 42 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the transaction, the general counsel owned 11,925 shares in the company, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the transaction, the chief executive officer owned 537 shares in the company, valued at $183,815.10. This represents a 95.13% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Visa Price Performance

V opened at $348.39 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $638.53 billion, a P/E ratio of 34.02, a P/E/G ratio of 2.03 and a beta of 0.90. The company’s 50-day simple moving average is $344.01 and its two-hundred day simple moving average is $346.98. Visa Inc. has a 52-week low of $278.35 and a 52-week high of $375.51.

Visa (NYSE:V) last posted its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.13. The business had revenue of $10.17 billion for the quarter, compared to analysts’ expectations of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.42 EPS. As a group, analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, August 12th. This represents a $2.36 annualized dividend and a yield of 0.7%. Visa’s dividend payout ratio is currently 23.05%.

Analysts Set New Price Targets

V has been the topic of a number of recent research reports. Truist Financial reduced their target price on shares of Visa from $400.00 to $397.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. Barclays reiterated an “overweight” rating and issued a $408.00 price target (up previously from $396.00) on shares of Visa in a research note on Thursday, July 31st. Morgan Stanley upped their price target on shares of Visa from $386.00 to $402.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Raymond James Financial reiterated an “outperform” rating on shares of Visa in a research note on Wednesday, July 30th. Finally, Robert W. Baird set a $410.00 price target on shares of Visa and gave the stock an “outperform” rating in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $389.00.

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.