Visa Inc. $V Shares Sold by Mosaic Family Wealth Partners LLC

Mosaic Family Wealth Partners LLC lowered its stake in shares of Visa Inc. (NYSE:V) by 7.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,974 shares of the credit-card processor’s stock after selling 159 shares during the quarter. Mosaic Family Wealth Partners LLC’s holdings in Visa were worth $701,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of V. Alfreton Capital LLP increased its position in Visa by 11.1% during the second quarter. Alfreton Capital LLP now owns 200,000 shares of the credit-card processor’s stock worth $71,010,000 after purchasing an additional 20,000 shares during the last quarter. Bulltick Wealth Management LLC grew its stake in shares of Visa by 2.7% during the 2nd quarter. Bulltick Wealth Management LLC now owns 18,675 shares of the credit-card processor’s stock valued at $6,631,000 after buying an additional 485 shares during the period. Intrust Bank NA increased its holdings in shares of Visa by 2.3% during the 2nd quarter. Intrust Bank NA now owns 26,220 shares of the credit-card processor’s stock worth $9,309,000 after buying an additional 590 shares during the last quarter. Rothschild Investment LLC raised its position in shares of Visa by 1.5% in the 2nd quarter. Rothschild Investment LLC now owns 30,802 shares of the credit-card processor’s stock worth $10,936,000 after buying an additional 461 shares during the period. Finally, Slagle Financial LLC boosted its holdings in Visa by 90.8% in the second quarter. Slagle Financial LLC now owns 13,081 shares of the credit-card processor’s stock valued at $4,645,000 after acquiring an additional 6,224 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Trading Down 1.8%

NYSE V opened at $329.89 on Monday. The stock has a market cap of $600.98 billion, a P/E ratio of 32.31, a PEG ratio of 2.00 and a beta of 0.87. The company’s fifty day simple moving average is $342.16 and its 200-day simple moving average is $348.71. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53. Visa Inc. has a 52 week low of $299.00 and a 52 week high of $375.51.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.01. The firm had revenue of $10.72 billion for the quarter, compared to analyst estimates of $10.60 billion. Visa had a net margin of 50.15% and a return on equity of 60.31%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.71 EPS. Equities research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be issued a $0.67 dividend. This is an increase from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 12th. Visa’s dividend payout ratio (DPR) is currently 26.25%.

Insider Activity at Visa

In other Visa news, Director Lloyd Carney sold 900 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total transaction of $302,832.00. Following the transaction, the director directly owned 2,468 shares in the company, valued at $830,432.64. This represents a 26.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $341.00, for a total value of $3,575,385.00. Following the completion of the transaction, the chief executive officer owned 537 shares of the company’s stock, valued at approximately $183,117. The trade was a 95.13% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 21,870 shares of company stock valued at $7,467,233. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

V has been the subject of several research analyst reports. Morgan Stanley set a $398.00 price target on Visa and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Citigroup upgraded Visa to a “strong-buy” rating in a report on Thursday, October 23rd. Barclays reissued an “overweight” rating and issued a $408.00 price objective (up previously from $396.00) on shares of Visa in a research report on Thursday, July 31st. Robert W. Baird set a $425.00 target price on shares of Visa in a report on Wednesday, October 29th. Finally, Wells Fargo & Company upgraded Visa to a “strong-buy” rating in a report on Wednesday, October 22nd. Four research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $400.00.

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.