Compass Wealth Management LLC Sells 100 Shares of Visa Inc. (NYSE:V)

Compass Wealth Management LLC trimmed its position in shares of Visa Inc. (NYSE:V) by 1.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,221 shares of the credit-card processor’s stock after selling 100 shares during the period. Compass Wealth Management LLC’s holdings in Visa were worth $2,573,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Aigen Investment Management LP raised its stake in Visa by 64.5% in the third quarter. Aigen Investment Management LP now owns 3,951 shares of the credit-card processor’s stock worth $909,000 after buying an additional 1,549 shares in the last quarter. PAX Financial Group LLC grew its holdings in Visa by 1.2% in the third quarter. PAX Financial Group LLC now owns 3,492 shares of the credit-card processor’s stock worth $803,000 after purchasing an additional 43 shares during the period. Rathbones Group PLC grew its holdings in Visa by 30.7% in the third quarter. Rathbones Group PLC now owns 3,083,085 shares of the credit-card processor’s stock worth $709,140,000 after purchasing an additional 723,521 shares during the period. V Square Quantitative Management LLC grew its holdings in Visa by 20.9% in the third quarter. V Square Quantitative Management LLC now owns 11,709 shares of the credit-card processor’s stock worth $2,693,000 after purchasing an additional 2,027 shares during the period. Finally, TFB Advisors LLC grew its holdings in Visa by 4.5% in the third quarter. TFB Advisors LLC now owns 4,719 shares of the credit-card processor’s stock worth $1,085,000 after purchasing an additional 205 shares during the period. 82.15% of the stock is owned by institutional investors.

Visa Stock Performance

Shares of NYSE:V opened at $273.62 on Thursday. Visa Inc. has a 52 week low of $224.98 and a 52 week high of $290.96. The stock has a market capitalization of $500.43 billion, a P/E ratio of 30.57, a PEG ratio of 1.87 and a beta of 0.97. The firm has a fifty day simple moving average of $273.96 and a two-hundred day simple moving average of $272.71. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same period last year, the company posted $2.09 EPS. The business’s revenue was up 9.9% on a year-over-year basis. On average, analysts expect that Visa Inc. will post 9.94 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 3rd. Investors of record on Friday, May 17th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. Visa’s dividend payout ratio is presently 23.24%.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the sale, the insider now owns 17,894 shares in the company, valued at approximately $4,959,322.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lloyd Carney sold 909 shares of Visa stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,402 shares of company stock valued at $9,559,382. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the topic of a number of recent research reports. Mizuho upped their price objective on shares of Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. William Blair restated an “outperform” rating on shares of Visa in a research report on Wednesday, April 24th. Wells Fargo & Company increased their price objective on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Oppenheimer increased their price objective on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, UBS Group increased their price objective on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $303.76.

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.