Visa Inc. (NYSE:V) Stake Decreased by Norman Fields Gottscho Capital Management LLC

Norman Fields Gottscho Capital Management LLC lessened its stake in shares of Visa Inc. (NYSE:V) by 1.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 95,810 shares of the credit-card processor’s stock after selling 1,240 shares during the period. Visa comprises about 10.0% of Norman Fields Gottscho Capital Management LLC’s holdings, making the stock its 3rd biggest position. Norman Fields Gottscho Capital Management LLC’s holdings in Visa were worth $26,739,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in V. Norges Bank purchased a new position in shares of Visa during the 4th quarter valued at $3,895,015,000. International Assets Investment Management LLC raised its stake in Visa by 17,418.7% in the 4th quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock valued at $1,233,338,000 after acquiring an additional 4,710,188 shares during the period. Public Employees Retirement Association of Colorado lifted its holdings in Visa by 14,306.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,500,270 shares of the credit-card processor’s stock valued at $390,595,000 after purchasing an additional 1,489,856 shares during the last quarter. Capital World Investors boosted its position in Visa by 8.0% during the fourth quarter. Capital World Investors now owns 17,895,788 shares of the credit-card processor’s stock worth $4,659,169,000 after purchasing an additional 1,323,238 shares during the period. Finally, Capital Research Global Investors increased its stake in shares of Visa by 139.4% in the fourth quarter. Capital Research Global Investors now owns 2,185,077 shares of the credit-card processor’s stock worth $568,885,000 after purchasing an additional 1,272,211 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Macquarie raised their price objective on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Oppenheimer lifted their price target on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Wedbush boosted their price objective on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Redburn Atlantic restated a “neutral” rating and issued a $307.00 target price on shares of Visa in a research note on Wednesday, March 27th. Finally, Piper Sandler initiated coverage on Visa in a research report on Monday, May 13th. They set an “overweight” rating and a $322.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $303.76.

Visa Price Performance

V opened at $273.62 on Thursday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. 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 stock has a 50-day moving average price of $273.96 and a 200-day moving average price of $272.71. Visa Inc. has a 12-month low of $224.98 and a 12-month high of $290.96.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. Visa’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.09 earnings per share. Equities analysts predict that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Thursday, May 16th. Visa’s payout ratio is presently 23.24%.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Visa news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now owns 2,591 shares in the company, valued at $713,950.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The disclosure for this sale can be found here. Insiders sold 34,402 shares of company stock valued at $9,559,382 over the last three months. Insiders own 0.19% of the company’s stock.

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.