Visa Inc. (NYSE:V) Shares Sold by Osher Van de Voorde Investment Management

Osher Van de Voorde Investment Management trimmed its holdings in shares of Visa Inc. (NYSE:V) by 10.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,365 shares of the credit-card processor’s stock after selling 8,930 shares during the period. Visa makes up about 5.0% of Osher Van de Voorde Investment Management’s portfolio, making the stock its 4th biggest position. Osher Van de Voorde Investment Management’s holdings in Visa were worth $21,312,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Nadler Financial Group Inc. increased its holdings in Visa by 2.4% in the 4th quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock worth $495,000 after acquiring an additional 44 shares in the last quarter. Towerpoint Wealth LLC purchased a new stake in Visa in the 4th quarter worth $216,000. Andrew Hill Investment Advisors Inc. purchased a new stake in Visa in the 4th quarter worth $3,427,000. Richelieu Gestion SA purchased a new stake in Visa in the 4th quarter worth $307,000. Finally, Cooper Financial Group increased its holdings in Visa by 6.4% in the 4th quarter. Cooper Financial Group now owns 7,926 shares of the credit-card processor’s stock worth $2,064,000 after acquiring an additional 476 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Visa Stock Performance

Shares of Visa stock opened at $276.85 on Friday. The firm has a market capitalization of $506.34 billion, a P/E ratio of 30.93, a P/E/G ratio of 1.87 and a beta of 0.97. Visa Inc. has a 52 week low of $224.98 and a 52 week high of $290.96. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The firm’s 50 day moving average is $273.99 and its two-hundred day moving average is $272.74.

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

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s payout ratio is currently 23.24%.

Wall Street Analyst Weigh In

V has been the subject of a number of research reports. Piper Sandler initiated coverage on shares of Visa in a report on Monday, May 13th. They set an “overweight” rating and a $322.00 target price for the company. TD Cowen assumed coverage on shares of Visa in a report on Thursday, April 11th. They set a “buy” rating and a $320.00 target price for the company. Wells Fargo & Company boosted their price target 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. William Blair reissued an “outperform” rating on shares of Visa in a research report on Wednesday, April 24th. Finally, Wedbush boosted their price target on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $303.76.

Visa Company 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.