Baker Boyer National Bank Reduces Stock Position in Visa Inc. (NYSE:V)

Baker Boyer National Bank decreased its position in Visa Inc. (NYSE:V) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,164 shares of the credit-card processor’s stock after selling 47 shares during the period. Baker Boyer National Bank’s holdings in Visa were worth $604,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in V. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Visa by 3.1% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 15,926 shares of the credit-card processor’s stock worth $3,663,000 after acquiring an additional 486 shares during the last quarter. GSB Wealth Management LLC boosted its position in shares of Visa by 4.3% during the third quarter. GSB Wealth Management LLC now owns 1,338 shares of the credit-card processor’s stock worth $308,000 after buying an additional 55 shares during the period. Providence Capital Advisors LLC grew its stake in shares of Visa by 11.5% in the third quarter. Providence Capital Advisors LLC now owns 1,224 shares of the credit-card processor’s stock valued at $282,000 after buying an additional 126 shares in the last quarter. Pegasus Partners Ltd. raised its holdings in shares of Visa by 1.4% in the 3rd quarter. Pegasus Partners Ltd. now owns 15,558 shares of the credit-card processor’s stock valued at $3,578,000 after buying an additional 217 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in Visa by 3.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 11,053 shares of the credit-card processor’s stock worth $2,542,000 after acquiring an additional 329 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the transaction, the insider now owns 17,894 shares in the company, valued at approximately $4,959,322.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The sale 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 firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of 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. Over the last quarter, insiders sold 34,402 shares of company stock worth $9,559,382. 0.19% of the stock is owned by corporate insiders.

Visa Stock Up 0.3 %

V stock opened at $276.17 on Tuesday. The stock has a market capitalization of $505.10 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 1.88 and a beta of 0.97. The company has a fifty day moving average of $274.07 and a 200-day moving average of $273.29. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. Visa Inc. has a one year low of $226.02 and a one year high of $290.96.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating 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 firm had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter last year, the firm earned $2.09 earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year. As a group, analysts expect that Visa Inc. will post 9.94 EPS for the current year.

Visa Announces Dividend

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

Analysts Set New Price Targets

V has been the topic of a number of recent research reports. Evercore ISI boosted their price target on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Wedbush upped their target price on shares of Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Macquarie raised their price target on shares of Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Redburn Atlantic reaffirmed a “neutral” rating and set a $307.00 price objective on shares of Visa in a research report on Wednesday, March 27th. Finally, Oppenheimer increased their price objective on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $303.76.

About Visa

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.