Carlson Capital Management Decreases Position in Visa Inc. (NYSE:V)

Carlson Capital Management lessened its holdings in shares of Visa Inc. (NYSE:V) by 81.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 794 shares of the credit-card processor’s stock after selling 3,391 shares during the period. Carlson Capital Management’s holdings in Visa were worth $222,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in V. Norges Bank purchased a new position in Visa in the 4th quarter worth $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 worth $1,233,338,000 after acquiring an additional 4,710,188 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in Visa by 14,306.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,500,270 shares of the credit-card processor’s stock worth $390,595,000 after acquiring an additional 1,489,856 shares during the last quarter. Capital World Investors raised its stake in Visa by 8.0% in the 4th quarter. Capital World Investors now owns 17,895,788 shares of the credit-card processor’s stock worth $4,659,169,000 after acquiring an additional 1,323,238 shares during the last quarter. Finally, Capital Research Global Investors raised its stake in Visa by 139.4% in the 4th quarter. Capital Research Global Investors now owns 2,185,077 shares of the credit-card processor’s stock worth $568,885,000 after acquiring an additional 1,272,211 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analyst Ratings Changes

V has been the subject of a number of research analyst reports. William Blair restated an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. TD Cowen assumed coverage on Visa in a research report on Thursday, April 11th. They set a “buy” rating and a $320.00 price target on the stock. Macquarie increased their price target on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Piper Sandler assumed 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. Finally, Wedbush increased their price target on Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average price target of $303.76.

Visa Trading Up 0.3 %

Shares of Visa stock opened at $276.17 on Tuesday. The firm has a market capitalization of $505.10 billion, a PE ratio of 30.86, a P/E/G ratio of 1.88 and a beta of 0.97. Visa Inc. has a twelve month low of $226.02 and a twelve month high of $290.96. The firm’s 50-day moving average price is $274.07 and its 200 day moving average price is $273.29. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last released its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share 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 for the quarter, compared to analyst estimates 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, sell-side analysts predict that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction that occurred on 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 sale, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Visa news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction on 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 $4,959,322.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. Insiders have sold 34,402 shares of company stock valued at $9,559,382 in the last ninety days. 0.19% of the stock is currently owned by corporate insiders.

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.