Chapin Davis Inc. Has $916,000 Position in Visa Inc. (NYSE:V)

Chapin Davis Inc. cut its stake in Visa Inc. (NYSE:V) by 6.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,281 shares of the credit-card processor’s stock after selling 213 shares during the period. Chapin Davis Inc.’s holdings in Visa were worth $916,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in V. Livelsberger Financial Advisory bought a new stake in Visa in the fourth quarter valued at approximately $25,000. Westend Capital Management LLC bought a new position in shares of Visa during the 1st quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new position in shares of Visa during the 4th quarter worth approximately $32,000. Frank Rimerman Advisors LLC bought a new position in shares of Visa during the 4th quarter worth approximately $33,000. Finally, Valued Wealth Advisors LLC bought a new position in shares of Visa during the 4th quarter worth approximately $37,000. 82.15% of the stock is currently owned by institutional investors.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction dated 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 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 at the SEC website. In other news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the sale, the insider now 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 at this hyperlink. Also, 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 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. 0.19% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on V. Wells Fargo & Company increased their price target on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Evercore ISI cut their target price on Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. TD Cowen initiated coverage on shares of Visa in a report on Thursday, April 11th. They set a “buy” rating and a $320.00 price objective on the stock. UBS Group upped their price objective on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Redburn Atlantic reissued a “neutral” rating and set a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $303.56.

Visa Price Performance

Shares of NYSE V opened at $263.17 on Tuesday. The stock has a market cap of $481.32 billion, a PE ratio of 29.40, a price-to-earnings-growth ratio of 1.80 and a beta of 0.95. Visa Inc. has a fifty-two week low of $227.68 and a fifty-two week high of $290.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a fifty day moving average of $273.88 and a 200-day moving average of $273.58.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.08. The company 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%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the company earned $2.09 earnings per share. Equities research analysts anticipate that Visa Inc. will post 9.94 earnings per share 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 paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s dividend payout ratio is 23.24%.

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.