Community Bank & Trust Waco Texas Sells 100 Shares of Visa Inc. (NYSE:V)

Community Bank & Trust Waco Texas lessened its stake in shares of Visa Inc. (NYSE:V) by 5.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,660 shares of the credit-card processor’s stock after selling 100 shares during the period. Community Bank & Trust Waco Texas’ holdings in Visa were worth $463,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Livelsberger Financial Advisory purchased a new position in shares of Visa during the 4th quarter valued at $25,000. Westend Capital Management LLC purchased a new position in shares of Visa in the first quarter valued at about $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of Visa during the fourth quarter worth about $32,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Visa during the fourth quarter worth about $33,000. Finally, Valued Wealth Advisors LLC purchased a new position in Visa in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Price Performance

Shares of V stock opened at $268.99 on Friday. The stock has a 50 day moving average price of $273.45 and a 200 day moving average price of $273.65. Visa Inc. has a 52-week low of $227.68 and a 52-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 firm has a market capitalization of $491.97 billion, a P/E ratio of 30.05, a P/E/G ratio of 1.84 and a beta of 0.95.

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 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 business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the company earned $2.09 earnings per share. As a group, sell-side analysts predict that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on V shares. Redburn Atlantic reiterated a “neutral” rating and set a $307.00 price objective on shares of Visa in a research report on Wednesday, March 27th. Wedbush boosted their price target 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. Evercore ISI cut their price objective on Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Royal Bank of Canada boosted their target price on Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Finally, UBS Group raised their price target on Visa from $315.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $303.56.

Insider Transactions at Visa

In other Visa news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. In other 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 completion of the sale, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the transaction, the insider now owns 17,894 shares in the company, valued at $4,959,322.10. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.

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.