Greatmark Investment Partners Inc. trimmed its holdings in Visa Inc. (NYSE:V) by 2.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,021 shares of the credit-card processor’s stock after selling 73 shares during the quarter. Greatmark Investment Partners Inc.’s holdings in Visa were worth $640,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. FNY Investment Advisers LLC grew its stake in shares of Visa by 129.1% in the 4th quarter. FNY Investment Advisers LLC now owns 126 shares of the credit-card processor’s stock valued at $27,000 after buying an additional 71 shares during the period. Kinloch Capital LLC purchased a new position in shares of Visa during the fourth quarter worth $27,000. Horan Securities Inc. lifted its position in shares of Visa by 432.0% during the fourth quarter. Horan Securities Inc. now owns 133 shares of the credit-card processor’s stock worth $29,000 after purchasing an additional 108 shares in the last quarter. Cowa LLC purchased a new position in Visa in the 4th quarter valued at approximately $29,000. Finally, New Capital Management LP purchased a new position in Visa in the fourth quarter valued at $35,000. Institutional investors and hedge funds own 80.50% of the company’s stock.
In other Visa news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the business’s stock in a transaction dated Wednesday, March 31st. The shares were sold at an average price of $212.55, for a total value of $1,912,950.00. Following the sale, the chief executive officer now directly owns 163,112 shares in the company, valued at $34,669,455.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert W. Matschullat sold 3,783 shares of the business’s stock in a transaction that occurred on Thursday, May 6th. The stock was sold at an average price of $230.37, for a total transaction of $871,489.71. Following the completion of the sale, the director now owns 27,234 shares in the company, valued at $6,273,896.58. The disclosure for this sale can be found here. Over the last quarter, insiders sold 137,626 shares of company stock worth $30,979,639. 0.19% of the stock is currently owned by insiders.
Shares of V opened at $226.94 on Friday. Visa Inc. has a 52 week low of $178.87 and a 52 week high of $237.50. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.68. The firm has a market cap of $442.07 billion, a price-to-earnings ratio of 46.50, a PEG ratio of 3.80 and a beta of 0.96. The stock has a 50 day moving average of $224.24 and a 200-day moving average of $212.26.
Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 27th. The credit-card processor reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.12. Visa had a net margin of 49.74% and a return on equity of 37.22%. The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $5.54 billion. During the same quarter in the previous year, the company posted $1.39 earnings per share. The firm’s revenue was down 2.1% on a year-over-year basis. On average, sell-side analysts predict that Visa Inc. will post 5.45 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 1st. Investors of record on Friday, May 14th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, May 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.56%. Visa’s dividend payout ratio (DPR) is presently 25.40%.
Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.
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