Visa Inc. (NYSE:V) Shares Sold by DeDora Capital Inc.

DeDora Capital Inc. lowered its stake in shares of Visa Inc. (NYSE:V) by 3.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,141 shares of the credit-card processor’s stock after selling 355 shares during the quarter. DeDora Capital Inc.’s holdings in Visa were worth $2,551,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Westend Capital Management LLC purchased a new position in shares of Visa during the first quarter worth approximately $25,000. Livelsberger Financial Advisory purchased a new position in shares of Visa during the fourth quarter worth approximately $25,000. Altshuler Shaham Ltd purchased a new position in shares of Visa during the third quarter worth approximately $25,000. O Brien Wealth Partners LLC purchased a new position in shares of Visa during the fourth quarter worth approximately $32,000. Finally, Frank Rimerman Advisors LLC purchased a new position in shares of Visa during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on V shares. Raymond James lifted their price objective on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Royal Bank of Canada lifted their price objective on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Keefe, Bruyette & Woods boosted their target price on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. TD Cowen started coverage on shares of Visa in a report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target for the company. Finally, Macquarie boosted their price objective on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $303.00.

Insiders Place Their Bets

In other news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a 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 shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. Insiders sold a total of 11,724 shares of company stock valued at $3,278,698 over the last 90 days. 0.19% of the stock is owned by company insiders.

Visa Stock Up 0.3 %

Shares of NYSE:V traded up $0.88 during midday trading on Friday, reaching $268.49. The company had a trading volume of 3,862,018 shares, compared to its average volume of 6,930,902. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. The stock’s fifty day moving average price is $278.17 and its 200-day moving average price is $265.42. The stock has a market capitalization of $493.08 billion, a P/E ratio of 30.00, a PEG ratio of 1.83 and a beta of 0.95. Visa Inc. has a one year low of $216.14 and a one year high of $290.96.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.09 earnings per share. Equities research analysts expect that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio is presently 23.24%.

Visa Company 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.