Visa Inc. (NYSE:V) Position Reduced by TrueWealth Advisors LLC

TrueWealth Advisors LLC cut its position in shares of Visa Inc. (NYSE:V) by 6.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 750 shares of the credit-card processor’s stock after selling 49 shares during the quarter. TrueWealth Advisors LLC’s holdings in Visa were worth $263,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Visa in the fourth quarter worth approximately $27,000. POM Investment Strategies LLC lifted its position in shares of Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 32 shares in the last quarter. Compass Planning Associates Inc purchased a new stake in shares of Visa in the fourth quarter worth approximately $32,000. NewSquare Capital LLC purchased a new stake in shares of Visa in the fourth quarter worth approximately $35,000. Finally, FPC Investment Advisory Inc. lifted its position in shares of Visa by 377.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock worth $36,000 after purchasing an additional 83 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on V shares. Evercore ISI started coverage on Visa in a report on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 price objective on the stock. UBS Group increased their price objective on Visa from $395.00 to $405.00 and gave the stock a “buy” rating in a report on Wednesday, May 28th. Wall Street Zen upgraded Visa from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Oppenheimer restated an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a report on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $367.48.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $2,978,899.60. Following the completion of the transaction, the chief executive officer now directly owns 537 shares of the company’s stock, valued at approximately $185,576.46. This trade represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the transaction, the insider now directly owns 26,413 shares of the company’s stock, valued at approximately $8,642,333.60. The trade was a 59.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,948 shares of company stock valued at $41,546,299 over the last ninety days. 0.13% of the stock is owned by company insiders.

Visa Stock Up 0.6%

Shares of V stock opened at $368.04 on Thursday. The stock has a market cap of $679.09 billion, a P/E ratio of 37.10, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. Visa Inc. has a one year low of $252.70 and a one year high of $371.75. The stock has a fifty day moving average price of $344.66 and a 200 day moving average price of $334.72. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping the consensus estimate of $2.68 by $0.08. The firm had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. Visa’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business earned $2.51 earnings per share. Analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were given a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.64%. Visa’s dividend payout ratio (DPR) is currently 23.72%.

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.