Visa Inc. (NYSE:V) Shares Sold by Menora Mivtachim Holdings LTD.

Menora Mivtachim Holdings LTD. lowered its stake in shares of Visa Inc. (NYSE:V) by 41.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,000 shares of the credit-card processor’s stock after selling 700 shares during the quarter. Menora Mivtachim Holdings LTD.’s holdings in Visa were worth $350,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of V. Forvis Mazars Wealth Advisors LLC increased its holdings in Visa by 8.2% in the 1st quarter. Forvis Mazars Wealth Advisors LLC now owns 10,042 shares of the credit-card processor’s stock worth $3,519,000 after buying an additional 763 shares during the period. Global Endowment Management LP increased its holdings in Visa by 31.6% in the 1st quarter. Global Endowment Management LP now owns 1,934 shares of the credit-card processor’s stock worth $678,000 after buying an additional 464 shares during the period. Gen Wealth Partners Inc increased its holdings in Visa by 4.6% in the 1st quarter. Gen Wealth Partners Inc now owns 5,372 shares of the credit-card processor’s stock worth $1,883,000 after buying an additional 237 shares during the period. Nations Financial Group Inc. IA ADV increased its holdings in Visa by 4.8% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 27,808 shares of the credit-card processor’s stock worth $9,746,000 after buying an additional 1,282 shares during the period. Finally, Thompson Davis & CO. Inc. increased its holdings in Visa by 3.4% in the 1st quarter. Thompson Davis & CO. Inc. now owns 1,263 shares of the credit-card processor’s stock worth $443,000 after buying an additional 41 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling

In other news, insider Paul D. Fabara sold 11,636 shares of the company’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the sale, the insider owned 26,413 shares in the company, valued at $9,904,875. This represents a 30.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,630 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the sale, the chief executive officer owned 537 shares of the company’s stock, valued at $190,001.34. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,100 shares of company stock valued at $27,643,224. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. The Goldman Sachs Group assumed coverage on Visa in a research report on Monday, June 2nd. They issued a “neutral” rating on the stock. William Blair reiterated an “outperform” rating on shares of Visa in a research report on Wednesday, April 30th. Jefferies Financial Group increased their target price on Visa from $400.00 to $410.00 and gave the company a “buy” rating in a research report on Tuesday, May 27th. BMO Capital Markets increased their target price on Visa from $370.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley increased their target price on Visa from $386.00 to $402.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $380.84.

Visa Stock Performance

Shares of V opened at $344.44 on Friday. The stock has a 50-day simple moving average of $350.17 and a 200-day simple moving average of $347.34. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $631.29 billion, a PE ratio of 33.64, a PEG ratio of 2.30 and a beta of 0.94. Visa Inc. has a 1 year low of $265.23 and a 1 year high of $375.51.

Visa (NYSE:V) last posted its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.13. The firm had revenue of $10.17 billion during the quarter, compared to analysts’ expectations of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%. The firm’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.42 earnings per share. On average, analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Visa’s payout ratio is currently 23.05%.

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.