Trust Co of Kansas Sells 344 Shares of Visa Inc. (NYSE:V)

Trust Co of Kansas cut its holdings in Visa Inc. (NYSE:V) by 1.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,915 shares of the credit-card processor’s stock after selling 344 shares during the period. Visa accounts for about 3.5% of Trust Co of Kansas’ portfolio, making the stock its 9th largest holding. Trust Co of Kansas’ holdings in Visa were worth $6,629,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Lakeridge Wealth Management LLC lifted its stake in Visa by 5.7% during the first quarter. Lakeridge Wealth Management LLC now owns 1,507 shares of the credit-card processor’s stock worth $528,000 after purchasing an additional 81 shares in the last quarter. Blue Rock Wealth Management LLC acquired a new position in Visa during the fourth quarter worth $306,000. Aptus Capital Advisors LLC lifted its stake in Visa by 19.8% during the fourth quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor’s stock worth $57,727,000 after purchasing an additional 30,185 shares in the last quarter. King Wealth Management Group lifted its stake in Visa by 9.0% during the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor’s stock worth $23,663,000 after purchasing an additional 6,172 shares in the last quarter. Finally, Eagle Strategies LLC lifted its stake in Visa by 2.5% during the fourth quarter. Eagle Strategies LLC now owns 2,568 shares of the credit-card processor’s stock worth $811,000 after purchasing an additional 63 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $2,978,899.60. Following the sale, the chief executive officer now owns 537 shares of the company’s stock, valued at approximately $185,576.46. The trade was a 94.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total value of $4,363,500.00. Following the completion of the sale, the insider now directly owns 26,413 shares in the company, valued at $9,904,875. This represents a 30.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,098 shares of company stock valued at $36,738,526 over the last quarter. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

V has been the topic of a number of research reports. Susquehanna restated a “positive” rating on shares of Visa in a research note on Friday, March 21st. Barclays reiterated an “overweight” rating on shares of Visa in a research note on Friday, June 13th. The Goldman Sachs Group started coverage on Visa in a research note 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 note on Wednesday, April 30th. Finally, Jefferies Financial Group increased their price objective on Visa from $400.00 to $410.00 and gave the company a “buy” rating in a research note on Tuesday, May 27th. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $372.80.

Visa Stock Performance

Shares of V stock opened at $345.87 on Thursday. The stock’s 50-day moving average is $352.56 and its two-hundred day moving average is $339.31. The firm has a market cap of $638.19 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 2.36 and a beta of 0.94. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $375.51. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. Visa had a return on equity of 56.28% and a net margin of 52.86%. The firm had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter last year, the company posted $2.51 earnings per share. The business’s revenue was up 9.3% on a year-over-year basis. Analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa’s dividend payout ratio is currently 23.72%.

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.