Visa Inc. (NYSE:V) Shares Sold by Overbrook Management Corp

Overbrook Management Corp lowered its stake in Visa Inc. (NYSE:V) by 1.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 74,853 shares of the credit-card processor’s stock after selling 1,408 shares during the quarter. Visa comprises about 3.9% of Overbrook Management Corp’s investment portfolio, making the stock its 11th biggest position. Overbrook Management Corp’s holdings in Visa were worth $19,488,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of V. Altshuler Shaham Ltd purchased a new stake in Visa during the third quarter worth about $25,000. O Brien Wealth Partners LLC purchased a new stake in Visa during the fourth quarter worth about $32,000. Nalls Sherbakoff Group LLC increased its stake in Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after purchasing an additional 120 shares during the period. Valued Wealth Advisors LLC purchased a new stake in shares of Visa during the fourth quarter worth approximately $37,000. Finally, Life Planning Partners Inc purchased a new stake in shares of Visa during the fourth quarter worth approximately $71,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,965 shares of company stock worth $5,256,352. 0.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on V. William Blair restated an “outperform” rating on shares of Visa in a research note on Wednesday. Macquarie upped their target price on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday. UBS Group upped their target price on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday. Keefe, Bruyette & Woods upped their price target on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, Wedbush upped their price target on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday. Five analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $302.58.

Visa Stock Performance

Shares of NYSE V traded down $0.58 during mid-day trading on Friday, hitting $274.58. 6,840,359 shares of the company were exchanged, compared to its average volume of 5,951,953. The company has a quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The stock has a 50 day simple moving average of $279.24 and a 200-day simple moving average of $264.33. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The firm has a market cap of $504.27 billion, a price-to-earnings ratio of 30.68, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.08. The firm had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the company earned $2.09 earnings per share. On average, sell-side analysts forecast that Visa Inc. will post 9.89 EPS 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 given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s payout ratio is 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.