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

Compass Capital Management Inc. trimmed its position in Visa Inc. (NYSE:V) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,369 shares of the credit-card processor’s stock after selling 2,898 shares during the period. Visa makes up approximately 4.2% of Compass Capital Management Inc.’s portfolio, making the stock its 5th biggest position. Compass Capital Management Inc.’s holdings in Visa were worth $59,716,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new stake in shares of Visa in the 3rd quarter worth $25,000. O Brien Wealth Partners LLC bought a new position in shares of Visa in the fourth quarter valued at approximately $32,000. Valued Wealth Advisors LLC purchased a new position in Visa in the fourth quarter worth $37,000. Stuart Chaussee & Associates Inc. grew its position in Visa by 66.2% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock valued at $61,000 after buying an additional 94 shares during the period. Finally, Macroview Investment Management LLC increased its holdings in Visa by 1,019.2% during the third quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock worth $67,000 after buying an additional 265 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

NYSE V traded down $3.23 during trading hours on Tuesday, hitting $268.61. 6,319,834 shares of the company’s stock traded hands, compared to its average volume of 5,935,194. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96. The firm has a market capitalization of $493.30 billion, a P/E ratio of 30.17, a P/E/G ratio of 1.89 and a beta of 0.96. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. The business’s fifty day moving average price is $279.11 and its two-hundred day moving average price is $264.97.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same quarter in the previous year, the company posted $2.09 earnings per share. Visa’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities research analysts predict that Visa Inc. will post 9.89 EPS for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be issued a $0.52 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. Visa’s dividend payout ratio (DPR) is 23.24%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on V. TD Cowen started coverage on shares of Visa in a research report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price objective for the company. Macquarie upped their price target on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Raymond James increased their price objective on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. UBS Group upped their target price on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, Barclays lifted their price target on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $302.58.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Visa news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was 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 in the company, valued at $713,950.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The disclosure for this sale can be found here. Insiders have sold a total of 19,874 shares of company stock valued at $5,506,827 in the last quarter. 0.19% of the stock is currently owned by insiders.

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.