Wilson Asset Management International PTY Ltd. Trims Stock Position in Visa Inc. $V

Wilson Asset Management International PTY Ltd. reduced its position in shares of Visa Inc. (NYSE:V) by 19.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 56,175 shares of the credit-card processor’s stock after selling 13,899 shares during the quarter. Visa comprises approximately 4.7% of Wilson Asset Management International PTY Ltd.’s holdings, making the stock its 7th largest holding. Wilson Asset Management International PTY Ltd.’s holdings in Visa were worth $19,177,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of V. Western Wealth Management LLC raised its stake in Visa by 3.5% during the third quarter. Western Wealth Management LLC now owns 31,788 shares of the credit-card processor’s stock valued at $10,852,000 after purchasing an additional 1,075 shares in the last quarter. Legacy Financial Strategies LLC increased its holdings in shares of Visa by 5.7% in the 3rd quarter. Legacy Financial Strategies LLC now owns 1,884 shares of the credit-card processor’s stock worth $643,000 after buying an additional 102 shares during the last quarter. Francis Financial Inc. raised its position in shares of Visa by 15.7% during the 3rd quarter. Francis Financial Inc. now owns 1,128 shares of the credit-card processor’s stock valued at $385,000 after buying an additional 153 shares in the last quarter. Tempus Wealth Planning LLC raised its position in shares of Visa by 1.8% during the 3rd quarter. Tempus Wealth Planning LLC now owns 4,279 shares of the credit-card processor’s stock valued at $1,461,000 after buying an additional 75 shares in the last quarter. Finally, Candriam S.C.A. lifted its holdings in shares of Visa by 7.3% in the 3rd quarter. Candriam S.C.A. now owns 537,784 shares of the credit-card processor’s stock valued at $183,589,000 after acquiring an additional 36,443 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Price Performance

Shares of V stock opened at $331.82 on Monday. The stock has a 50 day moving average price of $338.50 and a 200 day moving average price of $340.77. Visa Inc. has a 52-week low of $299.00 and a 52-week high of $375.51. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $602.31 billion, a P/E ratio of 31.13, a P/E/G ratio of 1.90 and a beta of 0.79.

Visa (NYSE:V) last released its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, topping analysts’ consensus estimates of $3.14 by $0.03. Visa had a return on equity of 61.74% and a net margin of 50.23%.The business had revenue of $10.90 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same quarter last year, the firm posted $2.75 earnings per share. The business’s revenue was up 14.6% compared to the same quarter last year. As a group, sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. Visa’s dividend payout ratio is presently 25.14%.

Analyst Upgrades and Downgrades

V has been the topic of several analyst reports. Bank of America raised Visa from a “neutral” rating to a “buy” rating and set a $382.00 price objective on the stock in a research note on Thursday, December 11th. Cantor Fitzgerald upgraded Visa to a “strong-buy” rating in a report on Tuesday, January 27th. Truist Financial set a $374.00 price target on Visa in a report on Tuesday, January 20th. Raymond James Financial restated an “outperform” rating and issued a $408.00 price target (up from $398.00) on shares of Visa in a research report on Wednesday, October 29th. Finally, HSBC upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $392.29.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the completion of the sale, the chief executive officer owned 9,401 shares in the company, valued at $3,282,641.18. This represents a 52.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 2,172 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $325.93, for a total value of $707,919.96. Following the sale, the insider directly owned 26,413 shares in the company, valued at approximately $8,608,789.09. The trade was a 7.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.12% of the company’s stock.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.