Visa Inc. (NYSE:V) is Trust Co. of Oklahoma’s 7th Largest Position

Trust Co. of Oklahoma reduced its stake in Visa Inc. (NYSE:V) by 2.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,749 shares of the credit-card processor’s stock after selling 706 shares during the quarter. Visa accounts for 2.9% of Trust Co. of Oklahoma’s investment portfolio, making the stock its 7th biggest holding. Trust Co. of Oklahoma’s holdings in Visa were worth $8,302,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Livelsberger Financial Advisory acquired a new position in Visa during the 4th quarter worth approximately $25,000. Westend Capital Management LLC purchased a new position in Visa in the first quarter worth $25,000. O Brien Wealth Partners LLC acquired a new stake in Visa in the fourth quarter valued at $32,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Visa during the 4th quarter worth $33,000. Finally, Valued Wealth Advisors LLC acquired a new position in shares of Visa during the 4th quarter worth $37,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

V has been the subject of several recent analyst reports. Evercore ISI reduced their price objective on shares of Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Robert W. Baird upped their price target on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Mizuho lifted their price objective on Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. William Blair reiterated an “outperform” rating on shares of Visa in a research report on Wednesday, April 24th. Finally, Redburn Atlantic restated a “neutral” rating and issued a $307.00 price target on shares of Visa in a research report on Wednesday, March 27th. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $303.56.

Insider Activity at Visa

In related news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now owns 2,591 shares in the company, valued at $713,950.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Lloyd Carney sold 909 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the transaction, the insider now owns 17,894 shares in the company, valued at approximately $4,959,322.10. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

Visa Trading Up 0.2 %

NYSE:V traded up $0.50 during mid-day trading on Wednesday, reaching $268.73. The company’s stock had a trading volume of 5,017,760 shares, compared to its average volume of 6,819,253. Visa Inc. has a twelve month low of $227.68 and a twelve month high of $290.96. The company’s fifty day simple moving average is $273.58 and its two-hundred day simple moving average is $273.69. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $491.49 billion, a P/E ratio of 30.03, a P/E/G ratio of 1.80 and a beta of 0.95.

Visa (NYSE:V) last released its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 53.87% and a return on equity of 51.23%. Visa’s revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.09 earnings per share. On average, equities analysts predict that Visa Inc. will post 9.94 EPS for the current year.

Visa Dividend Announcement

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

Visa 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.