Diligent Investors LLC Has $5.97 Million Holdings in Visa Inc. (NYSE:V)

Diligent Investors LLC lowered its holdings in shares of Visa Inc. (NYSE:V) by 1.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,023 shares of the credit-card processor’s stock after selling 318 shares during the period. Visa makes up about 1.5% of Diligent Investors LLC’s holdings, making the stock its 7th biggest position. Diligent Investors LLC’s holdings in Visa were worth $5,966,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Capital & Planning LLC boosted its position in shares of Visa by 21.2% during the fourth quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor’s stock valued at $300,000 after buying an additional 166 shares during the last quarter. Sovereign Investment Advisors LLC purchased a new position in shares of Visa during the fourth quarter valued at approximately $424,000. Brighton Jones LLC boosted its position in shares of Visa by 50.1% during the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock valued at $6,522,000 after buying an additional 6,883 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in Visa during the fourth quarter worth $202,074,000. Finally, Revolve Wealth Partners LLC lifted its holdings in Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock worth $3,733,000 after acquiring an additional 4,817 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 14,813 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $355.04, for a total value of $5,259,207.52. Following the completion of the transaction, the insider now owns 26,413 shares of the company’s stock, valued at approximately $9,377,671.52. This represents a 35.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $362.77, for a total value of $3,127,077.40. Following the completion of the transaction, the chief executive officer now directly owns 537 shares of the company’s stock, valued at $194,807.49. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,948 shares of company stock valued at $41,546,299 in the last 90 days. Insiders own 0.13% of the company’s stock.

Visa Trading Up 0.6%

Shares of V stock opened at $368.04 on Thursday. The stock has a market capitalization of $679.09 billion, a PE ratio of 37.10, a P/E/G ratio of 2.33 and a beta of 0.96. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $371.75. The business has a 50-day moving average of $344.66 and a 200 day moving average of $334.72. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.08. The business had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. Visa’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.51 EPS. As a group, sell-side analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Tuesday, May 13th. Visa’s payout ratio is 23.72%.

Analysts Set New Price Targets

V has been the topic of a number of recent analyst reports. UBS Group lifted their price target on Visa from $395.00 to $405.00 and gave the stock a “buy” rating in a report on Wednesday, May 28th. Susquehanna reiterated a “positive” rating on shares of Visa in a report on Friday, March 21st. Citigroup initiated coverage on Visa in a report on Monday. They set a “buy” rating on the stock. Macquarie dropped their price target on Visa from $400.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Finally, Oppenheimer restated an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $367.48.

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.