Visa Inc. $V Shares Sold by C WorldWide Group Holding A S

C WorldWide Group Holding A S lowered its position in Visa Inc. (NYSE:V) by 14.9% during the second quarter, HoldingsChannel reports. The firm owned 1,880,185 shares of the credit-card processor’s stock after selling 330,259 shares during the period. Visa comprises 9.0% of C WorldWide Group Holding A S’s holdings, making the stock its biggest position. C WorldWide Group Holding A S’s holdings in Visa were worth $667,560,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of V. Waverton Investment Management Ltd raised its position in shares of Visa by 2.1% in the second quarter. Waverton Investment Management Ltd now owns 925,413 shares of the credit-card processor’s stock valued at $328,341,000 after buying an additional 18,675 shares during the last quarter. Sienna Gestion boosted its position in Visa by 11.0% during the second quarter. Sienna Gestion now owns 34,969 shares of the credit-card processor’s stock worth $11,335,000 after acquiring an additional 3,476 shares during the last quarter. Andra AP fonden grew its stake in Visa by 137.0% during the 2nd quarter. Andra AP fonden now owns 82,341 shares of the credit-card processor’s stock valued at $29,235,000 after acquiring an additional 47,600 shares in the last quarter. Horan Securities Inc. grew its stake in Visa by 19.3% during the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the credit-card processor’s stock valued at $537,000 after acquiring an additional 244 shares in the last quarter. Finally, Ethos Financial Group LLC raised its holdings in Visa by 13.8% in the 2nd quarter. Ethos Financial Group LLC now owns 8,175 shares of the credit-card processor’s stock valued at $2,903,000 after acquiring an additional 990 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on V. Citigroup upgraded Visa to a “strong-buy” rating in a report on Thursday, October 23rd. Macquarie lowered their price objective on Visa from $425.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Erste Group Bank downgraded Visa from a “buy” rating to a “hold” rating in a research note on Monday, September 22nd. Wells Fargo & Company raised shares of Visa to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Robert W. Baird set a $425.00 price objective on shares of Visa in a research report on Wednesday, October 29th. Four analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average target price of $400.00.

Visa Stock Performance

NYSE V opened at $336.63 on Friday. The stock has a fifty day simple moving average of $343.84 and a 200-day simple moving average of $348.51. The company has a current ratio of 1.08, a quick ratio of 1.12 and a debt-to-equity ratio of 0.53. The stock has a market cap of $616.97 billion, a PE ratio of 32.97, a P/E/G ratio of 2.06 and a beta of 0.87. Visa Inc. has a twelve month low of $299.00 and a twelve month high of $375.51.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.01. The firm had revenue of $10.72 billion for the quarter, compared to analyst estimates of $10.60 billion. Visa had a net margin of 50.15% and a return on equity of 60.31%. Visa’s revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.71 EPS. Equities analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be issued a $0.67 dividend. This is a boost from Visa’s previous quarterly dividend of $0.59. The ex-dividend date is Wednesday, November 12th. This represents a $2.68 annualized dividend and a yield of 0.8%. Visa’s payout ratio is 23.11%.

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 Monday, November 3rd. The stock was sold at an average price of $341.00, for a total transaction of $3,575,385.00. Following the transaction, the chief executive officer directly owned 537 shares in the company, valued at $183,117. This represents a 95.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lloyd Carney sold 900 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $336.48, for a total value of $302,832.00. Following the transaction, the director owned 2,468 shares of the company’s stock, valued at approximately $830,432.64. This represents a 26.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,897 shares of company stock valued at $8,164,561 over the last quarter. 0.13% of the stock is owned by company insiders.

About Visa

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.