New Hampshire Trust Cuts Stock Holdings in Visa Inc. (NYSE:V)

New Hampshire Trust lowered its stake in shares of Visa Inc. (NYSE:V) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,678 shares of the credit-card processor’s stock after selling 280 shares during the period. New Hampshire Trust’s holdings in Visa were worth $3,248,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. BCK Partners Inc. acquired a new position in Visa during the 1st quarter worth $2,717,000. Markel Corp grew its holdings in Visa by 0.3% during the 1st quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock worth $213,144,000 after acquiring an additional 3,065 shares in the last quarter. AMI Investment Management Inc. acquired a new position in Visa during the 1st quarter worth $2,323,000. Ergoteles LLC acquired a new position in Visa during the 1st quarter worth $538,000. Finally, XTX Topco Ltd acquired a new position in Visa during the 1st quarter worth $1,496,000. Hedge funds and other institutional investors own 81.35% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on V. Royal Bank of Canada raised their price objective on shares of Visa from $265.00 to $290.00 in a report on Wednesday, July 26th. Wedbush reissued an “outperform” rating and set a $270.00 price objective on shares of Visa in a report on Thursday, August 31st. Barclays lifted their price target on shares of Visa from $272.00 to $287.00 and gave the company an “overweight” rating in a report on Monday, July 24th. Raymond James lifted their price target on shares of Visa from $282.00 to $284.00 and gave the company an “outperform” rating in a report on Wednesday, July 26th. Finally, StockNews.com began coverage on shares of Visa in a report on Thursday, August 17th. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $273.77.

Visa Stock Up 1.5 %

V stock opened at $244.64 on Tuesday. Visa Inc. has a 52 week low of $174.60 and a 52 week high of $250.06. The company has a market capitalization of $455.48 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 1.81 and a beta of 0.95. The firm’s 50-day moving average is $241.67 and its two-hundred day moving average is $232.37. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, July 25th. The credit-card processor reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.05. Visa had a net margin of 51.94% and a return on equity of 49.42%. The company had revenue of $8.12 billion for the quarter, compared to the consensus estimate of $8.06 billion. During the same period in the previous year, the firm earned $1.98 EPS. Visa’s revenue was up 11.7% on a year-over-year basis. On average, analysts forecast that Visa Inc. will post 8.65 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were issued a $0.45 dividend. The ex-dividend date was Thursday, August 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.74%. Visa’s payout ratio is currently 22.84%.

Insider Buying and Selling

In related news, insider Rajat Taneja sold 15,800 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $250.01, for a total value of $3,950,158.00. Following the sale, the insider now directly owns 232,112 shares in the company, valued at approximately $58,030,321.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Rajat Taneja sold 15,800 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $250.01, for a total value of $3,950,158.00. Following the sale, the insider now directly owns 232,112 shares in the company, valued at approximately $58,030,321.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $247.47, for a total transaction of $2,016,880.50. The disclosure for this sale can be found here. Insiders have sold 81,550 shares of company stock worth $19,795,806 in the last ninety days. 0.21% of the stock is currently owned by corporate insiders.

Visa Profile

Visa Inc operates as a payments technology company worldwide. 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, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; 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.