Visa Inc. (NYSE:V) Shares Sold by Overbrook Management Corp

Overbrook Management Corp cut its stake in Visa Inc. (NYSE:V) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,853 shares of the credit-card processor’s stock after selling 1,408 shares during the period. Visa accounts for 3.9% of Overbrook Management Corp’s portfolio, making the stock its 11th largest position. Overbrook Management Corp’s holdings in Visa were worth $19,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the stock. GoalVest Advisory LLC grew its holdings in shares of Visa by 3.4% during the 4th quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock worth $317,000 after purchasing an additional 40 shares in the last quarter. Destiny Wealth Partners LLC grew its holdings in shares of Visa by 2.5% during the 4th quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock worth $433,000 after purchasing an additional 40 shares in the last quarter. Sunflower Bank N.A. grew its holdings in shares of Visa by 1.3% during the 4th quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock worth $818,000 after purchasing an additional 41 shares in the last quarter. Parker Financial LLC grew its holdings in shares of Visa by 4.8% during the 4th quarter. Parker Financial LLC now owns 925 shares of the credit-card processor’s stock worth $241,000 after purchasing an additional 42 shares in the last quarter. Finally, Patron Partners LLC grew its holdings in shares of Visa by 1.0% during the 4th quarter. Patron Partners LLC now owns 4,295 shares of the credit-card processor’s stock worth $1,118,000 after purchasing an additional 42 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on V shares. TD Cowen started coverage on Visa in a research note on Thursday, April 11th. They issued a “buy” rating and a $320.00 price objective on the stock. Redburn Atlantic reaffirmed a “neutral” rating and issued a $307.00 price objective on shares of Visa in a research note on Wednesday, March 27th. KeyCorp raised their price objective on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, January 8th. William Blair reiterated an “outperform” rating on shares of Visa in a research report on Wednesday. Finally, Mizuho reiterated a “neutral” rating and issued a $265.00 target price 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 have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $302.58.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders have sold a total of 18,965 shares of company stock valued at $5,256,352 over the last 90 days. Insiders own 0.19% of the company’s stock.

Visa Stock Down 0.2 %

Visa stock traded down $0.58 during mid-day trading on Friday, reaching $274.58. The stock had a trading volume of 6,840,359 shares, compared to its average volume of 5,951,953. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.45 and a current ratio of 1.40. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The stock’s 50-day simple moving average is $279.24 and its 200-day simple moving average is $264.33. The firm has a market capitalization of $504.27 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.08. The company had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. Visa’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.09 earnings per share. On average, sell-side analysts forecast that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. Visa’s payout ratio is 23.24%.

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.