Visa Inc. $V is Capital City Trust Co. FL’s 10th Largest Position

Capital City Trust Co. FL decreased its position in Visa Inc. (NYSE:V) by 0.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,874 shares of the credit-card processor’s stock after selling 150 shares during the period. Visa accounts for about 2.3% of Capital City Trust Co. FL’s investment portfolio, making the stock its 10th biggest position. Capital City Trust Co. FL’s holdings in Visa were worth $8,832,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Keystone Global Partners LLC purchased a new stake in shares of Visa in the first quarter valued at approximately $26,000. von Borstel & Associates Inc. bought a new position in Visa in the first quarter worth approximately $27,000. Family Legacy Financial Solutions LLC bought a new position in Visa in the second quarter worth approximately $28,000. Cranbrook Wealth Management LLC raised its stake in Visa by 82.0% in the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock worth $32,000 after buying an additional 41 shares in the last quarter. Finally, 1 North Wealth Services LLC bought a new position in Visa in the first quarter worth approximately $38,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total value of $3,589,015.50. Following the sale, the chief executive officer directly owned 537 shares of the company’s stock, valued at approximately $183,815.10. 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 can be accessed through this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the sale, the general counsel directly owned 11,925 shares in the company, valued at approximately $4,102,438.50. The trade was a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Visa Price Performance

Shares of V opened at $351.96 on Wednesday. The firm has a market capitalization of $645.06 billion, a PE ratio of 34.37, a price-to-earnings-growth ratio of 2.07 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 1-year low of $274.01 and a 1-year high of $375.51. The company’s fifty day moving average price is $343.65 and its 200-day moving average price is $346.93.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.13. The firm had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.42 earnings per share. On average, equities research analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Visa’s payout ratio is 23.05%.

Analyst Ratings Changes

A number of equities analysts recently commented on V shares. Raymond James Financial reissued an “outperform” rating on shares of Visa in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Visa in a research note on Thursday, July 17th. They issued a “buy” rating and a $410.00 price objective for the company. Robert W. Baird set a $410.00 price target on Visa and gave the stock an “outperform” rating in a research report on Monday. Erste Group Bank downgraded Visa from a “buy” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, Truist Financial reduced their price target on Visa from $400.00 to $397.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $389.00.

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.