Capital Management Associates NY Sells 300 Shares of Visa Inc. (NYSE:V)


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Capital Management Associates NY cut its holdings in Visa Inc. (NYSE:V) by 23.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 986 shares of the credit-card processor’s stock after selling 300 shares during the quarter. Capital Management Associates NY’s holdings in Visa were worth $216,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in V. Optas LLC raised its stake in Visa by 110.2% in the third quarter. Optas LLC now owns 3,759 shares of the credit-card processor’s stock valued at $752,000 after buying an additional 1,971 shares during the last quarter. Ritholtz Wealth Management raised its stake in shares of Visa by 15.8% in the third quarter. Ritholtz Wealth Management now owns 10,032 shares of the credit-card processor’s stock worth $2,006,000 after purchasing an additional 1,366 shares during the last quarter. Sitrin Capital Management LLC raised its stake in shares of Visa by 0.3% in the third quarter. Sitrin Capital Management LLC now owns 33,835 shares of the credit-card processor’s stock worth $6,816,000 after purchasing an additional 108 shares during the last quarter. WESPAC Advisors SoCal LLC raised its stake in shares of Visa by 9.4% in the third quarter. WESPAC Advisors SoCal LLC now owns 10,179 shares of the credit-card processor’s stock worth $2,103,000 after purchasing an additional 875 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its holdings in Visa by 7.1% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 133,110 shares of the credit-card processor’s stock worth $26,618,000 after acquiring an additional 8,867 shares during the period. Institutional investors own 80.50% of the company’s stock.

Shares of V traded up $1.99 during trading hours on Tuesday, hitting $210.31. The stock had a trading volume of 213,168 shares, compared to its average volume of 10,284,387. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.91 and a current ratio of 1.91. The firm has a market cap of $410.59 billion, a P/E ratio of 42.58, a P/E/G ratio of 3.80 and a beta of 0.96. The company’s fifty day simple moving average is $205.99 and its 200 day simple moving average is $204.63. Visa Inc. has a 12-month low of $133.93 and a 12-month high of $220.39.

Visa (NYSE:V) last issued its earnings results on Thursday, January 28th. The credit-card processor reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.14. Visa had a return on equity of 37.22% and a net margin of 49.74%. The business had revenue of $5.69 billion for the quarter, compared to analyst estimates of $5.52 billion. During the same period last year, the company posted $1.46 EPS. The business’s quarterly revenue was down 6.1% on a year-over-year basis. As a group, sell-side analysts predict that Visa Inc. will post 5.45 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 1st. Investors of record on Friday, February 12th will be paid a $0.32 dividend. The ex-dividend date is Thursday, February 11th. This represents a $1.28 dividend on an annualized basis and a yield of 0.61%. Visa’s dividend payout ratio (DPR) is 25.40%.

In other Visa news, President Ryan Mcinerney sold 11,193 shares of Visa stock in a transaction that occurred on Monday, February 8th. The stock was sold at an average price of $210.00, for a total value of $2,350,530.00. Following the completion of the transaction, the president now directly owns 11,193 shares in the company, valued at $2,350,530. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Rajat Taneja sold 60,048 shares of Visa stock in a transaction that occurred on Wednesday, December 30th. The shares were sold at an average price of $220.00, for a total value of $13,210,560.00. Following the completion of the transaction, the insider now owns 310,904 shares of the company’s stock, valued at $68,398,880. The disclosure for this sale can be found here. Insiders sold 82,398 shares of company stock valued at $17,896,223 over the last quarter. Insiders own 0.19% of the company’s stock.

V has been the topic of several research analyst reports. Seaport Global Securities initiated coverage on Visa in a report on Monday, December 7th. They issued a “buy” rating and a $250.00 price objective on the stock. Piper Sandler lifted their price objective on Visa from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on Visa from $220.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, January 14th. BMO Capital Markets reduced their target price on Visa from $210.00 to $204.00 and set an “outperform” rating on the stock in a research report on Thursday, October 29th. Finally, KeyCorp boosted their price objective on Visa from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, January 13th. Five investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $222.64.

Visa Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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