Visa Inc. $V Shares Sold by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp trimmed its stake in shares of Visa Inc. (NYSE:V) by 13.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 66,232 shares of the credit-card processor’s stock after selling 10,717 shares during the period. Visa accounts for 1.1% of UNIVEST FINANCIAL Corp’s portfolio, making the stock its 18th largest holding. UNIVEST FINANCIAL Corp’s holdings in Visa were worth $23,799,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. XXEC Inc. boosted its holdings in shares of Visa by 153,118.8% during the 2nd quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock valued at $63,904,097,000 after purchasing an additional 186,138,883 shares during the last quarter. State Street Corp increased its holdings in shares of Visa by 0.7% in the second quarter. State Street Corp now owns 82,872,209 shares of the credit-card processor’s stock worth $28,432,626,000 after purchasing an additional 566,194 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Visa by 13.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,720,068 shares of the credit-card processor’s stock worth $5,393,398,000 after buying an additional 1,808,496 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Visa by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 8,842,842 shares of the credit-card processor’s stock worth $2,672,655,000 after buying an additional 316,559 shares in the last quarter. Finally, Amundi lifted its position in shares of Visa by 16.5% in the second quarter. Amundi now owns 7,714,919 shares of the credit-card processor’s stock worth $2,646,911,000 after buying an additional 1,092,315 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Up 0.6%

Shares of NYSE:V opened at $425.56 on Thursday. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $442.23. The business has a 50 day simple moving average of $388.61 and a two-hundred day simple moving average of $346.16. The firm has a market capitalization of $759.37 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 1.80 and a beta of 0.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.97.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.04. Visa had a return on equity of 70.50% and a net margin of 51.20%. The firm had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.09 billion. During the same period in the prior year, the business posted $2.98 earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, equities analysts predict that Visa Inc. will post 15.02 EPS for the current year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 10th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, November 10th. This is a positive change from Visa’s previous quarterly dividend of $0.67. Visa’s dividend payout ratio (DPR) is 25.30%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wolfe Research reissued an “outperform” rating and set a $460.00 price target (up from $435.00) on shares of Visa in a research note on Tuesday, August 25th. Bank of America lifted their price objective on Visa from $410.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $500.00 price objective (up from $445.00) on shares of Visa in a report on Wednesday, October 28th. Susquehanna set a $480.00 target price on Visa and gave the company a “positive” rating in a research report on Monday, October 26th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $466.00 target price on shares of Visa in a research report on Wednesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating and thirty-five have given a Buy rating to the stock. According to MarketBeat.com, Visa presently has a consensus rating of “Buy” and a consensus target price of $443.35.

Insider Transactions at Visa

In other Visa news, General Counsel Julie Rottenberg sold 1,867 shares of the business’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $423.00, for a total value of $789,741.00. Following the completion of the sale, the general counsel directly owned 18,404 shares of the company’s stock, valued at $7,784,892. The trade was a 9.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 5,875 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $416.22, for a total transaction of $2,445,292.50. Following the completion of the transaction, the chief executive officer owned 15,174 shares in the company, valued at $6,315,722.28. This represents a 27.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 29,262 shares of company stock valued at $11,195,791 in the last quarter. 0.12% of the stock is currently owned by company insiders.

Visa Profile

Visa Inc. operates a global payments network that connects consumers, merchants, financial institutions and governments. Its network supports the authorization, clearing and settlement of electronic payments, including transactions made in person and online. The company’s services include payment processing, fraud prevention, identity and risk management, and money-transfer solutions such as Visa Direct. Visa-branded credit, debit and prepaid cards are issued by participating financial institutions; Visa generally provides the network and related services rather than issuing cards or extending credit directly to consumers.