Visa Inc. $V Stock Position Trimmed by Yukon Wealth Management Inc.

Yukon Wealth Management Inc. decreased its position in Visa Inc. (NYSE:V) by 32.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,918 shares of the credit-card processor’s stock after selling 1,430 shares during the period. Yukon Wealth Management Inc.’s holdings in Visa were worth $1,036,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in V. Keystone Global Partners LLC acquired a new stake in Visa in the 1st quarter valued at approximately $26,000. von Borstel & Associates Inc. acquired a new stake in Visa in the 1st quarter valued at approximately $27,000. Family Legacy Financial Solutions LLC acquired a new stake in Visa in the 2nd quarter valued at approximately $28,000. Harbor Asset Planning Inc. acquired a new stake in Visa in the 2nd quarter valued at approximately $29,000. Finally, Cranbrook Wealth Management LLC increased its position in Visa by 82.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock valued at $32,000 after acquiring an additional 41 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Performance

Shares of NYSE V opened at $347.51 on Wednesday. The stock has a market capitalization of $636.92 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 2.06 and a beta of 0.90. The stock’s fifty day simple moving average is $344.99 and its 200 day simple moving average is $348.25. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. Visa Inc. has a 52-week low of $281.35 and a 52-week high of $375.51.

Visa (NYSE:V) last issued its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, topping the consensus estimate of $2.97 by $0.01. The business had revenue of $10.72 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.Visa’s revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.71 earnings per share. As a group, sell-side analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total value of $3,589,015.50. Following the completion of the sale, the chief executive officer owned 537 shares of the company’s stock, valued at $183,815.10. This trade represents a 95.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the sale, the general counsel directly owned 11,925 shares of the company’s stock, valued at approximately $4,102,438.50. This trade represents a 14.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Citigroup upgraded Visa to a “strong-buy” rating in a research report on Thursday, October 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Visa in a research note on Wednesday, October 8th. Morgan Stanley boosted their price objective on Visa from $386.00 to $402.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Erste Group Bank downgraded Visa from a “buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Visa in a research note on Thursday, July 17th. They issued a “buy” rating and a $410.00 price objective on the stock. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $392.75.

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.