KCM Investment Advisors LLC Sells 2,117 Shares of Visa Inc. $V

KCM Investment Advisors LLC lessened its holdings in shares of Visa Inc. (NYSE:VFree Report) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 151,682 shares of the credit-card processor’s stock after selling 2,117 shares during the period. Visa accounts for about 1.7% of KCM Investment Advisors LLC’s investment portfolio, making the stock its 13th largest holding. KCM Investment Advisors LLC’s holdings in Visa were worth $53,196,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Clayton Financial Group LLC boosted its position in shares of Visa by 446.2% during the 4th quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock valued at $25,000 after acquiring an additional 58 shares during the last quarter. PayPay Securities Corp boosted its position in shares of Visa by 102.7% during the 4th quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock valued at $26,000 after acquiring an additional 38 shares during the last quarter. Cresta Advisors Ltd. bought a new stake in shares of Visa during the 4th quarter valued at about $26,000. Parvin Asset Management LLC boosted its position in shares of Visa by 200.0% during the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after acquiring an additional 50 shares during the last quarter. Finally, Dorato Capital Management bought a new stake in shares of Visa during the 4th quarter valued at about $30,000. Institutional investors own 82.15% of the company’s stock.

Visa Price Performance

Shares of Visa stock opened at $321.98 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09. The business’s 50 day simple moving average is $318.69 and its two-hundred day simple moving average is $324.40. The stock has a market capitalization of $577.55 billion, a P/E ratio of 28.05, a price-to-earnings-growth ratio of 1.72 and a beta of 0.77. Visa Inc. has a one year low of $293.89 and a one year high of $363.01.

Visa (NYSE:VGet Free Report) last posted its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.21. Visa had a return on equity of 65.00% and a net margin of 51.68%.The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.75 billion. During the same period in the previous year, the firm earned $2.76 earnings per share. The business’s revenue was up 17.1% compared to the same quarter last year. Analysts forecast that Visa Inc. will post 13.09 EPS for the current year.

Visa announced that its board has authorized a stock buyback plan on Tuesday, April 28th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the credit-card processor to purchase up to 3.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. Visa’s payout ratio is 23.34%.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 31,455 shares of Visa stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total transaction of $10,699,103.70. Following the sale, the chief executive officer directly owned 15,174 shares in the company, valued at $5,161,284.36. The trade was a 67.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of Visa stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total value of $3,455,653.59. Following the sale, the chief financial officer owned 9,872 shares in the company, valued at $3,206,524.32. This represents a 51.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

V has been the topic of a number of research reports. Freedom Capital raised Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Loop Capital initiated coverage on Visa in a report on Tuesday, March 31st. They set a “buy” rating and a $387.00 price objective on the stock. Oppenheimer reissued an “outperform” rating and set a $403.00 price objective (up from $391.00) on shares of Visa in a report on Wednesday, April 29th. Morgan Stanley reissued an “overweight” rating and set a $415.00 price objective on shares of Visa in a report on Wednesday, April 29th. Finally, Citigroup decreased their price objective on Visa from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Six equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Visa currently has a consensus rating of “Buy” and an average price target of $387.78.

Check Out Our Latest Analysis on Visa

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Visa Profile

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

See Also

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Institutional Ownership by Quarter for Visa (NYSE:V)

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