American Trust Sells 729 Shares of Visa Inc. (NYSE:V)

American Trust decreased its stake in Visa Inc. (NYSE:V) by 3.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,159 shares of the credit-card processor’s stock after selling 729 shares during the quarter. Visa makes up 0.5% of American Trust’s portfolio, making the stock its 29th biggest holding. American Trust’s holdings in Visa were worth $5,905,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in V. OMC Financial Services LTD bought a new stake in Visa during the 1st quarter valued at approximately $15,664,000. EverSource Wealth Advisors LLC increased its stake in Visa by 0.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 12,346 shares of the credit-card processor’s stock worth $3,316,000 after acquiring an additional 67 shares during the last quarter. Clear Rock Advisors LLC increased its stake in Visa by 1.4% in the 1st quarter. Clear Rock Advisors LLC now owns 12,608 shares of the credit-card processor’s stock worth $3,519,000 after acquiring an additional 176 shares during the last quarter. Objective Capital Management LLC bought a new stake in Visa in the 1st quarter worth approximately $273,000. Finally, DekaBank Deutsche Girozentrale increased its stake in Visa by 5.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,895,040 shares of the credit-card processor’s stock worth $529,258,000 after acquiring an additional 91,316 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the transaction, the insider now owns 17,894 shares in the company, valued at $4,959,322.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Evercore ISI dropped their target price on Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Morgan Stanley dropped their target price on Visa from $326.00 to $322.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Piper Sandler dropped their target price on Visa from $322.00 to $319.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Oppenheimer lifted their target price on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Robert W. Baird boosted their price objective on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Seven investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $307.25.

Visa Stock Performance

Visa stock traded up $0.65 during trading hours on Friday, hitting $266.58. 7,017,857 shares of the stock traded hands, compared to its average volume of 7,476,283. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37. The firm’s 50 day moving average price is $268.91 and its 200-day moving average price is $274.31. The stock has a market capitalization of $487.56 billion, a price-to-earnings ratio of 29.79, a P/E/G ratio of 1.88 and a beta of 0.95. Visa Inc. has a 1 year low of $227.78 and a 1 year high of $290.96.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, meeting the consensus estimate of $2.42. Visa had a return on equity of 51.94% and a net margin of 54.72%. The business had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.92 billion. During the same quarter in the previous year, the business earned $2.16 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, equities analysts expect that Visa Inc. will post 9.91 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th will be paid a $0.52 dividend. The ex-dividend date is Friday, August 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.78%. Visa’s payout ratio is 23.24%.

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.