Whittier Trust Co. grew its stake in Visa Inc. (NYSE:V – Free Report) by 3.6% in the first quarter, HoldingsChannel.com reports. The fund owned 451,573 shares of the credit-card processor’s stock after acquiring an additional 15,593 shares during the period. Visa makes up 1.5% of Whittier Trust Co.’s investment portfolio, making the stock its 13th largest position. Whittier Trust Co.’s holdings in Visa were worth $136,976,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Clayton Financial Group LLC grew its holdings in Visa by 446.2% during the fourth quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock valued at $25,000 after purchasing an additional 58 shares during the period. PayPay Securities Corp raised its holdings in Visa by 102.7% in the fourth quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock worth $26,000 after purchasing an additional 38 shares during the period. Cresta Advisors Ltd. acquired a new stake in Visa in the fourth quarter worth $26,000. Parvin Asset Management LLC boosted its position in shares of Visa by 200.0% during the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after purchasing an additional 50 shares in the last quarter. Finally, Dorato Capital Management bought a new position in shares of Visa during the fourth quarter worth $30,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Visa
In other news, CEO Ryan Mcinerney sold 10,490 shares of Visa stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $343.99, for a total value of $3,608,455.10. Following the sale, the chief executive officer directly owned 15,174 shares in the company, valued at $5,219,704.26. This trade represents a 40.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the completion of the sale, the chief financial officer directly owned 9,872 shares in the company, valued at approximately $3,206,524.32. This represents a 51.87% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 75,581 shares of company stock worth $25,627,975. Corporate insiders own 0.12% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Stock Report on Visa
Visa Stock Down 1.1%
V traded down $3.86 during trading on Tuesday, hitting $353.39. The company had a trading volume of 2,724,518 shares, compared to its average volume of 8,043,930. The company has a market capitalization of $633.89 billion, a PE ratio of 30.82, a PEG ratio of 1.93 and a beta of 0.75. Visa Inc. has a one year low of $293.89 and a one year high of $365.02. The firm’s 50-day moving average price is $327.17 and its 200 day moving average price is $324.74. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.64.
Visa (NYSE:V – Get Free Report) last announced its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.21. The firm had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.76 EPS. As a group, equities analysts expect that Visa Inc. will post 13.1 earnings per share for the current year.
Visa announced that its board has initiated a share repurchase plan on Tuesday, April 28th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the credit-card processor to buy up to 3.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
Visa Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 12th. Visa’s dividend payout ratio (DPR) is currently 23.34%.
Key Visa News
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Visa’s stablecoin analytics showed record June adjusted transaction volume of $1.79 trillion, reinforcing the company’s growing role in digital payments and blockchain-based settlement activity. Stablecoin transaction volume hits record $1.79T in June
- Positive Sentiment: Juniper Research said network tokenisation could secure 2.4 trillion transactions from 2026 to 2030, highlighting a long-term growth tailwind for Visa’s fraud-reduction and payment-security services. Network Tokenisation to Secure 2.4 Trillion Global Transactions Between 2026 and 2030
- Positive Sentiment: Zacks published a bullish view that Visa is poised to beat earnings estimates again, which can help sentiment ahead of the next report. Why Visa (V) is Poised to Beat Earnings Estimates Again
- Positive Sentiment: Another Zacks note called Visa a top long-term stock, reinforcing the bullish case that the company remains a durable compounder. Why Visa (V) is a Top Stock for the Long-Term
- Neutral Sentiment: A Seeking Alpha article said Visa is fundamentally robust but suggested waiting for a better entry point, which is constructive but not a near-term catalyst. Visa Is Fundamentally Robust, But I’ll Wait For Better Entry Points
- Negative Sentiment: Visa General Counsel Julie B. Rottenberg sold 2,027 shares under a pre-arranged 10b5-1 plan, which may slightly pressure sentiment even though the trade was routine and disclosed. Visa stock news
About Visa
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.
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