Visa Inc. $V Shares Sold by Dudley & Shanley Inc.

Dudley & Shanley Inc. lessened its holdings in shares of Visa Inc. (NYSE:V) by 0.0% in the second quarter, HoldingsChannel reports. The fund owned 97,211 shares of the credit-card processor’s stock after selling 35 shares during the period. Visa makes up about 5.4% of Dudley & Shanley Inc.’s portfolio, making the stock its 3rd largest holding. Dudley & Shanley Inc.’s holdings in Visa were worth $34,515,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Keystone Global Partners LLC acquired a new stake in shares of Visa in the first quarter valued at $26,000. von Borstel & Associates Inc. acquired a new stake in shares of Visa in the first quarter valued at $27,000. 1 North Wealth Services LLC acquired a new stake in shares of Visa in the first quarter valued at $38,000. Anderson Financial Strategies LLC acquired a new stake in shares of Visa in the first quarter valued at $53,000. Finally, O Brien Wealth Partners LLC acquired a new stake in shares of Visa in the first quarter valued at $54,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Down 0.1%

Shares of Visa stock opened at $338.96 on Tuesday. The stock has a 50-day moving average price of $346.67 and a 200 day moving average price of $346.69. The company has a market cap of $621.24 billion, a P/E ratio of 33.10, a P/E/G ratio of 2.26 and a beta of 0.92. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. Visa Inc. has a 1 year low of $268.23 and a 1 year high of $375.51.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.13. The firm had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.42 EPS. As a group, analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa’s dividend payout ratio is currently 23.05%.

Insider Activity

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction dated 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 represents a 14.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of the company’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the transaction, the chief executive officer directly owned 537 shares in the company, valued at approximately $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

V has been the subject of several analyst reports. UBS Group reaffirmed a “buy” rating and set a $415.00 target price (up from $405.00) on shares of Visa in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Visa in a research note on Thursday, July 17th. They set a “buy” rating and a $410.00 price objective for the company. Raymond James Financial reaffirmed an “outperform” rating on shares of Visa in a research note on Wednesday, July 30th. Oppenheimer upped their price objective on shares of Visa from $390.00 to $391.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Finally, The Goldman Sachs Group assumed coverage on shares of Visa in a research note on Monday, June 2nd. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average target price of $385.96.

About Visa

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.