Visa Inc. (NYSE:V) Stock Position Lowered by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in Visa Inc. (NYSE:V) by 3.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 215,551 shares of the credit-card processor’s stock after selling 7,042 shares during the quarter. Visa makes up approximately 0.9% of Mutual of America Capital Management LLC’s portfolio, making the stock its 14th largest position. Mutual of America Capital Management LLC’s holdings in Visa were worth $75,542,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in V. von Borstel & Associates Inc. bought a new position in shares of Visa during the 1st quarter worth approximately $27,000. Measured Risk Portfolios Inc. acquired a new stake in Visa in the fourth quarter worth $47,000. O Brien Wealth Partners LLC acquired a new position in shares of Visa in the 1st quarter valued at approximately $54,000. Global X Japan Co. Ltd. acquired a new stake in shares of Visa in the 1st quarter valued at about $56,000. Finally, Cedar Mountain Advisors LLC lifted its position in shares of Visa by 28.5% in the first quarter. Cedar Mountain Advisors LLC now owns 167 shares of the credit-card processor’s stock worth $59,000 after purchasing an additional 37 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,630 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer directly owned 537 shares in the company, valued at $190,001.34. This trade represents a 94.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Paul D. Fabara sold 46,214 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the completion of the transaction, the insider directly owned 26,413 shares in the company, valued at approximately $9,772,810. The trade was a 63.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,100 shares of company stock valued at $27,643,224 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Visa Stock Performance

NYSE:V opened at $339.68 on Thursday. The company has a market capitalization of $626.76 billion, a price-to-earnings ratio of 33.17, a PEG ratio of 2.25 and a beta of 0.94. The business has a 50 day moving average of $353.98 and a 200 day moving average of $346.79. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 1-year low of $256.31 and a 1-year high of $375.51.

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

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, August 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Visa’s dividend payout ratio (DPR) is presently 23.05%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Raymond James Financial reaffirmed an “outperform” rating on shares of Visa in a report on Wednesday, July 30th. Oppenheimer lifted their price target on shares of Visa from $390.00 to $391.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Barclays restated an “overweight” rating and issued a $408.00 price objective (up from $396.00) on shares of Visa in a report on Thursday, July 31st. The Goldman Sachs Group assumed coverage on Visa in a report on Monday, June 2nd. They set a “neutral” rating for the company. Finally, Jefferies Financial Group upped their price target on Visa from $400.00 to $410.00 and gave the stock a “buy” rating in a research note on Tuesday, May 27th. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $380.84.

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.