Visa Inc. (NYSE:V) Stock Holdings Decreased by Yarbrough Capital LLC

Posted by Defense World Staff on Jun 26th, 2023

Yarbrough Capital LLC cut its stake in shares of Visa Inc. (NYSE:V – Get Rating) by 3.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,662 shares of the credit-card processor’s stock after selling 1,592 shares during the period. Visa comprises approximately 0.8% of Yarbrough Capital LLC’s holdings, making the stock its 25th largest position. Yarbrough Capital LLC’s holdings in Visa were worth $9,844,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in V. Global Wealth Strategies & Associates bought a new stake in Visa in the fourth quarter worth approximately $26,000. JDM Financial Group LLC bought a new stake in Visa in the fourth quarter worth approximately $29,000. McElhenny Sheffield Capital Management LLC bought a new stake in Visa in the fourth quarter worth approximately $31,000. Financial Freedom LLC acquired a new stake in shares of Visa in the fourth quarter worth $32,000. Finally, St. James Investment Advisors LLC lifted its stake in shares of Visa by 58.7% in the fourth quarter. St. James Investment Advisors LLC now owns 219 shares of the credit-card processor’s stock worth $45,000 after buying an additional 81 shares during the last quarter. 84.92% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Visa

In other news, Chairman Alfred F. Kelly, Jr. sold 7,500 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $232.87, for a total value of $1,746,525.00. Following the sale, the chairman now owns 154,854 shares of the company’s stock, valued at approximately $36,060,850.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Visa news, Chairman Alfred F. Kelly, Jr. sold 7,500 shares of the stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $232.87, for a total transaction of $1,746,525.00. Following the sale, the chairman now owns 154,854 shares of the company’s stock, valued at approximately $36,060,850.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lloyd Carney sold 1,288 shares of the stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $232.97, for a total transaction of $300,065.36. Following the sale, the director now directly owns 2,542 shares in the company, valued at approximately $592,209.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 116,277 shares of company stock valued at $27,018,374. 0.21% of the stock is owned by insiders.

Visa Trading Up 0.5 %

Shares of Visa stock opened at $229.55 on Monday. The firm has a market capitalization of $430.02 billion, a PE ratio of 30.69, a price-to-earnings-growth ratio of 1.76 and a beta of 0.97. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.50 and a quick ratio of 1.50. The company’s fifty day moving average price is $228.61 and its two-hundred day moving average price is $223.28. Visa Inc. has a 52-week low of $174.60 and a 52-week high of $235.57.

Visa (NYSE:V – Get Rating) last posted its earnings results on Tuesday, April 25th. The credit-card processor reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.12. Visa had a net margin of 50.95% and a return on equity of 50.21%. The business had revenue of $7.99 billion for the quarter, compared to analyst estimates of $7.79 billion. During the same quarter in the prior year, the firm earned $1.79 EPS. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, analysts expect that Visa Inc. will post 8.59 EPS for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Friday, May 12th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Thursday, May 11th. Visa’s payout ratio is 24.06%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Oppenheimer boosted their price objective on shares of Visa from $237.00 to $248.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 19th. StockNews.com assumed coverage on shares of Visa in a research note on Thursday, May 18th. They issued a “buy” rating for the company. Citigroup boosted their price objective on shares of Visa from $270.00 to $273.00 in a research note on Wednesday, April 26th. Truist Financial boosted their price objective on shares of Visa from $260.00 to $270.00 in a research note on Wednesday, April 26th. Finally, BMO Capital Markets boosted their price objective on shares of Visa from $253.00 to $263.00 in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $260.08.

About Visa

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Visa Inc operates as a payments technology company worldwide. 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, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; 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.