Visa Inc. (NYSE:V) Shares Sold by Infusive Asset Management Inc.

Infusive Asset Management Inc. lowered its position in Visa Inc. (NYSE:V - Free Report) by 25.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,831 shares of the credit-card processor's stock after selling 9,288 shares during the quarter. Visa comprises approximately 3.9% of Infusive Asset Management Inc.'s investment portfolio, making the stock its 9th biggest holding. Infusive Asset Management Inc.'s holdings in Visa were worth $8,796,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Decker Retirement Planning Inc. bought a new stake in Visa during the fourth quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Visa during the 4th quarter valued at $27,000. POM Investment Strategies LLC raised its stake in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after buying an additional 32 shares in the last quarter. Modus Advisors LLC acquired a new stake in shares of Visa in the fourth quarter valued at $32,000. Finally, Compass Planning Associates Inc bought a new position in Visa during the fourth quarter valued at about $32,000. Institutional investors own 82.15% of the company's stock.

Insider Activity

In related news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the transaction, the insider now owns 26,413 shares of the company's stock, valued at $8,991,249.33. This represents a 59.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the completion of the sale, the chief executive officer now directly owns 537 shares in the company, valued at approximately $188,186.28. The trade was a 94.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 143,205 shares of company stock valued at $48,842,490 over the last 90 days. 0.13% of the stock is currently owned by company insiders.

Visa Stock Down 0.6 %

Shares of NYSE V traded down $2.07 during trading hours on Friday, hitting $329.26. The stock had a trading volume of 5,640,095 shares, compared to its average volume of 7,224,873. The company has a market capitalization of $611.69 billion, a P/E ratio of 33.19, a P/E/G ratio of 2.33 and a beta of 0.94. The firm's 50-day moving average price is $340.68 and its two-hundred day moving average price is $320.74. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio is 23.79%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on V shares. Susquehanna reissued a "positive" rating on shares of Visa in a report on Friday, March 21st. Citigroup reissued a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. Raymond James restated an "outperform" rating and issued a $393.00 price target (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. StockNews.com downgraded Visa from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, Wells Fargo & Company lifted their target price on Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Visa presently has an average rating of "Moderate Buy" and a consensus target price of $355.84.

Visa Company 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.