Makena Capital Management LLC Has $11.83 Million Holdings in Visa Inc. (NYSE:V)

Makena Capital Management LLC decreased its position in shares of Visa Inc. (NYSE:V - Free Report) by 30.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,010 shares of the credit-card processor's stock after selling 18,515 shares during the quarter. Visa makes up approximately 2.8% of Makena Capital Management LLC's portfolio, making the stock its 13th biggest position. Makena Capital Management LLC's holdings in Visa were worth $11,826,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Peterson Financial Group Inc. acquired a new position in shares of Visa during the third quarter worth $26,000. POM Investment Strategies LLC raised its position in Visa by 970.0% during the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor's stock worth $28,000 after purchasing an additional 97 shares during the last quarter. Reston Wealth Management LLC acquired a new position in Visa during the 3rd quarter worth about $31,000. TruNorth Capital Management LLC grew its position in shares of Visa by 211.9% in the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor's stock valued at $34,000 after buying an additional 89 shares during the last quarter. Finally, Abich Financial Wealth Management LLC increased its stake in shares of Visa by 52.9% in the first quarter. Abich Financial Wealth Management LLC now owns 133 shares of the credit-card processor's stock valued at $37,000 after buying an additional 46 shares during the period. Institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $148,687.06. This trade represents a 94.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.19% of the company's stock.

Visa Stock Performance

NYSE:V opened at $307.39 on Thursday. The company has a market capitalization of $560.16 billion, a P/E ratio of 31.59, a P/E/G ratio of 2.09 and a beta of 0.95. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. Visa Inc. has a 1 year low of $250.03 and a 1 year high of $312.44. The business has a fifty day simple moving average of $288.57 and a two-hundred day simple moving average of $276.84.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the prior year, the firm earned $2.33 earnings per share. Visa's revenue for the quarter was up 11.7% on a year-over-year basis. On average, analysts expect that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Tuesday, November 12th. This is a positive change from Visa's previous quarterly dividend of $0.52. Visa's dividend payout ratio is 24.25%.

Wall Street Analysts Forecast Growth

V has been the topic of several analyst reports. StockNews.com upgraded Visa from a "hold" rating to a "buy" rating in a report on Friday, August 9th. Keefe, Bruyette & Woods upgraded shares of Visa from a "moderate buy" rating to a "strong-buy" rating in a report on Tuesday, September 24th. Piper Sandler boosted their price objective on Visa from $319.00 to $322.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Monness Crespi & Hardt reiterated a "neutral" rating on shares of Visa in a report on Tuesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Visa from $300.00 to $340.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $321.74.

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.

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