Visa Inc. (NYSE:V) Shares Sold by AKO Capital LLP

AKO Capital LLP lowered its position in Visa Inc. (NYSE:V - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,757,145 shares of the credit-card processor's stock after selling 33,630 shares during the period. Visa makes up approximately 7.7% of AKO Capital LLP's investment portfolio, making the stock its biggest holding. AKO Capital LLP owned approximately 0.09% of Visa worth $555,328,000 at the end of the most recent quarter.

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

Insider Activity

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the company's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the sale, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. This represents a 47.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Insiders sold 143,205 shares of company stock valued at $48,560,961 in the last quarter. 0.13% of the stock is currently owned by insiders.

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Visa Price Performance

V traded down $7.24 on Friday, reaching $342.62. The company had a trading volume of 5,686,669 shares, compared to its average volume of 7,140,541. The business has a 50 day simple moving average of $343.60 and a 200 day simple moving average of $315.27. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market cap of $636.51 billion, a price-to-earnings ratio of 34.54, a P/E/G ratio of 2.33 and a beta of 0.95. 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 posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, sell-side analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is presently 23.79%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on V. Oppenheimer reiterated an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Bank of America boosted their price target on Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. StockNews.com raised Visa from a "hold" rating to a "buy" rating in a report on Friday. Citigroup reaffirmed a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. Finally, Seaport Res Ptn raised Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Visa presently has a consensus rating of "Moderate Buy" and a consensus target price of $355.84.

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.