Visa Inc. (NYSE:V) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC cut its holdings in Visa Inc. (NYSE:V - Free Report) by 2.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 202,550 shares of the credit-card processor's stock after selling 4,232 shares during the period. Gabelli Funds LLC's holdings in Visa were worth $64,014,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Riverstone Advisors LLC bought a new stake in shares of Visa in the 4th quarter valued at $217,000. Journey Strategic Wealth LLC increased its holdings in Visa by 16.4% in the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock worth $3,058,000 after purchasing an additional 1,361 shares in the last quarter. King Wealth Management Group increased its stake in shares of Visa by 9.0% in the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock valued at $23,663,000 after acquiring an additional 6,172 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new position in Visa in the 4th quarter valued at about $10,163,000. Finally, Copley Financial Group Inc. bought a new position in shares of Visa in the third quarter valued at approximately $616,000. 82.15% of the stock is owned by institutional investors.

Visa Price Performance

Shares of V stock traded down $2.07 on Friday, hitting $329.26. 5,640,095 shares of the stock traded hands, compared to its average volume of 7,231,438. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a 50 day simple moving average of $341.11 and a two-hundred day simple moving average of $320.08. The firm has a market cap of $611.69 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 2.33 and a beta of 0.94. 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 for the quarter, beating 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%. As a group, equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

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

Wall Street Analysts Forecast Growth

V has been the topic of several recent analyst reports. UBS Group lifted their target price on shares of Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. William Blair reissued an "outperform" rating on shares of Visa in a report on Friday, January 31st. Seaport Res Ptn raised shares of Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Wells Fargo & Company increased their target price on shares of Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, StockNews.com downgraded Visa from a "buy" rating to a "hold" rating in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $355.84.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the sale, the insider now directly owns 26,413 shares in the company, valued at approximately $8,991,249.33. This trade represents a 59.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $2,930,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,205 shares of company stock valued at $48,842,490. Insiders own 0.13% of the company's stock.

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.