Amica Mutual Insurance Co. Sells 1,369 Shares of Visa Inc. (NYSE:V)

Amica Mutual Insurance Co. lessened its holdings in shares of Visa Inc. (NYSE:V) by 2.6% during the fourth quarter, Holdings Channel reports. The firm owned 52,191 shares of the credit-card processor’s stock after selling 1,369 shares during the quarter. Visa makes up about 1.5% of Amica Mutual Insurance Co.’s investment portfolio, making the stock its 13th biggest position. Amica Mutual Insurance Co.’s holdings in Visa were worth $13,588,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Trifecta Capital Advisors LLC grew its holdings in shares of Visa by 2.7% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock worth $4,641,000 after acquiring an additional 536 shares during the period. Welch Group LLC lifted its position in Visa by 2.1% during the third quarter. Welch Group LLC now owns 24,050 shares of the credit-card processor’s stock valued at $5,532,000 after purchasing an additional 485 shares in the last quarter. Opal Wealth Advisors LLC raised its stake in Visa by 3.8% during the 3rd quarter. Opal Wealth Advisors LLC now owns 5,928 shares of the credit-card processor’s stock worth $1,364,000 after acquiring an additional 218 shares during the period. Benedict Financial Advisors Inc. raised its position in shares of Visa by 3.2% during the 3rd quarter. Benedict Financial Advisors Inc. now owns 20,903 shares of the credit-card processor’s stock valued at $4,808,000 after purchasing an additional 640 shares during the period. Finally, Czech National Bank lifted its position in shares of Visa by 46.6% in the third quarter. Czech National Bank now owns 280,833 shares of the credit-card processor’s stock valued at $64,594,000 after acquiring an additional 89,250 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Trading Down 1.0 %

V stock traded down $2.71 during trading on Monday, reaching $271.81. 4,191,968 shares of the stock were exchanged, compared to its average volume of 5,930,494. The business has a 50 day moving average price of $279.11 and a 200-day moving average price of $264.97. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $499.18 billion, a price-to-earnings ratio of 30.37, a P/E/G ratio of 1.89 and a beta of 0.96.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. The firm had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.09 earnings per share. On average, research analysts predict that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s payout ratio is 23.24%.

Insider Activity at Visa

In other news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the sale, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,874 shares of company stock worth $5,506,827. Company insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

V has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their target price on Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. TD Cowen began coverage on shares of Visa in a research note on Thursday, April 11th. They issued a “buy” rating and a $320.00 price objective for the company. William Blair restated an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. Citigroup raised their price objective on Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Redburn Atlantic restated a “neutral” rating and issued a $307.00 price target on shares of Visa in a report on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $302.58.

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.