First National Trust Co Trims Stock Position in Visa Inc. (NYSE:V)

First National Trust Co decreased its position in shares of Visa Inc. (NYSE:V) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 82,232 shares of the credit-card processor’s stock after selling 6,568 shares during the quarter. Visa makes up about 0.9% of First National Trust Co’s holdings, making the stock its 23rd largest position. First National Trust Co’s holdings in Visa were worth $21,409,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in V. GoalVest Advisory LLC raised its position in Visa by 3.4% in the 4th quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock valued at $317,000 after purchasing an additional 40 shares during the last quarter. Destiny Wealth Partners LLC grew its holdings in shares of Visa by 2.5% during the fourth quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock worth $433,000 after buying an additional 40 shares during the last quarter. Sunflower Bank N.A. increased its position in Visa by 1.3% in the 4th quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock valued at $818,000 after acquiring an additional 41 shares during the period. Parker Financial LLC raised its stake in Visa by 4.8% during the 4th quarter. Parker Financial LLC now owns 925 shares of the credit-card processor’s stock valued at $241,000 after acquiring an additional 42 shares during the last quarter. Finally, Patron Partners LLC lifted its position in Visa by 1.0% during the 4th quarter. Patron Partners LLC now owns 4,295 shares of the credit-card processor’s stock worth $1,118,000 after acquiring an additional 42 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on V shares. William Blair restated an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Macquarie raised their target price on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. TD Cowen began coverage on shares of Visa in a research note on Thursday, April 11th. They set a “buy” rating and a $320.00 price target on the stock. Redburn Atlantic restated a “neutral” rating and issued a $307.00 price objective on shares of Visa in a research report on Wednesday, March 27th. Finally, Oppenheimer lifted their price objective on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, Visa presently has an average rating of “Moderate Buy” and an average price target of $303.00.

Insiders Place Their Bets

In other news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The disclosure for this sale can be found here. Insiders have sold a total of 11,724 shares of company stock valued at $3,278,698 in the last quarter. 0.19% of the stock is currently owned by company insiders.

Visa Price Performance

Shares of NYSE V traded up $0.88 during trading on Friday, reaching $268.49. The company had a trading volume of 3,862,018 shares, compared to its average volume of 6,930,902. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The stock has a 50-day moving average price of $278.17 and a two-hundred day moving average price of $265.42. The stock has a market capitalization of $493.08 billion, a PE ratio of 30.00, a price-to-earnings-growth ratio of 1.84 and a beta of 0.95.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.08. The firm had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.09 EPS. As a group, sell-side analysts predict that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a $0.52 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.77%. Visa’s dividend payout ratio (DPR) is presently 23.24%.

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.