DeDora Capital Inc. Has $2.55 Million Stake in Visa Inc. (NYSE:V)

DeDora Capital Inc. trimmed its position in Visa Inc. (NYSE:V) by 3.7% in the first quarter, HoldingsChannel.com reports. The firm owned 9,141 shares of the credit-card processor’s stock after selling 355 shares during the period. DeDora Capital Inc.’s holdings in Visa were worth $2,551,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of V. Altshuler Shaham Ltd acquired a new position in Visa during the third quarter worth $25,000. Livelsberger Financial Advisory acquired a new position in Visa during the fourth quarter worth $25,000. Westend Capital Management LLC acquired a new position in Visa during the first quarter worth $25,000. O Brien Wealth Partners LLC acquired a new position in Visa during the fourth quarter worth $32,000. Finally, Frank Rimerman Advisors LLC bought a new stake in shares of Visa during the fourth quarter worth $33,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Up 0.3 %

Shares of NYSE V traded up $0.88 during mid-day trading on Friday, reaching $268.49. 3,862,018 shares of the company’s stock were exchanged, compared to its average volume of 6,930,902. The firm has a market capitalization of $493.08 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 1.83 and a beta of 0.95. 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 business has a fifty day simple moving average of $278.17 and a 200 day simple moving average of $265.42. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96.

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

Visa Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently commented on V shares. Macquarie increased their target price on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Citigroup raised their price target on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. William Blair reiterated an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. KeyCorp raised their price target on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, January 8th. Finally, Keefe, Bruyette & Woods raised their price target on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $303.00.

Insider Activity at Visa

In related news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lloyd Carney sold 909 shares of the firm’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 completion of the transaction, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,724 shares of company stock valued at $3,278,698. 0.19% of the stock is owned by insiders.

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.