Curbstone Financial Management Corp Decreases Position in Visa Inc. (NYSE:V)

Curbstone Financial Management Corp decreased its stake in Visa Inc. (NYSE:V) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,076 shares of the credit-card processor’s stock after selling 220 shares during the quarter. Curbstone Financial Management Corp’s holdings in Visa were worth $2,630,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Graham Capital Wealth Management LLC purchased a new position in Visa during the 1st quarter valued at $299,862,000. Financial Freedom LLC purchased a new stake in Visa in the 4th quarter valued at about $32,000. Ridgewood Investments LLC bought a new position in Visa in the 1st quarter worth about $35,000. Kalos Management Inc. purchased a new position in shares of Visa during the first quarter worth approximately $40,000. Finally, NewSquare Capital LLC raised its stake in shares of Visa by 121.9% during the first quarter. NewSquare Capital LLC now owns 213 shares of the credit-card processor’s stock valued at $48,000 after acquiring an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 81.35% of the company’s stock.

Insider Activity at Visa

In other news, insider Rajat Taneja sold 2,300 shares of the stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $240.00, for a total value of $552,000.00. Following the sale, the insider now owns 232,112 shares in the company, valued at $55,706,880. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $247.47, for a total value of $2,016,880.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Rajat Taneja sold 2,300 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $240.00, for a total transaction of $552,000.00. Following the sale, the insider now directly owns 232,112 shares in the company, valued at approximately $55,706,880. The disclosure for this sale can be found here. Insiders have sold a total of 65,750 shares of company stock worth $15,845,648 over the last quarter. Insiders own 0.22% of the company’s stock.

Visa Stock Down 2.6 %

V stock opened at $241.50 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.55. Visa Inc. has a 52 week low of $174.60 and a 52 week high of $250.06. The stock has a market capitalization of $449.63 billion, a PE ratio of 30.65, a price-to-earnings-growth ratio of 1.86 and a beta of 0.95. The firm has a 50 day moving average of $241.52 and a 200 day moving average of $231.98.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 25th. The credit-card processor reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.05. The firm had revenue of $8.12 billion for the quarter, compared to analyst estimates of $8.06 billion. Visa had a net margin of 51.94% and a return on equity of 49.42%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.98 earnings per share. Sell-side analysts forecast that Visa Inc. will post 8.65 earnings per share for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Thursday, August 10th. Visa’s dividend payout ratio (DPR) is 22.84%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on V shares. Barclays raised their price objective on Visa from $272.00 to $287.00 and gave the stock an “overweight” rating in a report on Monday, July 24th. JPMorgan Chase & Co. lifted their price objective on Visa from $265.00 to $296.00 and gave the company an “overweight” rating in a report on Tuesday, August 22nd. Wells Fargo & Company increased their target price on shares of Visa from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, July 26th. Robert W. Baird restated an “outperform” rating and issued a $284.00 price target on shares of Visa in a report on Thursday. Finally, Jefferies Financial Group upped their price target on shares of Visa from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $273.77.

Visa Profile

Visa Inc operates as a payments technology company worldwide. 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, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; 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.