America First Investment Advisors LLC lowered its stake in shares of Visa Inc. (NYSE:V - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,018 shares of the credit-card processor's stock after selling 1,237 shares during the period. Visa accounts for approximately 5.1% of America First Investment Advisors LLC's portfolio, making the stock its 9th largest holding. America First Investment Advisors LLC's holdings in Visa were worth $23,393,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in V. Hirtle Callaghan & Co LLC grew its stake in shares of Visa by 1.3% during the fourth quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock valued at $724,000 after purchasing an additional 29 shares during the last quarter. Elevation Wealth Partners LLC lifted its holdings in Visa by 3.3% in the fourth quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock valued at $297,000 after buying an additional 30 shares during the period. Warther Private Wealth LLC boosted its stake in Visa by 1.0% in the fourth quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor's stock valued at $928,000 after acquiring an additional 30 shares during the last quarter. Valmark Advisers Inc. grew its holdings in Visa by 0.4% during the 4th quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor's stock worth $2,292,000 after acquiring an additional 30 shares during the period. Finally, Strategic Family Wealth Counselors L.L.C. raised its position in shares of Visa by 0.4% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor's stock valued at $2,302,000 after acquiring an additional 30 shares during the last quarter. 82.15% of the stock is owned by institutional investors.
Visa Stock Down 2.1 %
V traded down $7.24 during trading on Friday, reaching $342.62. 5,686,669 shares of the stock were exchanged, compared to its average volume of 7,140,541. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The stock's 50 day moving average price is $343.60 and its two-hundred day moving average price is $315.27. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The stock has a market cap of $636.51 billion, a P/E ratio of 34.54, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95.
Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Equities analysts expect that Visa Inc. will post 11.3 EPS for the current year.
Visa Announces Dividend
The firm 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. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.69%. Visa's dividend payout ratio is 23.79%.
Insider Activity
In other news, insider Tullier Kelly Mahon sold 33,741 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the sale, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the transaction, the insider now owns 26,413 shares in the company, valued at approximately $8,642,333.60. This trade represents a 59.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock valued at $48,560,961 over the last three months. Insiders own 0.13% of the company's stock.
Analyst Ratings Changes
V has been the topic of several analyst reports. Barclays increased their target price on Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Seaport Res Ptn upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Wells Fargo & Company lifted their target price on Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Piper Sandler restated an "overweight" rating and issued a $383.00 price target (up from $368.00) on shares of Visa in a report on Friday, January 31st. Finally, Raymond James reaffirmed an "outperform" rating and set a $393.00 price target (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $355.84.
Check Out Our Latest Stock Report on Visa
Visa Profile
(
Free Report)
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.
See Also
Before you consider Visa, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Visa wasn't on the list.
While Visa currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
