Visa Inc. (NYSE:V) Shares Sold by Avenir Corp

Avenir Corp trimmed its holdings in Visa Inc. (NYSE:V - Free Report) by 11.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,738 shares of the credit-card processor's stock after selling 5,372 shares during the period. Visa comprises about 1.4% of Avenir Corp's investment portfolio, making the stock its 17th biggest position. Avenir Corp's holdings in Visa were worth $13,507,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in V. Decker Retirement Planning Inc. purchased a new stake in Visa during the fourth quarter valued at $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Visa during the 4th quarter valued at $27,000. POM Investment Strategies LLC lifted its position in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after buying an additional 32 shares during the last quarter. Modus Advisors LLC bought a new position in Visa during the fourth quarter valued at $32,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Visa in the 4th quarter worth about $32,000. Institutional investors own 82.15% of the company's stock.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $2,930,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the sale, the insider now directly owns 26,413 shares in the company, valued at approximately $8,642,333.60. The trade was a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,205 shares of company stock worth $48,842,490. Corporate insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. William Blair reaffirmed an "outperform" rating on shares of Visa in a research note on Friday, January 31st. Evercore ISI assumed coverage on shares of Visa in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price objective for the company. The Goldman Sachs Group raised their price objective on Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Finally, Susquehanna restated a "positive" rating on shares of Visa in a research note on Friday, March 21st. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $355.84.

Visa Stock Performance

Shares of Visa stock traded down $2.07 on Friday, reaching $329.26. 5,640,095 shares of the stock were exchanged, compared to its average volume of 7,227,437. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The business has a 50 day moving average price of $340.68 and a two-hundred day moving average price of $320.44. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $611.69 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's payout ratio is presently 23.79%.

About Visa

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.