DE Burlo Group Inc. Sells 1,175 Shares of Visa Inc. (NYSE:V)

DE Burlo Group Inc. cut its stake in shares of Visa Inc. (NYSE:V - Free Report) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,937 shares of the credit-card processor's stock after selling 1,175 shares during the quarter. Visa accounts for about 1.0% of DE Burlo Group Inc.'s portfolio, making the stock its 29th largest position. DE Burlo Group Inc.'s holdings in Visa were worth $7,565,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Decker Retirement Planning Inc. bought a new stake in shares of Visa during the fourth quarter worth about $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Visa during the 4th quarter worth approximately $27,000. POM Investment Strategies LLC grew its holdings in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after acquiring an additional 32 shares during the last quarter. Modus Advisors LLC acquired a new position in Visa in the 4th quarter valued at approximately $32,000. Finally, Compass Planning Associates Inc bought a new position in shares of Visa during the fourth quarter valued at $32,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

V has been the topic of several analyst reports. Susquehanna reissued a "positive" rating on shares of Visa in a research note on Friday, March 21st. Oppenheimer reiterated an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Bank of America raised their price objective on Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Evercore ISI assumed coverage on Visa in a report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price on the stock. Finally, William Blair restated an "outperform" rating on shares of Visa in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $358.17.

Visa Stock Down 0.1 %

Shares of NYSE:V traded down $0.21 during trading on Friday, reaching $335.50. 4,451,694 shares of the stock were exchanged, compared to its average volume of 7,211,210. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The stock has a fifty day moving average of $338.42 and a two-hundred day moving average of $322.98. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $623.28 billion, a price-to-earnings ratio of 33.82, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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%. Research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.70%. Visa's dividend payout ratio (DPR) is currently 23.79%.

Insiders Place Their Bets

In related news, CAO Peter M. Andreski sold 2,332 shares of the business's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares in the company, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the transaction, the chief executive officer now directly owns 537 shares in the company, valued at approximately $194,931. This represents a 94.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,205 shares of company stock valued at $48,842,490. Corporate insiders own 0.13% of the company's stock.

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.