Sanctuary Advisors LLC Sells 2,543 Shares of Visa Inc. (NYSE:V)

Sanctuary Advisors LLC reduced its position in Visa Inc. (NYSE:V - Free Report) by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 321,447 shares of the credit-card processor's stock after selling 2,543 shares during the period. Visa accounts for approximately 0.7% of Sanctuary Advisors LLC's investment portfolio, making the stock its 23rd largest holding. Sanctuary Advisors LLC's holdings in Visa were worth $110,272,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in V. Peterson Financial Group Inc. bought a new stake in shares of Visa during the 3rd quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Visa during the fourth quarter worth $26,000. Reston Wealth Management LLC bought a new stake in Visa in the third quarter valued at about $31,000. POM Investment Strategies LLC lifted its stake in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after buying an additional 32 shares during the period. Finally, Modus Advisors LLC bought a new position in Visa during the fourth quarter worth about $32,000. Institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the transaction, the general counsel now owns 11,925 shares in the company, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,885 shares of company stock worth $19,161,447. Corporate insiders own 0.13% of the company's stock.

Visa Stock Performance

Visa stock traded down $1.47 during mid-day trading on Friday, hitting $349.02. 3,789,798 shares of the company's stock traded hands, compared to its average volume of 5,653,773. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $357.15. The stock has a market cap of $648.41 billion, a price-to-earnings ratio of 35.10, a P/E/G ratio of 2.36 and a beta of 0.97. The firm has a 50 day simple moving average of $328.47 and a two-hundred day simple moving average of $301.39. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

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

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa's payout ratio is 23.79%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upped their price target on Visa from $300.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods upped their target price on shares of Visa from $360.00 to $400.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Mizuho lifted their price target on shares of Visa from $279.00 to $292.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Royal Bank of Canada boosted their price target on shares of Visa from $311.00 to $322.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, Morgan Stanley raised their price objective on Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $355.31.

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.