Blair William & Co. IL cut its stake in shares of Visa Inc. (NYSE:V - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,089,726 shares of the credit-card processor's stock after selling 62,093 shares during the period. Visa accounts for about 1.9% of Blair William & Co. IL's portfolio, making the stock its 5th biggest position. Blair William & Co. IL owned about 0.11% of Visa worth $660,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of V. Hirtle Callaghan & Co LLC grew its holdings in Visa by 1.3% in the fourth quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock worth $724,000 after purchasing an additional 29 shares during the last quarter. Elevation Wealth Partners LLC boosted its position in shares of Visa by 3.3% in the 4th quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock worth $297,000 after purchasing an additional 30 shares in the last quarter. Warther Private Wealth LLC grew its stake in Visa by 1.0% during the 4th quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor's stock worth $928,000 after buying an additional 30 shares during the last quarter. Valmark Advisers Inc. raised its stake in Visa by 0.4% in the fourth quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor's stock valued at $2,292,000 after buying an additional 30 shares during the last quarter. Finally, Strategic Family Wealth Counselors L.L.C. boosted its holdings in Visa by 0.4% in the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor's stock worth $2,302,000 after acquiring an additional 30 shares in the last quarter. 82.15% of the stock is owned by institutional investors.
Visa Price Performance
Visa stock traded down $7.24 during trading on Friday, reaching $342.62. The company had a trading volume of 5,686,669 shares, compared to its average volume of 7,140,541. The firm has a market capitalization of $636.51 billion, a PE ratio of 34.54, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The firm's 50-day simple moving average is $343.60 and its 200 day simple moving average is $315.27. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54.
Visa (NYSE:V - Get Free Report) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping 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%. As a group, equities research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.
Visa Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. Visa's dividend payout ratio (DPR) is presently 23.79%.
Wall Street Analyst Weigh In
V has been the topic of several recent analyst reports. Oppenheimer restated an "outperform" rating on shares of Visa in a report on Thursday, February 13th. UBS Group raised their price target on shares of Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Bank of America boosted their price objective on shares of Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a report on Friday, January 31st. JPMorgan Chase & Co. raised their target price on Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Finally, Barclays boosted their price target on Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $355.84.
View Our Latest Stock Report on Visa
Insider Transactions at Visa
In related news, insider Tullier Kelly Mahon sold 33,741 shares of Visa 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 transaction, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the sale, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,205 shares of company stock valued at $48,560,961 over the last ninety days. Insiders own 0.13% of the company's stock.
Visa Company Profile
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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.
Further Reading
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