Visa Inc. (NYSE:V) Holdings Cut by Act Two Investors LLC

Act Two Investors LLC lowered its holdings in Visa Inc. (NYSE:V - Free Report) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,726 shares of the credit-card processor's stock after selling 1,262 shares during the quarter. Visa accounts for about 6.5% of Act Two Investors LLC's investment portfolio, making the stock its 5th biggest holding. Act Two Investors LLC's holdings in Visa were worth $33,414,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Concorde Asset Management LLC purchased a new stake in Visa in the fourth quarter worth approximately $226,000. Hobbs Wealth Management LLC purchased a new position in shares of Visa in the 4th quarter worth $291,000. Coign Capital Advisors LLC bought a new stake in shares of Visa in the fourth quarter worth $962,000. Heritage Trust Co purchased a new stake in Visa during the fourth quarter valued at $12,312,000. Finally, Oak Associates Ltd. OH lifted its holdings in Visa by 15.0% in the fourth quarter. Oak Associates Ltd. OH now owns 147,115 shares of the credit-card processor's stock valued at $46,494,000 after acquiring an additional 19,170 shares during the period. 82.15% of the stock is owned by institutional investors.

Insider Activity at Visa

In other news, 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 transaction of $12,875,320.00. Following the transaction, the insider now directly owns 26,413 shares of the company's stock, valued at approximately $8,642,333.60. This trade represents a 59.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $2,930,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,205 shares of company stock worth $48,842,490. Insiders own 0.13% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on V shares. Keefe, Bruyette & Woods restated a "hold" rating on shares of Visa in a research note on Thursday, February 13th. JPMorgan Chase & Co. boosted their target price on shares of Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Citigroup reiterated a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Raymond James restated an "outperform" rating and issued a $393.00 price objective (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Finally, Bank of America lifted their target price on Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $355.84.

Visa Trading Up 0.6 %

NYSE V traded up $2.15 during trading hours on Tuesday, hitting $337.33. 1,993,032 shares of the company were exchanged, compared to its average volume of 7,244,849. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. 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 stock has a 50-day moving average price of $342.12 and a 200 day moving average price of $319.51. The stock has a market cap of $626.68 billion, a PE ratio of 34.01, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94.

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

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors 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 dividend yield of 0.70%. Visa's dividend payout ratio is presently 23.79%.

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.