Courier Capital LLC trimmed its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 6.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,014 shares of the credit-card processor's stock after selling 2,473 shares during the quarter. Visa accounts for approximately 0.8% of Courier Capital LLC's portfolio, making the stock its 23rd biggest position. Courier Capital LLC's holdings in Visa were worth $12,330,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of V. Miracle Mile Advisors LLC lifted its stake in Visa by 47.7% during the fourth quarter. Miracle Mile Advisors LLC now owns 38,173 shares of the credit-card processor's stock worth $12,064,000 after purchasing an additional 12,334 shares in the last quarter. Northstar Advisory Group LLC raised its holdings in shares of Visa by 47.1% in the 4th quarter. Northstar Advisory Group LLC now owns 1,515 shares of the credit-card processor's stock valued at $479,000 after buying an additional 485 shares during the period. Sunflower Bank N.A. lifted its stake in Visa by 12.5% during the 4th quarter. Sunflower Bank N.A. now owns 4,002 shares of the credit-card processor's stock worth $1,265,000 after acquiring an additional 446 shares in the last quarter. Elevated Capital Advisors LLC boosted its holdings in Visa by 4.9% during the 4th quarter. Elevated Capital Advisors LLC now owns 6,844 shares of the credit-card processor's stock valued at $2,163,000 after acquiring an additional 320 shares during the period. Finally, Eastern Bank grew its position in Visa by 1.9% in the 4th quarter. Eastern Bank now owns 334,060 shares of the credit-card processor's stock valued at $105,576,000 after acquiring an additional 6,070 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, insider Paul D. Fabara sold 2,171 shares of the company's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.
Visa Price Performance
Shares of V stock traded up $2.32 during trading hours on Tuesday, hitting $309.24. The company's stock had a trading volume of 5,107,561 shares, compared to its average volume of 5,958,574. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $321.61. The stock has a market cap of $576.08 billion, a price-to-earnings ratio of 31.78, a P/E/G ratio of 2.11 and a beta of 0.96. The business has a fifty day moving average of $312.76 and a 200-day moving average of $287.65.
Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts' consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.33 earnings per share. As a group, equities research analysts anticipate that Visa Inc. will post 11.23 EPS for the current year.
Visa Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.59 per share. This is a boost from Visa's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.76%. Visa's dividend payout ratio (DPR) is 24.25%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on V shares. Jefferies Financial Group lifted their target price on Visa from $320.00 to $330.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price objective on Visa from $335.00 to $360.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Royal Bank of Canada boosted their price target on shares of Visa from $311.00 to $322.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Citigroup lifted their price objective on shares of Visa from $326.00 to $354.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Bank of America raised their price target on Visa from $279.00 to $308.00 and gave the company a "neutral" rating in a research note on Tuesday, September 17th. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $331.92.
Read Our Latest Analysis on V
About Visa
(
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.
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