Visa Inc. (NYSE:V) Shares Sold by V Wealth Advisors LLC

V Wealth Advisors LLC lessened its holdings in Visa Inc. (NYSE:VGet Rating) by 4.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,020 shares of the credit-card processor’s stock after selling 1,374 shares during the period. Visa makes up 1.2% of V Wealth Advisors LLC’s investment portfolio, making the stock its 14th largest position. V Wealth Advisors LLC’s holdings in Visa were worth $5,866,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of V. McClarren Financial Advisors Inc. purchased a new stake in shares of Visa in the 3rd quarter valued at $26,000. Aurora Private Wealth Inc. raised its holdings in shares of Visa by 7,648.7% in the 2nd quarter. Aurora Private Wealth Inc. now owns 79,502 shares of the credit-card processor’s stock valued at $31,000 after buying an additional 78,476 shares during the period. Ritter Daniher Financial Advisory LLC DE purchased a new stake in shares of Visa in the 2nd quarter valued at $35,000. Apeiron RIA LLC raised its holdings in shares of Visa by 7.1% in the 2nd quarter. Apeiron RIA LLC now owns 1,589 shares of the credit-card processor’s stock valued at $40,000 after buying an additional 105 shares during the period. Finally, Investors Asset Management of Georgia Inc. GA ADV purchased a new stake in shares of Visa in the 2nd quarter valued at $44,000. Institutional investors and hedge funds own 81.87% of the company’s stock.

Visa Price Performance

Shares of V opened at $223.89 on Wednesday. The firm has a market capitalization of $421.69 billion, a PE ratio of 32.03, a P/E/G ratio of 1.80 and a beta of 0.95. The stock’s 50 day moving average is $212.92 and its two-hundred day moving average is $204.65. Visa Inc. has a twelve month low of $174.60 and a twelve month high of $250.58. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.61.

Visa (NYSE:VGet Rating) last posted its quarterly earnings results on Tuesday, October 25th. The credit-card processor reported $1.93 EPS for the quarter, beating the consensus estimate of $1.86 by $0.07. The business had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.55 billion. Visa had a return on equity of 48.56% and a net margin of 51.03%. Research analysts anticipate that Visa Inc. will post 8.3 earnings per share for the current year.

Visa Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Stockholders of record on Friday, December 16th were issued a $0.395 dividend. The ex-dividend date was Thursday, December 15th. This represents a $1.58 annualized dividend and a dividend yield of 0.71%. Visa’s dividend payout ratio is currently 25.75%.

Visa declared that its board has authorized a stock repurchase program on Tuesday, October 25th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the credit-card processor to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. UBS Group cut their price target on Visa from $290.00 to $287.00 and set a “buy” rating on the stock in a report on Thursday, December 15th. Deutsche Bank Aktiengesellschaft cut their price target on Visa from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Thursday, October 13th. StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a report on Thursday, January 12th. Oppenheimer upped their price target on Visa from $210.00 to $237.00 in a report on Wednesday. Finally, BMO Capital Markets dropped their price objective on Visa from $257.00 to $241.00 and set an “outperform” rating on the stock in a report on Thursday, October 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $256.15.

Insider Activity

In related news, President Ryan Mcinerney sold 58,197 shares of Visa stock in a transaction on Monday, January 9th. The stock was sold at an average price of $62.47, for a total transaction of $3,635,566.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Visa news, insider Rajat Taneja sold 25,627 shares of the firm’s stock in a transaction on Friday, December 2nd. The stock was sold at an average price of $216.67, for a total transaction of $5,552,602.09. Following the completion of the transaction, the insider now owns 232,112 shares of the company’s stock, valued at $50,291,707.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Ryan Mcinerney sold 58,197 shares of the firm’s stock in a transaction on Monday, January 9th. The stock was sold at an average price of $62.47, for a total value of $3,635,566.59. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.

Visa Profile

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Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).

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Institutional Ownership by Quarter for Visa (NYSE:V)

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