ERTS Wealth Advisors LLC trimmed its holdings in shares of Visa Inc (NYSE:V) by 10.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,515 shares of the credit-card processor’s stock after selling 409 shares during the period. ERTS Wealth Advisors LLC’s holdings in Visa were worth $660,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Capital International Ltd. CA lifted its holdings in Visa by 40.4% in the 4th quarter. Capital International Ltd. CA now owns 130,263 shares of the credit-card processor’s stock worth $24,476,000 after buying an additional 37,486 shares in the last quarter. Capital International Sarl lifted its holdings in Visa by 13.1% in the 4th quarter. Capital International Sarl now owns 71,338 shares of the credit-card processor’s stock worth $13,404,000 after buying an additional 8,288 shares in the last quarter. KCM Investment Advisors LLC lifted its holdings in Visa by 3.1% in the 4th quarter. KCM Investment Advisors LLC now owns 139,504 shares of the credit-card processor’s stock worth $26,213,000 after buying an additional 4,192 shares in the last quarter. Equitable Holdings Inc. acquired a new position in Visa in the 4th quarter worth $3,284,000. Finally, HM Payson & Co. raised its stake in shares of Visa by 2.8% in the 4th quarter. HM Payson & Co. now owns 242,971 shares of the credit-card processor’s stock valued at $45,654,000 after purchasing an additional 6,640 shares in the last quarter. 82.41% of the stock is owned by hedge funds and other institutional investors.
V has been the topic of a number of recent analyst reports. Guggenheim restated a “buy” rating and issued a $222.00 target price on shares of Visa in a research note on Monday, February 3rd. Royal Bank of Canada restated a “buy” rating and issued a $217.00 target price on shares of Visa in a research note on Wednesday, March 18th. Raymond James upped their target price on shares of Visa from $205.00 to $221.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Morgan Stanley cut their target price on shares of Visa from $188.00 to $172.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Credit Suisse Group cut their target price on shares of Visa from $223.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Visa has a consensus rating of “Buy” and a consensus price target of $214.69.
V traded up $4.58 during midday trading on Thursday, hitting $166.36. The company had a trading volume of 9,319,407 shares, compared to its average volume of 19,172,908. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market capitalization of $303.27 billion, a PE ratio of 30.36, a P/E/G ratio of 1.66 and a beta of 0.94. Visa Inc has a twelve month low of $133.93 and a twelve month high of $214.17. The firm’s 50-day simple moving average is $186.24 and its 200-day simple moving average is $184.64.
Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $1.46 earnings per share for the quarter, meeting the consensus estimate of $1.46. The firm had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $6.08 billion. Visa had a net margin of 52.60% and a return on equity of 43.15%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.30 EPS. As a group, sell-side analysts anticipate that Visa Inc will post 6.02 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.30 per share. This is a boost from Visa’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, February 13th. This represents a $1.20 annualized dividend and a dividend yield of 0.72%. Visa’s payout ratio is currently 22.06%.
In related news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $204.00, for a total transaction of $1,428,000.00. Following the completion of the transaction, the chief executive officer now owns 148,090 shares in the company, valued at $30,210,360. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO James H. Hoffmeister sold 2,186 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $208.71, for a total transaction of $456,240.06. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,371 shares of company stock valued at $7,814,759. 0.19% of the stock is owned by corporate insiders.
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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