Schwarz Dygos Wheeler Investment Advisors LLC Has $2.03 Million Holdings in Visa Inc. (NYSE:V)

Schwarz Dygos Wheeler Investment Advisors LLC reduced its stake in shares of Visa Inc. (NYSE:V) by 2.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,791 shares of the credit-card processor’s stock after selling 168 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Visa were worth $2,028,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Altshuler Shaham Ltd acquired a new stake in shares of Visa in the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of Visa in the fourth quarter valued at approximately $32,000. Valued Wealth Advisors LLC acquired a new stake in shares of Visa in the fourth quarter valued at approximately $37,000. Stuart Chaussee & Associates Inc. raised its holdings in shares of Visa by 66.2% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock valued at $61,000 after purchasing an additional 94 shares during the last quarter. Finally, Macroview Investment Management LLC raised its holdings in shares of Visa by 1,019.2% in the third quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock valued at $67,000 after purchasing an additional 265 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,874 shares of company stock valued at $5,506,827. Company insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

V has been the topic of a number of recent analyst reports. Citigroup boosted their target price on shares of Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a report on Wednesday. TD Cowen initiated coverage on shares of Visa in a report on Thursday, April 11th. They set a “buy” rating and a $320.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Susquehanna lifted their price objective on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $302.58.

Visa Trading Down 0.2 %

Shares of Visa stock traded down $0.64 on Friday, hitting $274.52. The stock had a trading volume of 6,840,615 shares, compared to its average volume of 6,528,673. The stock has a 50 day moving average of $279.24 and a 200 day moving average of $264.33. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.45 and a current ratio of 1.40. The firm has a market capitalization of $504.16 billion, a P/E ratio of 30.67, a PEG ratio of 1.89 and a beta of 0.96.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The business had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same period in the prior year, the business posted $2.09 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. Sell-side analysts expect that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

About Visa

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.