Visa Inc. (NYSE:V) is Private Wealth Partners LLC’s 5th Largest Position

Private Wealth Partners LLC trimmed its stake in Visa Inc. (NYSE:V) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 212,718 shares of the credit-card processor’s stock after selling 705 shares during the quarter. Visa comprises 4.7% of Private Wealth Partners LLC’s portfolio, making the stock its 5th largest position. Private Wealth Partners LLC’s holdings in Visa were worth $55,381,000 as of its most recent filing with the SEC.

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

Visa Stock Performance

Shares of Visa stock traded down $0.64 during trading on Friday, hitting $274.52. 6,840,615 shares of the stock were exchanged, compared to its average volume of 6,528,673. The stock’s fifty day moving average is $279.24 and its 200 day moving average is $264.33. The stock has a market cap of $504.16 billion, a PE ratio of 30.67, a P/E/G ratio of 1.89 and a beta of 0.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.45 and a current ratio of 1.40. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.09 earnings per share. As a group, sell-side analysts anticipate that Visa Inc. will post 9.89 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s payout ratio is currently 23.24%.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders sold 19,874 shares of company stock valued at $5,506,827 over the last 90 days. 0.19% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on V. Evercore ISI boosted their target price on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Raymond James upped their price target on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a report on Friday, January 26th. UBS Group upped their price target on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday. Royal Bank of Canada upped their price target on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Susquehanna upped their price target on shares of Visa from $300.00 to $326.00 and gave the company a “positive” rating in a 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $302.58.

Visa Company 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.