Stokes Family Office LLC Decreases Position in Visa Inc. (NYSE:V)

Stokes Family Office LLC lowered its stake in shares of Visa Inc. (NYSE:V) by 64.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,538 shares of the credit-card processor’s stock after selling 11,654 shares during the period. Stokes Family Office LLC’s holdings in Visa were worth $1,702,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of V. FMR LLC grew its stake in Visa by 4.7% in the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock valued at $11,582,785,000 after buying an additional 2,257,605 shares in the last quarter. Northern Trust Corp grew its stake in Visa by 4.7% in the 3rd quarter. Northern Trust Corp now owns 17,073,700 shares of the credit-card processor’s stock valued at $3,927,122,000 after buying an additional 763,505 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Visa by 2.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 14,229,004 shares of the credit-card processor’s stock valued at $3,272,846,000 after buying an additional 374,489 shares in the last quarter. Jennison Associates LLC grew its stake in Visa by 0.7% in the 4th quarter. Jennison Associates LLC now owns 11,824,113 shares of the credit-card processor’s stock valued at $3,078,408,000 after buying an additional 85,123 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in Visa by 2.2% in the 4th quarter. Fisher Asset Management LLC now owns 8,923,176 shares of the credit-card processor’s stock valued at $2,323,149,000 after buying an additional 189,764 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other Visa news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now owns 2,591 shares in the company, valued at $713,950.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the business’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 transaction, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the transaction, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,724 shares of company stock worth $3,278,698. 0.19% of the stock is currently owned by company insiders.

Visa Trading Up 0.3 %

NYSE:V traded up $0.88 during trading hours on Friday, reaching $268.49. The company’s stock had a trading volume of 3,810,049 shares, compared to its average volume of 5,903,757. The firm has a market capitalization of $493.08 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 1.83 and a beta of 0.95. The firm has a 50-day simple moving average of $278.47 and a 200-day simple moving average of $265.22. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter last year, the company earned $2.09 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. Research analysts expect that Visa Inc. will post 9.93 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Thursday, May 16th. Visa’s payout ratio is 23.24%.

Analyst Ratings Changes

V has been the subject of several analyst reports. Robert W. Baird raised their price target on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Raymond James raised 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. Mizuho raised their price target on shares of Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday. Keefe, Bruyette & Woods raised their price target on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, Citigroup raised their price target on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $303.00.

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.