Visa Inc. (NYSE:V) Shares Sold by Investmark Advisory Group LLC

Investmark Advisory Group LLC reduced its position in Visa Inc. (NYSE:V) by 23.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,894 shares of the credit-card processor’s stock after selling 592 shares during the quarter. Investmark Advisory Group LLC’s holdings in Visa were worth $599,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in V. Riverstone Advisors LLC purchased a new stake in shares of Visa in the fourth quarter valued at approximately $217,000. Blue Rock Wealth Management LLC acquired a new position in Visa during the fourth quarter worth $306,000. Aptus Capital Advisors LLC grew its holdings in Visa by 19.8% in the 4th quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor’s stock valued at $57,727,000 after buying an additional 30,185 shares in the last quarter. Journey Strategic Wealth LLC grew its holdings in Visa by 16.4% in the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock valued at $3,058,000 after buying an additional 1,361 shares in the last quarter. Finally, King Wealth Management Group increased its stake in shares of Visa by 9.0% in the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor’s stock worth $23,663,000 after acquiring an additional 6,172 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on V shares. Barclays boosted their price target on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Susquehanna reaffirmed a “positive” rating on shares of Visa in a research note on Friday, March 21st. StockNews.com upgraded shares of Visa from a “hold” rating to a “buy” rating in a report on Monday, May 12th. UBS Group dropped their price target on shares of Visa from $400.00 to $395.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Finally, Evercore ISI started coverage on shares of Visa in a report on Wednesday, April 9th. They set an “in-line” rating and a $330.00 price target for the company. Six analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $362.38.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $2,978,899.60. Following the sale, the chief executive officer now directly owns 537 shares in the company, valued at approximately $185,576.46. This represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 14,813 shares of Visa stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $355.04, for a total transaction of $5,259,207.52. Following the completion of the transaction, the insider now owns 26,413 shares of the company’s stock, valued at $9,377,671.52. This represents a 35.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,948 shares of company stock worth $41,548,282 in the last ninety days. 0.13% of the stock is owned by corporate insiders.

Visa Price Performance

V opened at $358.59 on Thursday. The stock’s 50-day moving average price is $340.60 and its 200 day moving average price is $330.88. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $369.15. The firm has a market cap of $661.66 billion, a price-to-earnings ratio of 36.15, a PEG ratio of 2.33 and a beta of 0.96. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. The company had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.51 earnings per share. As a group, sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.66%. The ex-dividend date is Tuesday, May 13th. Visa’s payout ratio is currently 23.72%.

Visa 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.