ERTS Wealth Advisors LLC Cuts Stock Holdings in Visa Inc (NYSE:V)

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ERTS Wealth Advisors LLC cut its stake in Visa Inc (NYSE:V) by 10.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 (SEC).

Several other hedge funds also recently bought and sold shares of the company. Ilmarinen Mutual Pension Insurance Co acquired a new position in Visa during the third quarter worth $26,576,000. Colony Group LLC lifted its stake in Visa by 11.4% during the third quarter. Colony Group LLC now owns 57,938 shares of the credit-card processor’s stock worth $9,966,000 after purchasing an additional 5,913 shares in the last quarter. UMA Financial Services Inc. acquired a new stake in shares of Visa in the third quarter valued at $444,000. Voya Investment Management LLC raised its stake in shares of Visa by 1.9% in the third quarter. Voya Investment Management LLC now owns 3,388,031 shares of the credit-card processor’s stock valued at $582,775,000 after acquiring an additional 64,704 shares in the last quarter. Finally, Voya Financial Advisors Inc. raised its stake in shares of Visa by 4.0% in the third quarter. Voya Financial Advisors Inc. now owns 148,592 shares of the credit-card processor’s stock valued at $25,856,000 after acquiring an additional 5,675 shares in the last quarter. Institutional investors and hedge funds own 82.41% of the company’s stock.

Shares of V stock traded up $4.58 during mid-day trading on Thursday, hitting $166.36. 9,319,407 shares of the stock were exchanged, compared to its average volume of 19,172,908. The stock’s fifty day simple moving average is $186.24 and its two-hundred day simple moving average is $184.64. The stock has a market capitalization of $303.27 billion, a price-to-earnings ratio of 30.36, a P/E/G ratio of 1.66 and a beta of 0.94. Visa Inc has a 12-month low of $133.93 and a 12-month high of $214.17. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.27 and a current ratio of 1.27.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $1.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.46. Visa had a return on equity of 43.15% and a net margin of 52.60%. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $6.08 billion. During the same quarter last year, the company posted $1.30 earnings per share. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, research analysts expect that Visa Inc will post 6.02 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Friday, February 14th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, February 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.72%. This is a positive change from Visa’s previous quarterly dividend of $0.25. Visa’s dividend payout ratio (DPR) is currently 22.06%.

Several analysts have recently issued reports on the company. Raymond James increased their price objective on Visa from $205.00 to $221.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Credit Suisse Group reduced their price objective on Visa from $223.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday. Barclays reduced their price objective on Visa from $230.00 to $209.00 and set an “overweight” rating on the stock in a research note on Thursday. Citigroup reduced their price objective on Visa from $236.00 to $225.00 and set a “buy” rating on the stock in a research note on Wednesday, March 11th. Finally, KeyCorp reduced their price objective on Visa from $220.00 to $190.00 and set an “overweight” rating on the stock in a research note on Monday. Four investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $214.69.

In related news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $174.04, for a total value of $1,218,280.00. Following the completion of the sale, the chief executive officer now owns 145,090 shares in the company, valued at $25,251,463.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Rajat Taneja sold 10,685 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $208.29, for a total transaction of $2,225,578.65. Following the completion of the sale, the insider now owns 282,318 shares of the company’s stock, valued at approximately $58,804,016.22. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,371 shares of company stock worth $7,814,759. Corporate insiders own 0.19% of the company’s stock.

Visa Profile

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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Institutional Ownership by Quarter for Visa (NYSE:V)

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