Collective Family Office LLC Decreases Stock Holdings in Visa Inc. (NYSE:V)

Collective Family Office LLC trimmed its holdings in shares of Visa Inc. (NYSE:V – Get Rating) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,267 shares of the credit-card processor’s stock after selling 72 shares during the period. Collective Family Office LLC’s holdings in Visa were worth $471,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Copperleaf Capital LLC grew its holdings in Visa by 0.6% during the second quarter. Copperleaf Capital LLC now owns 7,968 shares of the credit-card processor’s stock valued at $1,569,000 after purchasing an additional 49 shares during the period. CNB Bank grew its holdings in Visa by 0.8% during the second quarter. CNB Bank now owns 6,338 shares of the credit-card processor’s stock valued at $1,248,000 after purchasing an additional 49 shares during the period. Solstein Capital LLC grew its holdings in Visa by 0.4% during the second quarter. Solstein Capital LLC now owns 14,111 shares of the credit-card processor’s stock valued at $2,778,000 after purchasing an additional 50 shares during the period. Eads & Heald Wealth Management grew its holdings in Visa by 0.4% during the third quarter. Eads & Heald Wealth Management now owns 12,641 shares of the credit-card processor’s stock valued at $2,246,000 after purchasing an additional 50 shares during the period. Finally, Tobias Financial Advisors Inc. grew its holdings in Visa by 3.4% during the third quarter. Tobias Financial Advisors Inc. now owns 1,516 shares of the credit-card processor’s stock valued at $269,000 after purchasing an additional 50 shares during the period. 81.87% of the stock is owned by hedge funds and other institutional investors.

Visa Trading Down 0.0 %

NYSE V opened at $217.39 on Friday. The stock’s 50-day simple moving average is $223.62 and its two-hundred day simple moving average is $208.33. Visa Inc. has a twelve month low of $174.60 and a twelve month high of $234.30. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $408.91 billion, a price-to-earnings ratio of 30.40, a PEG ratio of 1.70 and a beta of 0.97.

Visa (NYSE:V – Get Rating) last released its quarterly earnings results on Thursday, January 26th. The credit-card processor reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.17. Visa had a return on equity of 49.95% and a net margin of 50.28%. The business had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.70 billion. During the same quarter last year, the business posted $1.81 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. Research analysts forecast that Visa Inc. will post 8.43 EPS for the current fiscal year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Friday, February 10th were given a dividend of $0.45 per share. This is an increase from Visa’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, February 9th. This represents a $1.80 dividend on an annualized basis and a yield of 0.83%. Visa’s dividend payout ratio (DPR) is presently 25.17%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. increased their price objective on Visa from $243.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, January 27th. UBS Group reduced their price objective on Visa from $290.00 to $287.00 and set a “buy” rating for the company in a report on Thursday, December 15th. Wells Fargo & Company raised their price target on Visa from $250.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, January 27th. Robert W. Baird raised their price target on Visa from $250.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, January 19th. Finally, Wolfe Research raised their price target on Visa from $240.00 to $255.00 in a report on Thursday, January 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $259.11.

Insider Buying and Selling at Visa

In other news, President Ryan Mcinerney sold 58,197 shares of Visa stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $62.47, for a total value of $3,635,566.59. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, insider Rajat Taneja sold 61,721 shares of Visa stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $229.92, for a total value of $14,190,892.32. Following the transaction, the insider now owns 232,112 shares in the company, valued at $53,367,191.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Ryan Mcinerney sold 58,197 shares of Visa stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $62.47, for a total value of $3,635,566.59. The disclosure for this sale can be found here. Insiders have sold 191,312 shares of company stock worth $33,751,165 over the last 90 days. Corporate insiders own 0.22% of the company’s stock.

About Visa

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Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).