Capital Investment Advisory Services LLC Cuts Position in Visa Inc. (NYSE:V)

Capital Investment Advisory Services LLC trimmed its stake in Visa Inc. (NYSE:V) by 1.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,095 shares of the credit-card processor’s stock after selling 151 shares during the period. Capital Investment Advisory Services LLC’s holdings in Visa were worth $3,670,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Altshuler Shaham Ltd bought a new stake in shares of Visa in the 3rd quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa in the 4th quarter valued at approximately $32,000. Nalls Sherbakoff Group LLC lifted its stake in shares of Visa by 545.5% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after acquiring an additional 120 shares during the last quarter. Valued Wealth Advisors LLC bought a new stake in shares of Visa during the 4th quarter worth approximately $37,000. Finally, Macroview Investment Management LLC lifted its stake in shares of Visa by 1,019.2% during the 3rd quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock worth $67,000 after acquiring an additional 265 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on V shares. Wedbush raised their price target on Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Keefe, Bruyette & Woods raised their price target on Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. TD Cowen started coverage on Visa in a research note on Thursday, April 11th. They set a “buy” rating and a $320.00 price target for the company. Mizuho reissued a “neutral” rating and set a $265.00 price target on shares of Visa in a research note on Wednesday, March 27th. Finally, KeyCorp lifted their target price on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $298.43.

Visa Stock Up 0.9 %

Shares of V stock opened at $272.31 on Tuesday. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The stock’s fifty day moving average price is $279.52 and its 200 day moving average price is $263.62. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market cap of $500.10 billion, a price-to-earnings ratio of 31.34, a price-to-earnings-growth ratio of 1.86 and a beta of 0.96.

Visa (NYSE:V) last announced its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. During the same period in the previous year, the business earned $2.18 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, research analysts expect that Visa Inc. will post 9.88 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.76%. Visa’s dividend payout ratio (DPR) is 23.94%.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders have sold a total of 18,965 shares of company stock worth $5,256,352 in the last ninety days. 0.19% of the stock is owned by insiders.

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.