F M Investments LLC Lowers Stake in Visa Inc. (NYSE:V)

F M Investments LLC cut its holdings in shares of Visa Inc. (NYSE:V) by 10.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 993 shares of the credit-card processor’s stock after selling 110 shares during the quarter. F M Investments LLC’s holdings in Visa were worth $244,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Investment Advisory Services Inc. TX ADV raised its holdings in shares of Visa by 2.0% in the 3rd quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock valued at $904,000 after purchasing an additional 78 shares in the last quarter. Towerpoint Wealth LLC acquired a new stake in shares of Visa in the 4th quarter valued at $216,000. Andrew Hill Investment Advisors Inc. acquired a new stake in shares of Visa in the 4th quarter valued at $3,427,000. Wayfinding Financial LLC raised its holdings in shares of Visa by 10.1% in the 3rd quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock valued at $406,000 after purchasing an additional 161 shares in the last quarter. Finally, Richelieu Gestion SA acquired a new stake in shares of Visa in the 4th quarter valued at $307,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

V has been the topic of several research analyst reports. Redburn Atlantic reiterated a “neutral” rating and set a $307.00 price target on shares of Visa in a research note on Wednesday, March 27th. Raymond James raised their price objective on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Wedbush raised their price objective on shares of Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wells Fargo & Company raised their price objective on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $302.58.

Visa Stock Performance

Shares of V opened at $273.46 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The stock has a market cap of $502.21 billion, a P/E ratio of 30.73, a PEG ratio of 1.89 and a beta of 0.96. The company has a 50-day moving average of $279.44 and a two-hundred day moving average of $263.97. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.72%. The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.09 earnings per share. As a group, research analysts predict that Visa Inc. will post 9.88 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.76%. Visa’s dividend payout ratio is currently 23.24%.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Ryan Mcinerney sold 8,200 shares of the firm’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 directly owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders sold a total of 18,965 shares of company stock worth $5,256,352 over the last ninety days. 0.19% of the stock is owned by company insiders.

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.