Pittenger & Anderson Inc. Cuts Stake in Visa Inc. (NYSE:V)

Pittenger & Anderson Inc. lowered its position in shares of Visa Inc. (NYSE:V) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 103,058 shares of the credit-card processor’s stock after selling 126 shares during the quarter. Visa accounts for 1.2% of Pittenger & Anderson Inc.’s investment portfolio, making the stock its 18th largest holding. Pittenger & Anderson Inc.’s holdings in Visa were worth $26,831,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of V. Altshuler Shaham Ltd purchased a new position in Visa during the 3rd quarter worth $25,000. O Brien Wealth Partners LLC acquired a new position in shares of Visa during the 4th quarter worth $32,000. Nalls Sherbakoff Group LLC grew 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 purchasing an additional 120 shares during the period. Valued Wealth Advisors LLC acquired a new position in shares of Visa during the 4th quarter worth $37,000. Finally, Macroview Investment Management LLC grew 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 purchasing an additional 265 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, 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. Over the last quarter, insiders sold 18,965 shares of company stock valued at $5,256,352. 0.19% of the stock is currently owned by corporate insiders.

Visa Stock Down 0.2 %

NYSE:V traded down $0.46 during trading hours on Friday, hitting $274.70. The stock had a trading volume of 1,736,826 shares, compared to its average volume of 5,888,219. The company has a current ratio of 1.40, a quick ratio of 1.45 and a debt-to-equity ratio of 0.53. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The business has a 50 day simple moving average of $279.32 and a two-hundred day simple moving average of $264.05. The company has a market cap of $504.49 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter last year, the company earned $2.09 earnings per share. Visa’s revenue for the quarter was up 9.9% on a year-over-year basis. Analysts predict that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. TD Cowen assumed coverage on shares of Visa in a research note on Thursday, April 11th. They set a “buy” rating and a $320.00 price target on the stock. Citigroup increased their price objective on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research note on Wednesday. Mizuho reissued a “neutral” rating and issued a $265.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Keefe, Bruyette & Woods increased their price objective on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Finally, UBS Group increased their price objective on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $302.58.

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.