Visa Inc. (NYSE:V) Stake Decreased by Sand Hill Global Advisors LLC

Sand Hill Global Advisors LLC trimmed its holdings in Visa Inc. (NYSE:V) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 62,319 shares of the credit-card processor’s stock after selling 526 shares during the quarter. Visa comprises about 0.8% of Sand Hill Global Advisors LLC’s portfolio, making the stock its 21st biggest holding. Sand Hill Global Advisors LLC’s holdings in Visa were worth $16,225,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. WealthPlan Investment Management LLC increased its holdings in shares of Visa by 222.1% in the third quarter. WealthPlan Investment Management LLC now owns 11,165 shares of the credit-card processor’s stock valued at $2,568,000 after buying an additional 7,699 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Visa by 1.6% in the 3rd quarter. California Public Employees Retirement System now owns 4,129,957 shares of the credit-card processor’s stock valued at $949,931,000 after purchasing an additional 63,378 shares during the period. Forbes J M & Co. LLP increased its stake in Visa by 0.8% in the 3rd quarter. Forbes J M & Co. LLP now owns 62,401 shares of the credit-card processor’s stock worth $14,353,000 after purchasing an additional 466 shares in the last quarter. Wayfinding Financial LLC raised its holdings in Visa by 10.1% during the 3rd quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock worth $406,000 after buying an additional 161 shares during the period. Finally, Lwmg LLC raised its holdings in Visa by 8.4% during the 3rd quarter. Lwmg LLC now owns 1,467 shares of the credit-card processor’s stock worth $337,000 after buying an additional 114 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction that occurred on Monday, April 1st. The stock was 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 of the company’s stock, valued at approximately $150,833.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Visa news, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the sale, the insider now owns 17,894 shares in the company, valued at approximately $4,959,322.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The disclosure for this sale can be found here. Insiders sold 34,402 shares of company stock worth $9,559,382 over the last ninety days. Company insiders own 0.19% of the company’s stock.

Visa Stock Down 0.1 %

Shares of V traded down $0.34 during trading hours on Wednesday, hitting $275.61. 4,201,501 shares of the company were exchanged, compared to its average volume of 6,344,726. The firm’s 50 day moving average is $277.31 and its 200-day moving average is $269.42. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96. The company has a market cap of $504.07 billion, a PE ratio of 30.81, a PEG ratio of 1.92 and a beta of 0.95.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter last year, the company posted $2.09 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities research analysts forecast that Visa Inc. will post 9.86 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders 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 yield of 0.75%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio is 23.24%.

Wall Street Analyst Weigh In

V has been the topic of several analyst reports. Evercore ISI lifted their target price on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Citigroup boosted their target price on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Mizuho raised their target price on Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. William Blair reiterated an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. Finally, Robert W. Baird increased their price objective on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $303.76.

About Visa

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.