Keeler Thomas Management LLC Cuts Stock Holdings in Visa Inc. (NYSE:V)

Keeler Thomas Management LLC reduced its position in shares of Visa Inc. (NYSE:V) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,583 shares of the credit-card processor’s stock after selling 76 shares during the period. Visa makes up approximately 1.5% of Keeler Thomas Management LLC’s portfolio, making the stock its 28th largest position. Keeler Thomas Management LLC’s holdings in Visa were worth $4,352,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. grew its position in Visa by 15.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 17,671 shares of the credit-card processor’s stock worth $4,601,000 after buying an additional 2,362 shares during the period. Kornitzer Capital Management Inc. KS grew its position in Visa by 0.5% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 74,167 shares of the credit-card processor’s stock worth $19,309,000 after buying an additional 344 shares during the period. Hunter Associates Investment Management LLC grew its position in Visa by 1.5% during the fourth quarter. Hunter Associates Investment Management LLC now owns 19,614 shares of the credit-card processor’s stock worth $5,119,000 after buying an additional 296 shares during the period. CNB Bank grew its position in Visa by 7.2% during the fourth quarter. CNB Bank now owns 8,485 shares of the credit-card processor’s stock worth $2,209,000 after buying an additional 568 shares during the period. Finally, Vantage Investment Partners LLC grew its position in Visa by 45.3% during the fourth quarter. Vantage Investment Partners LLC now owns 30,044 shares of the credit-card processor’s stock worth $7,822,000 after buying an additional 9,366 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on V. Evercore ISI lowered their price target on shares of Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. TD Cowen dropped their price objective on shares of Visa from $320.00 to $318.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. JPMorgan Chase & Co. raised their price objective on shares of Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research note on Tuesday. Bank of America reaffirmed a “neutral” rating and set a $297.00 price target (down from $305.00) on shares of Visa in a research note on Wednesday, July 10th. Finally, Citigroup decreased their price target on shares of Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $308.50.

Visa Stock Performance

Visa stock traded down $0.44 during mid-day trading on Thursday, reaching $267.76. The company’s stock had a trading volume of 2,193,656 shares, compared to its average volume of 7,186,388. Visa Inc. has a twelve month low of $227.78 and a twelve month high of $290.96. The firm has a market cap of $489.72 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 1.89 and a beta of 0.95. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average price of $266.06 and a 200-day moving average price of $273.40.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The company had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.92 billion. During the same quarter in the previous year, the company posted $2.16 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. Sell-side analysts predict that Visa Inc. will post 9.91 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, August 9th. Visa’s dividend payout ratio (DPR) is 23.24%.

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.