TrueWealth Advisors LLC Sells 368 Shares of Visa Inc. (NYSE:V)

TrueWealth Advisors LLC reduced its holdings in Visa Inc. (NYSE:V) by 31.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 802 shares of the credit-card processor’s stock after selling 368 shares during the quarter. TrueWealth Advisors LLC’s holdings in Visa were worth $220,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in V. BSW Wealth Partners increased its stake in Visa by 8.6% in the third quarter. BSW Wealth Partners now owns 5,883 shares of the credit-card processor’s stock valued at $1,618,000 after purchasing an additional 468 shares in the last quarter. Nvwm LLC grew its stake in shares of Visa by 1.8% in the 3rd quarter. Nvwm LLC now owns 14,384 shares of the credit-card processor’s stock valued at $3,955,000 after buying an additional 250 shares during the period. Angeles Wealth Management LLC increased its position in Visa by 26.1% in the 3rd quarter. Angeles Wealth Management LLC now owns 14,864 shares of the credit-card processor’s stock valued at $4,087,000 after buying an additional 3,080 shares in the last quarter. Van ECK Associates Corp raised its stake in Visa by 12.4% during the 3rd quarter. Van ECK Associates Corp now owns 387,869 shares of the credit-card processor’s stock worth $110,062,000 after buying an additional 42,668 shares during the period. Finally, Whitener Capital Management Inc. boosted its holdings in Visa by 3.1% in the third quarter. Whitener Capital Management Inc. now owns 33,101 shares of the credit-card processor’s stock worth $9,101,000 after acquiring an additional 990 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at $148,687.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.19% of the company’s stock.

Visa Trading Up 0.3 %

Shares of V stock opened at $290.74 on Monday. Visa Inc. has a 12-month low of $239.20 and a 12-month high of $296.34. The company has a quick ratio of 1.37, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The company has a 50 day moving average of $281.00 and a 200-day moving average of $273.66. The firm has a market cap of $529.82 billion, a P/E ratio of 29.88, a PEG ratio of 1.94 and a beta of 0.95.

Visa (NYSE:V) last released its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period last year, the business posted $2.33 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. Sell-side analysts anticipate that Visa Inc. will post 11.17 earnings per share for the current year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be paid a $0.59 dividend. This is a boost from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Tuesday, November 12th. Visa’s payout ratio is currently 21.38%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on V shares. BMO Capital Markets boosted their price objective on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Oppenheimer restated an “outperform” rating and set a $321.00 price target (up previously from $318.00) on shares of Visa in a research note on Wednesday, October 30th. Royal Bank of Canada raised their price objective on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. William Blair upgraded shares of Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. Finally, BNP Paribas upgraded shares of Visa from a “neutral” rating to an “outperform” rating and set a $325.00 target price on the stock in a report on Tuesday, September 3rd. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $320.70.

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.