IVC Wealth Advisors LLC Sells 248 Shares of Visa Inc. (NYSE:V)

IVC Wealth Advisors LLC cut its stake in Visa Inc. (NYSE:V) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,340 shares of the credit-card processor’s stock after selling 248 shares during the quarter. Visa accounts for about 0.9% of IVC Wealth Advisors LLC’s portfolio, making the stock its 20th biggest position. IVC Wealth Advisors LLC’s holdings in Visa were worth $1,688,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Capital Planning Advisors LLC boosted its holdings in Visa by 3.6% during the fourth quarter. Capital Planning Advisors LLC now owns 30,748 shares of the credit-card processor’s stock worth $9,717,000 after purchasing an additional 1,071 shares during the last quarter. Endeavor Private Wealth Inc. bought a new position in shares of Visa during the 4th quarter worth approximately $272,000. MinichMacGregor Wealth Management LLC boosted its stake in shares of Visa by 32.7% in the 4th quarter. MinichMacGregor Wealth Management LLC now owns 1,513 shares of the credit-card processor’s stock worth $478,000 after buying an additional 373 shares during the last quarter. D.B. Root & Company LLC grew its holdings in shares of Visa by 8.2% in the fourth quarter. D.B. Root & Company LLC now owns 2,982 shares of the credit-card processor’s stock valued at $942,000 after acquiring an additional 226 shares in the last quarter. Finally, True North Advisors LLC increased its position in shares of Visa by 261.3% during the fourth quarter. True North Advisors LLC now owns 17,576 shares of the credit-card processor’s stock valued at $5,555,000 after acquiring an additional 12,712 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Activity

In related news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Visa Stock Performance

Visa stock opened at $330.20 on Friday. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $331.09. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $615.11 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. The firm’s 50 day simple moving average is $314.95 and its 200 day simple moving average is $290.42.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.13. The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.33 earnings per share. As a group, analysts expect that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were issued a $0.59 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.71%. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is presently 24.25%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on V. Susquehanna upped their price objective on Visa from $339.00 to $375.00 and gave the company a “positive” rating in a research note on Wednesday, December 11th. Keefe, Bruyette & Woods boosted their price target on shares of Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Wells Fargo & Company raised their price objective on shares of Visa from $325.00 to $360.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. BMO Capital Markets boosted their target price on shares of Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Bank of America raised their price target on shares of Visa from $314.00 to $331.00 and gave the stock a “neutral” rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $334.58.

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.