Visa Inc. (NYSE:V) Shares Sold by Invera Wealth Advisors LLC

Invera Wealth Advisors LLC lowered its stake in shares of Visa Inc. (NYSE:V) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,441 shares of the credit-card processor’s stock after selling 325 shares during the quarter. Visa accounts for about 2.1% of Invera Wealth Advisors LLC’s portfolio, making the stock its 16th largest position. Invera Wealth Advisors LLC’s holdings in Visa were worth $2,111,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Zullo Investment Group Inc. increased its stake in shares of Visa by 0.5% during the fourth quarter. Zullo Investment Group Inc. now owns 7,263 shares of the credit-card processor’s stock worth $2,296,000 after buying an additional 39 shares during the period. First Bank & Trust grew its holdings in Visa by 8.9% during the 4th quarter. First Bank & Trust now owns 3,961 shares of the credit-card processor’s stock worth $1,252,000 after acquiring an additional 324 shares in the last quarter. Jordan Park Group LLC increased its position in shares of Visa by 17.7% in the 4th quarter. Jordan Park Group LLC now owns 1,110 shares of the credit-card processor’s stock valued at $351,000 after purchasing an additional 167 shares during the last quarter. Hardy Reed LLC raised its holdings in shares of Visa by 0.4% in the 4th quarter. Hardy Reed LLC now owns 13,995 shares of the credit-card processor’s stock valued at $4,423,000 after purchasing an additional 59 shares in the last quarter. Finally, Advyzon Investment Management LLC purchased a new stake in shares of Visa during the 4th quarter worth $787,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on V shares. Susquehanna increased their target price on Visa from $395.00 to $410.00 and gave the company a “positive” rating in a report on Friday. Barclays increased their price objective on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Jefferies Financial Group boosted their target price on Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Bank of America increased their price target on shares of Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Finally, Morgan Stanley raised their price objective on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $353.96.

Visa Stock Performance

Shares of V opened at $348.27 on Friday. The stock has a market capitalization of $647.01 billion, a P/E ratio of 35.11, a P/E/G ratio of 2.33 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $357.15. The company’s fifty day moving average is $329.14 and its two-hundred day moving average is $302.34.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is 23.79%.

Insider Activity

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the transaction, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were 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. Insiders sold 55,885 shares of company stock valued at $19,161,447 in the last three months. 0.13% of the stock is currently owned by company insiders.

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.