Hayek Kallen Investment Management Sells 448 Shares of Visa Inc. (NYSE:V)

Hayek Kallen Investment Management decreased its position in Visa Inc. (NYSE:V) by 2.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 21,435 shares of the credit-card processor’s stock after selling 448 shares during the period. Visa comprises approximately 2.5% of Hayek Kallen Investment Management’s portfolio, making the stock its 9th largest position. Hayek Kallen Investment Management’s holdings in Visa were worth $6,774,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Decker Retirement Planning Inc. acquired a new position in shares of Visa in the fourth quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Visa in the 4th quarter valued at $27,000. POM Investment Strategies LLC boosted its stake in Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 32 shares during the period. Modus Advisors LLC bought a new position in Visa during the 4th quarter worth about $32,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of Visa in the 4th quarter valued at about $32,000. Institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Shares of V stock opened at $335.88 on Friday. The company has a market capitalization of $623.99 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 2.33 and a beta of 0.94. 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 52 week low of $252.70 and a 52 week high of $366.54. The company has a 50-day simple moving average of $338.83 and a 200 day simple moving average of $321.93.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.70%. Visa’s dividend payout ratio is presently 23.79%.

Insider Activity

In related news, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the transaction, the insider now directly owns 26,413 shares of the company’s stock, valued at $8,642,333.60. This trade represents a 59.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total value of $3,020,792.80. Following the sale, the chief executive officer now owns 537 shares of the company’s stock, valued at $188,186.28. The trade was a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 143,205 shares of company stock worth $48,842,490. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

V has been the subject of several recent research reports. UBS Group upped their price objective on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Citigroup reaffirmed a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Susquehanna reiterated a “positive” rating on shares of Visa in a report on Friday, March 21st. Barclays increased their target price on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Seven analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average price target of $358.17.

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.