Live Oak Private Wealth LLC Cuts Stake in Visa Inc. (NYSE:V)

Live Oak Private Wealth LLC lowered its stake in shares of Visa Inc. (NYSE:V) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,681 shares of the credit-card processor’s stock after selling 311 shares during the quarter. Visa accounts for about 1.4% of Live Oak Private Wealth LLC’s portfolio, making the stock its 24th largest position. Live Oak Private Wealth LLC’s holdings in Visa were worth $8,432,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Decker Retirement Planning Inc. acquired a new position in shares of Visa during the fourth quarter worth $26,000. Peterson Financial Group Inc. acquired a new position in shares of Visa during the 3rd quarter worth about $26,000. Modus Advisors LLC purchased a new position in shares of Visa in the 4th quarter valued at about $32,000. Reston Wealth Management LLC purchased a new position in shares of Visa in the 3rd quarter valued at about $31,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of Visa during the 4th quarter worth about $44,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Up 0.2 %

Shares of Visa stock opened at $348.26 on Monday. The company has a fifty day moving average price of $321.08 and a 200 day moving average price of $295.90. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $351.25. The stock has a market cap of $647.00 billion, a price-to-earnings ratio of 35.11, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last posted 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 return on equity of 54.79% and a net margin of 54.27%. Equities research analysts forecast that Visa Inc. will post 11.27 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. Visa’s dividend payout ratio is currently 23.79%.

Insider Transactions at Visa

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 36,566 shares of the company’s stock, valued at $12,789,689.82. This represents a 47.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,056 shares of company stock valued at $19,830,050. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

V has been the topic of several recent analyst reports. UBS Group increased their price target on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Robert W. Baird lifted their price target on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. BMO Capital Markets upped their price objective 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. Barclays raised their price objective on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, William Blair reissued an “outperform” rating on shares of Visa in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $354.73.

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.