Collective Family Office LLC Sells 34 Shares of Visa Inc. (NYSE:V)

Collective Family Office LLC trimmed its holdings in shares of Visa Inc. (NYSE:V) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,019 shares of the credit-card processor’s stock after selling 34 shares during the quarter. Collective Family Office LLC’s holdings in Visa were worth $638,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in V. Sterneck Capital Management LLC bought a new stake in shares of Visa during the 4th quarter worth approximately $248,000. Innova Wealth Partners bought a new stake in Visa during the fourth quarter worth $311,000. Legend Financial Advisors Inc. boosted its holdings in shares of Visa by 1,558.0% in the 4th quarter. Legend Financial Advisors Inc. now owns 1,658 shares of the credit-card processor’s stock valued at $524,000 after purchasing an additional 1,558 shares in the last quarter. One Wealth Capital Management LLC acquired a new position in shares of Visa in the fourth quarter valued at approximately $2,012,000. Finally, Spartan Planning & Wealth Management bought a new position in Visa in the 4th quarter valued at approximately $961,000. 82.15% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on 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. Company insiders own 0.13% of the company’s stock.

Visa Price Performance

Shares of NYSE:V traded up $0.79 during midday trading on Wednesday, reaching $312.46. 1,763,458 shares of the company were exchanged, compared to its average volume of 4,561,526. 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 stock has a market cap of $582.07 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96. The business’s fifty day moving average is $310.90 and its two-hundred day moving average is $286.27. Visa Inc. has a one year low of $252.70 and a one year high of $321.61.

Visa (NYSE:V) last announced its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating 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 revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.33 EPS. As a group, analysts predict that Visa Inc. will post 11.23 earnings per share for the current year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.76%. This is a positive change from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio is currently 24.25%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on V shares. Keefe, Bruyette & Woods upped their price objective on shares of Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Oppenheimer upped their target price on Visa from $321.00 to $375.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. The Goldman Sachs Group restated a “buy” rating and set a $317.00 price objective on shares of Visa in a report on Thursday, September 12th. TD Cowen raised their price target on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada boosted their price objective on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $329.70.

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.