WBH Advisory Inc. Reduces Stock Position in Visa Inc. (NYSE:V)

WBH Advisory Inc. trimmed its stake in shares of Visa Inc. (NYSE:V) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,524 shares of the credit-card processor’s stock after selling 299 shares during the period. WBH Advisory Inc.’s holdings in Visa were worth $2,062,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in V. Meridiem Investment Management Ltd. purchased a new stake in Visa during the fourth quarter valued at $104,000. Monument Capital Management boosted its position in Visa by 3.3% in the fourth quarter. Monument Capital Management now owns 6,354 shares of the credit-card processor’s stock worth $2,008,000 after purchasing an additional 201 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of Visa by 3.7% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 11,049 shares of the credit-card processor’s stock valued at $3,492,000 after purchasing an additional 398 shares during the period. Opes Wealth Management LLC increased its position in shares of Visa by 8.6% during the 4th quarter. Opes Wealth Management LLC now owns 859 shares of the credit-card processor’s stock valued at $271,000 after purchasing an additional 68 shares during the last quarter. Finally, Valmark Advisers Inc. lifted its stake in shares of Visa by 0.4% in the 4th quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor’s stock worth $2,292,000 after purchasing an additional 30 shares during the period. Institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on V. Raymond James reaffirmed an “outperform” rating and set a $393.00 target price (up from $374.00) on shares of Visa in a report on Friday, January 31st. Keefe, Bruyette & Woods increased their price target on shares of Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Macquarie increased their price target on shares of Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upped their price target on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company upped their price target on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $354.73.

Visa Trading Up 0.6 %

Shares of Visa stock opened at $356.04 on Wednesday. The firm has a market cap of $661.45 billion, a price-to-earnings ratio of 35.89, a PEG ratio of 2.32 and a beta of 0.97. The business has a 50-day moving average price of $326.05 and a 200-day moving average price of $300.04. The company has a quick ratio of 1.28, a current ratio of 1.12 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 $356.74.

Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 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 anticipate that Visa Inc. will post 11.27 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given 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 0.66%. Visa’s dividend payout ratio is currently 23.79%.

Insider Activity

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the transaction, the general counsel now owns 11,925 shares of the company’s stock, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the business’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 transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,056 shares of company stock worth $19,830,050. 0.13% of the stock is currently owned by corporate insiders.

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.