Addison Advisors LLC Trims Position in Visa Inc. (NYSE:V)

Addison Advisors LLC lessened its holdings in shares of Visa Inc. (NYSE:V) by 2.0% during the fourth quarter, HoldingsChannel reports. The firm owned 2,559 shares of the credit-card processor’s stock after selling 53 shares during the quarter. Addison Advisors LLC’s holdings in Visa were worth $809,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Peterson Financial Group Inc. purchased a new position in shares of Visa in the 3rd quarter worth $26,000. Decker Retirement Planning Inc. purchased a new position in shares of Visa in the 4th quarter worth $26,000. Reston Wealth Management LLC purchased a new position in shares of Visa in the 3rd quarter worth $31,000. POM Investment Strategies LLC raised its position in shares of 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 buying an additional 32 shares during the period. Finally, Modus Advisors LLC purchased a new position in shares of Visa in the 4th quarter worth $32,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In other Visa news, 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 value of $2,739,263.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa 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 completion of the transaction, the general counsel now owns 11,925 shares in the company, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,885 shares of company stock valued at $19,161,447 over the last quarter. Corporate insiders own 0.13% of the company’s stock.

Visa Stock Performance

V opened at $350.61 on Thursday. The business’s 50 day moving average is $331.31 and its 200-day moving average is $304.27. The stock has a market cap of $651.36 billion, a PE ratio of 35.34, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97. The company has a current ratio of 1.12, a quick 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 $357.15.

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

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.67%. Visa’s payout ratio is 23.79%.

Analyst Upgrades and Downgrades

V has been the topic of several research reports. Morgan Stanley raised their price objective on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Oppenheimer reissued an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. Citigroup reissued a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft raised their price objective on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Barclays raised their price objective on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

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.