Coerente Capital Management Sells 282 Shares of Visa Inc. (NYSE:V)

Coerente Capital Management lessened its stake in Visa Inc. (NYSE:VFree Report) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,851 shares of the credit-card processor’s stock after selling 282 shares during the period. Visa comprises about 3.8% of Coerente Capital Management’s holdings, making the stock its 14th largest holding. Coerente Capital Management’s holdings in Visa were worth $18,446,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. LFA Lugano Financial Advisors SA raised its position in Visa by 7.1% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 691 shares of the credit-card processor’s stock valued at $180,000 after purchasing an additional 46 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC raised its position in Visa by 8.2% during the 4th quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 19,489 shares of the credit-card processor’s stock valued at $5,074,000 after purchasing an additional 1,478 shares during the last quarter. Chicago Capital LLC raised its position in Visa by 1.4% during the 4th quarter. Chicago Capital LLC now owns 367,444 shares of the credit-card processor’s stock valued at $95,664,000 after purchasing an additional 5,160 shares during the last quarter. Wendell David Associates Inc. raised its position in Visa by 1.3% during the 4th quarter. Wendell David Associates Inc. now owns 19,997 shares of the credit-card processor’s stock valued at $5,206,000 after purchasing an additional 260 shares during the last quarter. Finally, Clarus Wealth Advisors bought a new position in Visa during the 4th quarter valued at approximately $362,000. Institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,511 shares of company stock worth $15,131,081. Corporate insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on V shares. KeyCorp upped their price target on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Citigroup increased their target price on Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Jefferies Financial Group increased their target price on Visa from $280.00 to $295.00 and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Mizuho reissued a “neutral” rating and issued a $265.00 target price on shares of Visa in a research report on Wednesday, March 27th. Finally, Royal Bank of Canada increased their target price on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, Visa has an average rating of “Moderate Buy” and an average price target of $295.82.

Read Our Latest Stock Report on Visa

Visa Stock Performance

Shares of V opened at $278.22 on Tuesday. The business’s fifty day simple moving average is $279.49 and its two-hundred day simple moving average is $259.18. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The company has a market cap of $510.95 billion, a price-to-earnings ratio of 32.02, a P/E/G ratio of 1.93 and a beta of 0.96.

Visa (NYSE:VGet Free Report) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. During the same quarter in the previous year, the company posted $2.18 earnings per share. Visa’s revenue was up 9.3% compared to the same quarter last year. Research analysts anticipate that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.75%. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Visa Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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