Thomas Story & Son LLC Sells 635 Shares of Visa Inc. (NYSE:V)

Thomas Story & Son LLC decreased its holdings in shares of Visa Inc. (NYSE:V) by 1.1% in the 4th quarter, HoldingsChannel reports. The firm owned 55,689 shares of the credit-card processor’s stock after selling 635 shares during the period. Visa makes up approximately 7.4% of Thomas Story & Son LLC’s holdings, making the stock its 2nd largest holding. Thomas Story & Son LLC’s holdings in Visa were worth $17,600,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Visa

In other news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the transaction, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,056 shares of company stock worth $19,830,050. Insiders own 0.13% of the company’s stock.

Visa Price Performance

Visa stock opened at $351.43 on Thursday. The stock has a 50-day moving average price of $322.53 and a two-hundred day moving average price of $297.52. 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 12 month low of $252.70 and a 12 month high of $352.12. The company has a market capitalization of $652.88 billion, a PE ratio of 35.43, a P/E/G ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Analysts expect that Visa Inc. will post 11.27 EPS for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Wall Street Analyst Weigh In

A number of research firms recently commented on V. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Morgan Stanley lifted their price target on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Susquehanna increased their price target on Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a research report on Friday, January 31st. Mizuho lifted their price objective on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Bank of America increased their target price on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and an average price target of $354.73.

Visa Company 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.