Visa Inc. (NYSE:V) Position Lessened by Capital Management Corp VA

Capital Management Corp VA decreased its position in shares of Visa Inc. (NYSE:V) by 1.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 34,743 shares of the credit-card processor’s stock after selling 690 shares during the period. Visa comprises 2.0% of Capital Management Corp VA’s holdings, making the stock its 23rd largest holding. Capital Management Corp VA’s holdings in Visa were worth $10,980,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Rialto Wealth Management LLC acquired a new position in shares of Visa during the 4th quarter worth $265,000. Hamilton Capital Partners LLC bought a new stake in Visa in the fourth quarter worth $6,037,000. Lifeworks Advisors LLC increased its position in Visa by 7.9% during the fourth quarter. Lifeworks Advisors LLC now owns 2,306 shares of the credit-card processor’s stock worth $729,000 after buying an additional 168 shares during the last quarter. HM Payson & Co. raised its holdings in Visa by 0.3% during the fourth quarter. HM Payson & Co. now owns 408,869 shares of the credit-card processor’s stock valued at $129,219,000 after buying an additional 1,383 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in Visa during the fourth quarter valued at about $10,163,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Up 0.5 %

Shares of V opened at $345.79 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average price of $336.18 and a two-hundred day moving average price of $308.35. The stock has a market cap of $642.41 billion, a price-to-earnings ratio of 34.86, a P/E/G ratio of 2.33 and a beta of 0.95. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54.

Visa (NYSE:V) last posted 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%. Equities analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. Visa’s dividend payout ratio is presently 23.79%.

Insider Transactions at Visa

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction on 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 owns 4,488 shares in the company, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the transaction, the chief executive officer now directly owns 537 shares in the company, valued at approximately $194,931. This represents a 94.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 64,505 shares of company stock valued at $22,290,507. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Morgan Stanley upped their price objective on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. The Goldman Sachs Group lifted their target price on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Raymond James restated an “outperform” rating and set a $393.00 price target (up from $374.00) on shares of Visa in a report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and an average 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.