Willner & Heller LLC Sells 45 Shares of Visa Inc. $V

Willner & Heller LLC decreased its holdings in Visa Inc. (NYSE:V) by 1.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,739 shares of the credit-card processor’s stock after selling 45 shares during the period. Visa comprises approximately 1.1% of Willner & Heller LLC’s investment portfolio, making the stock its 22nd biggest holding. Willner & Heller LLC’s holdings in Visa were worth $1,327,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in V. Keystone Global Partners LLC bought a new position in shares of Visa during the first quarter worth approximately $26,000. von Borstel & Associates Inc. bought a new position in shares of Visa during the first quarter worth approximately $27,000. Family Legacy Financial Solutions LLC bought a new position in shares of Visa during the second quarter worth approximately $28,000. Cranbrook Wealth Management LLC increased its stake in shares of Visa by 82.0% during the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock worth $32,000 after purchasing an additional 41 shares during the period. Finally, 1 North Wealth Services LLC bought a new position in shares of Visa during the first quarter worth approximately $38,000. Institutional investors own 82.15% of the company’s stock.

Visa Trading Up 0.8%

Shares of V stock opened at $351.96 on Wednesday. The stock’s fifty day moving average price is $343.65 and its two-hundred day moving average price is $346.93. The company has a market cap of $645.06 billion, a PE ratio of 34.37, a P/E/G ratio of 2.07 and a beta of 0.90. Visa Inc. has a fifty-two week low of $274.01 and a fifty-two week high of $375.51. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V) last issued its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.13. The firm had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.The company’s revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.42 EPS. Equities analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa’s dividend payout ratio (DPR) is currently 23.05%.

Insiders Place Their Bets

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the sale, the general counsel owned 11,925 shares of the company’s stock, valued at $4,102,438.50. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total value of $3,589,015.50. Following the sale, the chief executive officer directly owned 537 shares in the company, valued at approximately $183,815.10. This trade represents a 95.13% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on V shares. Erste Group Bank lowered Visa from a “buy” rating to a “hold” rating in a research note on Monday, September 22nd. Morgan Stanley raised their price objective on Visa from $386.00 to $402.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Barclays restated an “overweight” rating and set a $408.00 price objective (up previously from $396.00) on shares of Visa in a research note on Thursday, July 31st. Robert W. Baird set a $410.00 price objective on Visa and gave the stock an “outperform” rating in a research note on Monday. Finally, Raymond James Financial restated an “outperform” rating on shares of Visa in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $389.00.

About Visa

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.