Visa Inc. (NYSE:V) Position Lowered by Strategic Advisors LLC

Strategic Advisors LLC decreased its holdings in Visa Inc. (NYSE:V) by 0.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,245 shares of the credit-card processor’s stock after selling 52 shares during the quarter. Visa accounts for approximately 1.8% of Strategic Advisors LLC’s holdings, making the stock its 10th biggest position. Strategic Advisors LLC’s holdings in Visa were worth $9,416,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Visionary Wealth Advisors grew its holdings in shares of Visa by 3.9% in the fourth quarter. Visionary Wealth Advisors now owns 4,685 shares of the credit-card processor’s stock worth $1,220,000 after acquiring an additional 177 shares during the period. Caxton Associates LP bought a new stake in shares of Visa during the 4th quarter valued at about $2,601,000. First Financial Bankshares Inc purchased a new stake in shares of Visa during the 4th quarter valued at about $1,222,000. Garner Asset Management Corp bought a new position in shares of Visa in the 4th quarter worth approximately $103,000. Finally, Point72 Europe London LLP purchased a new position in shares of Visa in the fourth quarter worth approximately $672,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at $148,687.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on V shares. BNP Paribas upgraded shares of Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price target on the stock in a research report on Tuesday, September 3rd. Bank of America lifted their target price on Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. BMO Capital Markets boosted their target price on shares of Visa from $300.00 to $310.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Jefferies Financial Group decreased their target price on Visa from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, Morgan Stanley restated an “overweight” rating and set a $322.00 price objective on shares of Visa in a research note on Wednesday, September 25th. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and a consensus target price of $312.04.

Visa Stock Performance

Shares of V traded down $0.11 during mid-day trading on Thursday, reaching $276.82. 1,405,214 shares of the company’s stock were exchanged, compared to its average volume of 7,127,425. The business’s fifty day simple moving average is $273.71 and its 200-day simple moving average is $272.71. Visa Inc. has a 52-week low of $228.03 and a 52-week high of $293.07. The stock has a market capitalization of $506.29 billion, a PE ratio of 30.95, a price-to-earnings-growth ratio of 1.92 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The company had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.92 billion. During the same period last year, the firm posted $2.16 EPS. Visa’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities research analysts expect that Visa Inc. will post 9.92 earnings per share for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.75%. The ex-dividend date was Friday, August 9th. Visa’s dividend payout ratio is presently 23.24%.

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.