Jackson Hole Capital Partners LLC Sells 5,647 Shares of Visa Inc. (NYSE:V)

Jackson Hole Capital Partners LLC trimmed its holdings in Visa Inc. (NYSE:V) by 42.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,800 shares of the credit-card processor’s stock after selling 5,647 shares during the period. Jackson Hole Capital Partners LLC’s holdings in Visa were worth $2,031,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Altshuler Shaham Ltd purchased a new position in Visa in the third quarter worth about $25,000. O Brien Wealth Partners LLC purchased a new position in Visa in the fourth quarter worth about $32,000. Nalls Sherbakoff Group LLC boosted its position in Visa by 545.5% in the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after purchasing an additional 120 shares during the last quarter. Valued Wealth Advisors LLC purchased a new position in Visa in the fourth quarter worth about $37,000. Finally, Macroview Investment Management LLC boosted its position in Visa by 1,019.2% in the third quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock worth $67,000 after purchasing an additional 265 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders sold 18,965 shares of company stock valued at $5,256,352 in the last three months. Corporate insiders own 0.19% of the company’s stock.

Visa Price Performance

NYSE V traded down $0.58 on Friday, reaching $274.58. The company had a trading volume of 6,840,359 shares, compared to its average volume of 5,951,953. The company has a quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $504.27 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96. The firm’s 50 day moving average price is $279.32 and its 200 day moving average price is $264.05. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same period last year, the company posted $2.09 EPS. The business’s revenue was up 9.9% on a year-over-year basis. As a group, equities analysts predict that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a $0.52 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. Visa’s payout ratio is currently 23.24%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Oppenheimer raised their target price on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research report on Wednesday. TD Cowen assumed coverage on shares of Visa in a research note on Thursday, April 11th. They set a “buy” rating and a $320.00 target price on the stock. William Blair reiterated an “outperform” rating on shares of Visa in a research report on Wednesday. UBS Group increased their price objective on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Barclays raised their price objective on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $302.58.

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.