Delta Investment Management LLC Trims Stake in Visa Inc. (NYSE:V)

Delta Investment Management LLC reduced its position in shares of Visa Inc. (NYSE:V) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,396 shares of the credit-card processor’s stock after selling 254 shares during the quarter. Delta Investment Management LLC’s holdings in Visa were worth $1,926,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Trifecta Capital Advisors LLC boosted its position in Visa by 2.7% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock valued at $4,641,000 after acquiring an additional 536 shares in the last quarter. New Hampshire Trust boosted its position in shares of Visa by 1.9% in the 3rd quarter. New Hampshire Trust now owns 13,944 shares of the credit-card processor’s stock worth $3,207,000 after purchasing an additional 266 shares in the last quarter. CreativeOne Wealth LLC boosted its position in shares of Visa by 2.7% in the 3rd quarter. CreativeOne Wealth LLC now owns 20,518 shares of the credit-card processor’s stock worth $4,720,000 after purchasing an additional 542 shares in the last quarter. B.O.S.S. Retirement Advisors LLC boosted its position in shares of Visa by 10.8% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 11,960 shares of the credit-card processor’s stock worth $2,751,000 after purchasing an additional 1,166 shares in the last quarter. Finally, Nikulski Financial Inc. boosted its position in shares of Visa by 4.0% in the 3rd quarter. Nikulski Financial Inc. now owns 12,928 shares of the credit-card processor’s stock worth $2,974,000 after purchasing an additional 499 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

V has been the subject of a number of research reports. Susquehanna lifted their price target on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. TD Cowen assumed coverage on Visa in a research note on Thursday, April 11th. They set a “buy” rating and a $320.00 price objective for the company. Barclays lifted their price objective on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Raymond James lifted their price objective on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Finally, Macquarie lifted their price objective on Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday. Five analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $302.58.

Insider Buying and Selling at Visa

In other Visa news, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares in the company, valued at $713,950.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Lloyd Carney sold 909 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares in the company, valued at $713,950.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Insiders sold 19,874 shares of company stock worth $5,506,827 over the last 90 days. Corporate insiders own 0.19% of the company’s stock.

Visa Trading Down 0.2 %

NYSE V traded down $0.64 on Friday, reaching $274.52. The stock had a trading volume of 6,840,615 shares, compared to its average volume of 6,528,673. The firm has a market capitalization of $504.16 billion, a price-to-earnings ratio of 30.67, a P/E/G ratio of 1.89 and a beta of 0.96. The company has a quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The stock has a fifty day moving average price of $279.24 and a two-hundred day moving average price of $264.33.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. The firm had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. Visa’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.09 earnings per share. As a group, sell-side analysts forecast that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Announces Dividend

The business 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 of this dividend is Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.76%. 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.