Visa Inc. (NYSE:V) is Vestor Capital LLC’s 7th Largest Position

Vestor Capital LLC trimmed its position in shares of Visa Inc. (NYSE:VFree Report) by 8.4% during the fourth quarter, HoldingsChannel reports. The fund owned 115,748 shares of the credit-card processor’s stock after selling 10,678 shares during the quarter. Visa comprises 2.9% of Vestor Capital LLC’s holdings, making the stock its 7th biggest position. Vestor Capital LLC’s holdings in Visa were worth $30,135,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GoalVest Advisory LLC lifted its stake in Visa by 3.4% in the 4th quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock worth $317,000 after acquiring an additional 40 shares in the last quarter. Destiny Wealth Partners LLC grew its stake in Visa by 2.5% in the fourth quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock valued at $433,000 after purchasing an additional 40 shares in the last quarter. TCI Wealth Advisors Inc. raised its stake in shares of Visa by 0.8% during the 4th quarter. TCI Wealth Advisors Inc. now owns 5,107 shares of the credit-card processor’s stock worth $1,330,000 after purchasing an additional 40 shares in the last quarter. Sunflower Bank N.A. lifted its holdings in shares of Visa by 1.3% during the 4th quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock valued at $818,000 after buying an additional 41 shares during the last quarter. Finally, Parker Financial LLC increased its holdings in Visa by 4.8% in the fourth quarter. Parker Financial LLC now owns 925 shares of the credit-card processor’s stock worth $241,000 after buying an additional 42 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on V shares. Oppenheimer increased their price objective on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Citigroup lifted their price objective on Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Susquehanna increased their price objective on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research report on Friday, January 26th. Evercore ISI boosted their price target on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, Wells Fargo & Company boosted their price target on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average target price of $303.00.

Get Our Latest Stock Report on Visa

Insider Buying and Selling

In other news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Visa news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

Visa Price Performance

NYSE V traded up $2.20 during trading on Friday, hitting $280.74. 8,937,485 shares of the company’s stock were exchanged, compared to its average volume of 6,825,215. The company has a market cap of $513.46 billion, a PE ratio of 31.37, a P/E/G ratio of 1.87 and a beta of 0.95. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average price is $277.56 and its two-hundred day moving average price is $266.53. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. Visa’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.09 EPS. Research analysts expect that Visa Inc. will post 9.94 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.74%. Visa’s dividend payout ratio (DPR) is 23.24%.

Visa Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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