Franklin Street Advisors Inc. NC Sells 80 Shares of Visa Inc. (NYSE:V)

Franklin Street Advisors Inc. NC cut its stake in shares of Visa Inc. (NYSE:V) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,304 shares of the credit-card processor’s stock after selling 80 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Visa were worth $412,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. AdvisorShares Investments LLC boosted its holdings in Visa by 4.3% in the 2nd quarter. AdvisorShares Investments LLC now owns 1,695 shares of the credit-card processor’s stock valued at $446,000 after purchasing an additional 70 shares during the period. Qsemble Capital Management LP increased its stake in Visa by 187.7% during the 2nd quarter. Qsemble Capital Management LP now owns 15,550 shares of the credit-card processor’s stock worth $4,081,000 after acquiring an additional 10,146 shares during the period. Cibc World Market Inc. raised its holdings in Visa by 2.2% in the 2nd quarter. Cibc World Market Inc. now owns 882,371 shares of the credit-card processor’s stock valued at $231,596,000 after acquiring an additional 19,232 shares in the last quarter. Y.D. More Investments Ltd lifted its position in shares of Visa by 9.4% during the 2nd quarter. Y.D. More Investments Ltd now owns 17,109 shares of the credit-card processor’s stock valued at $4,490,000 after acquiring an additional 1,466 shares during the period. Finally, Achmea Investment Management B.V. grew its holdings in shares of Visa by 3.5% during the 2nd quarter. Achmea Investment Management B.V. now owns 185,329 shares of the credit-card processor’s stock worth $48,644,000 after purchasing an additional 6,253 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Down 1.7 %

Shares of NYSE V traded down $5.40 during midday trading on Friday, hitting $307.20. 2,064,595 shares of the stock traded hands, compared to its average volume of 4,701,834. Visa Inc. has a one year low of $252.70 and a one year high of $321.61. The business has a 50 day moving average price of $311.80 and a two-hundred day moving average price of $286.63. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market cap of $572.28 billion, a PE ratio of 31.57, a P/E/G ratio of 2.11 and a beta of 0.96.

Visa (NYSE:V) last announced its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.13. The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $2.33 EPS. On average, equities analysts predict that Visa Inc. will post 11.23 EPS for the current year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were paid a $0.59 dividend. This is an increase from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 annualized dividend and a yield of 0.77%. Visa’s dividend payout ratio is presently 24.25%.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group upped their price objective on shares of Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. BMO Capital Markets increased their price target on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Citigroup boosted their price objective on shares of Visa from $319.00 to $326.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Royal Bank of Canada lifted their price target on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Bank of America raised their price objective on Visa from $279.00 to $308.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $330.85.

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.