Visa Inc. (NYSE:V) Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. decreased its position in Visa Inc. (NYSE:V) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,628 shares of the credit-card processor’s stock after selling 205 shares during the period. J.W. Cole Advisors Inc.’s holdings in Visa were worth $8,100,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in V. Opes Wealth Management LLC lifted its stake in Visa by 8.6% during the fourth quarter. Opes Wealth Management LLC now owns 859 shares of the credit-card processor’s stock worth $271,000 after purchasing an additional 68 shares in the last quarter. Valmark Advisers Inc. grew its holdings in Visa by 0.4% during the 4th quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor’s stock worth $2,292,000 after acquiring an additional 30 shares in the last quarter. MOKAN Wealth Management Inc. purchased a new stake in Visa during the 4th quarter worth about $1,236,000. Blue Zone Wealth Advisors LLC lifted its stake in Visa by 2.2% during the fourth quarter. Blue Zone Wealth Advisors LLC now owns 23,821 shares of the credit-card processor’s stock worth $7,529,000 after purchasing an additional 523 shares during the last quarter. Finally, Copperleaf Capital LLC boosted its holdings in shares of Visa by 17.0% in the 4th quarter. Copperleaf Capital LLC now owns 5,556 shares of the credit-card processor’s stock valued at $1,756,000 after buying an additional 807 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Visa

In other news, CAO Peter M. Andreski sold 2,332 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,056 shares of company stock valued at $19,830,050 over the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

V has been the topic of several research analyst reports. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods lifted their price objective on Visa from $360.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Susquehanna boosted their price objective on shares of Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a report on Friday, January 31st. Mizuho upped their target price on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company lifted their price objective on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and a consensus target price of $354.73.

Visa Trading Up 0.6 %

NYSE:V opened at $356.04 on Wednesday. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $356.74. The business’s 50-day moving average is $326.05 and its two-hundred day moving average is $300.04. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The firm has a market capitalization of $661.45 billion, a PE ratio of 35.89, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Research analysts predict that Visa Inc. will post 11.27 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio is currently 23.79%.

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.