Visa Inc. (NYSE:V) Shares Sold by MONECO Advisors LLC

MONECO Advisors LLC lowered its holdings in Visa Inc. (NYSE:V) by 5.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 8,974 shares of the credit-card processor’s stock after selling 516 shares during the quarter. MONECO Advisors LLC’s holdings in Visa were worth $2,836,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Howard Capital Management Inc. lifted its holdings in Visa by 6.7% in the fourth quarter. Howard Capital Management Inc. now owns 14,218 shares of the credit-card processor’s stock valued at $4,494,000 after acquiring an additional 898 shares during the period. Tradewinds Capital Management LLC lifted its holdings in Visa by 36.1% in the fourth quarter. Tradewinds Capital Management LLC now owns 577 shares of the credit-card processor’s stock valued at $182,000 after acquiring an additional 153 shares during the period. Lutz Financial Services LLC acquired a new stake in Visa in the fourth quarter valued at $224,000. Abound Financial LLC acquired a new stake in Visa in the fourth quarter valued at $431,000. Finally, Marshall Investment Management LLC acquired a new stake in Visa in the fourth quarter valued at $233,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the sale, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,885 shares of company stock valued at $19,161,447. Corporate insiders own 0.13% of the company’s stock.

Visa Stock Up 0.6 %

V opened at $352.00 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $653.93 billion, a price-to-earnings ratio of 35.48, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97. The business has a 50-day moving average of $330.49 and a two-hundred day moving average of $303.94. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $357.15.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, research analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on V shares. BMO Capital Markets raised their target price on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Robert W. Baird raised their price target on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. TD Cowen raised their price target on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Barclays raised their price target on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group raised their price target on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $353.96.

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.