Visa Inc. (NYSE:V) Shares Sold by Waters Parkerson & CO. LLC

Waters Parkerson & CO. LLC lessened its position in shares of Visa Inc. (NYSE:VFree Report) by 0.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 336,654 shares of the credit-card processor’s stock after selling 410 shares during the quarter. Visa makes up about 4.6% of Waters Parkerson & CO. LLC’s investment portfolio, making the stock its 2nd largest position. Waters Parkerson & CO. LLC’s holdings in Visa were worth $77,434,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Hibernia Wealth Partners LLC acquired a new stake in Visa in the 3rd quarter valued at $25,000. West Tower Group LLC bought a new position in shares of Visa during the second quarter valued at $30,000. Nalls Sherbakoff Group LLC boosted its stake in shares of Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after purchasing an additional 120 shares in the last quarter. Financial Freedom LLC bought a new stake in shares of Visa in the 4th quarter worth about $32,000. Finally, FNY Investment Advisers LLC lifted its holdings in Visa by 227.7% during the 3rd quarter. FNY Investment Advisers LLC now owns 154 shares of the credit-card processor’s stock valued at $35,000 after purchasing an additional 107 shares during the last quarter. 81.35% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Down 0.1 %

Visa stock opened at $276.13 on Monday. Visa Inc. has a twelve month low of $208.76 and a twelve month high of $279.99. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average of $264.58 and a 200-day moving average of $249.42. The stock has a market capitalization of $507.12 billion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 1.91 and a beta of 0.97.

Visa (NYSE:VGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating the consensus estimate of $2.34 by $0.07. The firm had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.18 earnings per share. On average, equities research analysts anticipate that Visa Inc. will post 9.91 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 9th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, February 8th. Visa’s dividend payout ratio is currently 23.94%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on V shares. Royal Bank of Canada lifted their target price on shares of Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Citigroup boosted their price objective on Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Raymond James raised their target price on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Susquehanna raised their price target on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a report on Friday, January 26th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $290.55.

Get Our Latest Report on V

Insider Activity

In other news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders sold a total of 97,472 shares of company stock valued at $25,695,420 in the last quarter. Company insiders own 0.19% of the company’s stock.

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.

Further Reading

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:VFree Report).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.