Visa Inc. (NYSE:V) Shares Sold by Chilton Capital Management LLC

Chilton Capital Management LLC lessened its holdings in Visa Inc. (NYSE:V) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 129,159 shares of the credit-card processor’s stock after selling 453 shares during the period. Visa comprises 1.7% of Chilton Capital Management LLC’s holdings, making the stock its 9th biggest holding. Chilton Capital Management LLC’s holdings in Visa were worth $33,626,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in V. BCK Partners Inc. bought a new position in Visa during the 1st quarter worth $2,717,000. Markel Corp raised its holdings in Visa by 0.3% during the 1st quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock worth $213,144,000 after purchasing an additional 3,065 shares during the last quarter. AMI Investment Management Inc. acquired a new stake in shares of Visa during the first quarter worth $2,323,000. Ergoteles LLC acquired a new position in shares of Visa in the 1st quarter valued at about $538,000. Finally, XTX Topco Ltd bought a new stake in Visa in the first quarter worth approximately $1,496,000. Institutional investors own 82.15% of the company’s stock.

Visa Price Performance

V traded up $0.06 during trading on Friday, reaching $279.08. 5,844,358 shares of the company traded hands, compared to its average volume of 6,182,342. The company has a market cap of $512.53 billion, a P/E ratio of 32.12, a PEG ratio of 1.93 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The firm has a fifty day simple moving average of $279.11 and a 200 day simple moving average of $258.66.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. During the same quarter last year, the business posted $2.18 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities analysts forecast that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a $0.52 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Mizuho reiterated a “neutral” rating and set a $265.00 price target on shares of Visa in a research note on Wednesday. Barclays raised their target price on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, January 29th. UBS Group lifted their target price on shares of Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Finally, Evercore ISI raised their target price on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Tuesday. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $295.82.

Insider Buying and Selling

In other news, CAO Peter M. Andreski sold 2,615 shares of the company’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 transaction of $729,271.20. Following the transaction, the chief accounting officer now 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 available at this link. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the company’s 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now directly 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. In the last ninety days, insiders sold 47,311 shares of company stock valued at $12,832,129. Company insiders own 0.19% of the company’s stock.

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.