Roman Butler Fullerton & Co. Sells 63 Shares of Visa Inc. (NYSE:V)

Roman Butler Fullerton & Co. reduced its stake in shares of Visa Inc. (NYSE:V) by 1.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,622 shares of the credit-card processor’s stock after selling 63 shares during the period. Roman Butler Fullerton & Co.’s holdings in Visa were worth $1,238,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of V. Hibernia Wealth Partners LLC purchased a new stake in shares of Visa in the 3rd quarter worth about $25,000. Altshuler Shaham Ltd purchased a new position in Visa during the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC purchased a new position in Visa during the 4th quarter valued at about $32,000. Nalls Sherbakoff Group LLC lifted its position in Visa by 545.5% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after acquiring an additional 120 shares during the period. Finally, Valued Wealth Advisors LLC purchased a new position in Visa during the 4th quarter valued at about $37,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, 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 completion of the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. Insiders sold a total of 18,965 shares of company stock worth $5,256,352 over the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

Visa Stock Down 0.5 %

V stock opened at $271.37 on Friday. The company’s 50 day moving average price is $279.71 and its 200 day moving average price is $262.62. 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 fifty-two week low of $216.14 and a fifty-two week high of $290.96. The firm has a market capitalization of $498.37 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 1.88 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. During the same period in the prior year, the company earned $2.18 earnings per share. The company’s revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts anticipate that Visa Inc. will post 9.88 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio is currently 23.94%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on V. Susquehanna lifted their target price on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a report on Friday, January 26th. Redburn Atlantic reaffirmed a “neutral” rating and issued a $307.00 target price on shares of Visa in a report on Wednesday, March 27th. William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Friday, January 26th. Citigroup lifted their price target on shares of Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, KeyCorp lifted their price target on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, January 8th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $298.43.

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.