Bison Wealth LLC Sells 7,944 Shares of Visa Inc. (NYSE:V)

Bison Wealth LLC trimmed its stake in Visa Inc. (NYSE:V) by 59.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,332 shares of the credit-card processor’s stock after selling 7,944 shares during the period. Bison Wealth LLC’s holdings in Visa were worth $1,685,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Decker Retirement Planning Inc. acquired a new stake in Visa during the 4th quarter valued at $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Visa during the fourth quarter worth $27,000. POM Investment Strategies LLC increased its stake in shares of Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after buying an additional 32 shares in the last quarter. Modus Advisors LLC bought a new position in shares of Visa in the fourth quarter valued at about $32,000. Finally, Compass Planning Associates Inc acquired a new position in Visa during the 4th quarter worth about $32,000. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $2,930,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the transaction, the insider now directly owns 26,413 shares in the company, valued at $8,642,333.60. The trade was a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,205 shares of company stock worth $48,842,490. 0.13% of the stock is owned by insiders.

Visa Price Performance

V stock opened at $341.46 on Wednesday. The stock has a 50-day moving average price of $337.89 and a two-hundred day moving average price of $323.52. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The stock has a market cap of $634.36 billion, a PE ratio of 34.42, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. The business had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. Visa’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the company earned $2.51 earnings per share. Equities analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.69%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on V. The Goldman Sachs Group boosted their target price on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Oppenheimer reaffirmed an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. Finally, Susquehanna reiterated a “positive” rating on shares of Visa in a research report on Friday, March 21st. Seven research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average price target of $358.17.

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.