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

Stillwater Capital Advisors LLC trimmed its position in Visa Inc. (NYSE:V) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,816 shares of the credit-card processor’s stock after selling 178 shares during the period. Visa accounts for approximately 2.6% of Stillwater Capital Advisors LLC’s investment portfolio, making the stock its 12th biggest holding. Stillwater Capital Advisors LLC’s holdings in Visa were worth $16,094,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in V. BCK Partners Inc. purchased a new stake in Visa in the first quarter valued at $2,717,000. Markel Corp boosted its holdings in Visa by 0.3% in the first quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock valued at $213,144,000 after purchasing an additional 3,065 shares during the last quarter. AMI Investment Management Inc. purchased a new stake in shares of Visa during the 1st quarter worth about $2,323,000. Ergoteles LLC purchased a new stake in shares of Visa during the 1st quarter worth about $538,000. Finally, XTX Topco Ltd purchased a new stake in shares of Visa during the 1st quarter worth about $1,496,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Trading Up 0.0 %

Shares of NYSE V traded up $0.06 during midday trading on Friday, reaching $279.08. 5,844,358 shares of the stock were exchanged, compared to its average volume of 6,182,342. The company has a 50 day simple moving average of $279.11 and a 200 day simple moving average of $258.66. The stock has a market capitalization 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 twelve month low of $216.14 and a twelve month high of $290.96.

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, topping analysts’ consensus estimates 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 net margin of 53.92% and a return on equity of 50.02%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the company posted $2.18 EPS. As a group, equities analysts expect that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. Visa’s payout ratio is currently 23.94%.

Insider Buying and Selling

In related news, insider Rajat Taneja sold 36,546 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the transaction, the insider now owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the firm’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,311 shares of company stock valued at $12,832,129. Company insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Monness Crespi & Hardt assumed coverage on shares of Visa in a research note on Wednesday, December 20th. They set a “neutral” rating on the stock. Barclays increased their target price on shares of Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Raymond James increased their target price on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. BMO Capital Markets started coverage on shares of Visa in a research report on Tuesday, December 5th. They set an “outperform” rating and a $280.00 price target for the company. Finally, Royal Bank of Canada upped their price target on shares of Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $295.82.

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.