Buffington Mohr McNeal Has $10.15 Million Stake in Visa Inc. (NYSE:V)

Buffington Mohr McNeal decreased its holdings in shares of Visa Inc. (NYSE:V) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,003 shares of the credit-card processor’s stock after selling 633 shares during the quarter. Visa comprises approximately 2.0% of Buffington Mohr McNeal’s investment portfolio, making the stock its 18th biggest holding. Buffington Mohr McNeal’s holdings in Visa were worth $10,154,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Hibernia Wealth Partners LLC acquired a new position in Visa during the third quarter valued at approximately $25,000. Altshuler Shaham Ltd acquired a new position in Visa during the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC acquired a new position in Visa during the fourth quarter valued at approximately $32,000. Financial Freedom LLC acquired a new position in Visa during the fourth quarter valued at approximately $32,000. Finally, Nalls Sherbakoff Group LLC grew its holdings in Visa by 545.5% during the third 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 during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Visa news, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at $62,716,662.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,511 shares of company stock valued at $15,131,081. 0.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Monness Crespi & Hardt assumed coverage on shares of Visa in a report on Wednesday, December 20th. They set a “neutral” rating for the company. Evercore ISI lifted their price target on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Robert W. Baird lifted their price target on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday. William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Friday, January 26th. Finally, Wedbush lifted their price target on shares of Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and an average price target of $298.43.

Visa Stock Performance

NYSE V opened at $272.69 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The firm’s fifty day moving average price is $279.80 and its two-hundred day moving average price is $262.56. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The firm has a market capitalization of $500.80 billion, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96.

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

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.76%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is currently 23.94%.

Visa 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.