Schnieders Capital Management LLC Has $4.01 Million Stock Position in Visa Inc. (NYSE:V)

Schnieders Capital Management LLC lowered its holdings in shares of Visa Inc. (NYSE:V) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,386 shares of the credit-card processor’s stock after selling 101 shares during the period. Visa makes up about 0.9% of Schnieders Capital Management LLC’s holdings, making the stock its 28th biggest position. Schnieders Capital Management LLC’s holdings in Visa were worth $4,006,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new position in shares of Visa in the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new position in shares of Visa in the fourth quarter valued at approximately $32,000. Nalls Sherbakoff Group LLC lifted its holdings in shares of Visa by 545.5% in 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 in the last quarter. Valued Wealth Advisors LLC bought a new position in shares of Visa in the fourth quarter valued at approximately $37,000. Finally, Macroview Investment Management LLC lifted its holdings in shares of Visa by 1,019.2% in the third quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock valued at $67,000 after purchasing an additional 265 shares in the last quarter. 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 8,200 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Peter M. Andreski sold 2,615 shares of the 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 transaction, 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 90 days, insiders sold 18,965 shares of company stock worth $5,256,352. 0.19% of the stock is currently owned by company insiders.

Visa Trading Down 0.6 %

Shares of V stock opened at $273.46 on Thursday. The stock has a market capitalization of $502.21 billion, a PE ratio of 30.73, a P/E/G ratio of 1.89 and a beta of 0.96. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The business has a 50-day moving average of $279.44 and a 200 day moving average of $263.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.08. The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a return on equity of 51.72% and a net margin of 53.87%. Visa’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.09 EPS. As a group, sell-side analysts anticipate that Visa Inc. will post 9.88 earnings per share for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is currently 23.24%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Mizuho reiterated a “neutral” rating and set a $265.00 price target on shares of Visa in a report on Wednesday, March 27th. Robert W. Baird lifted their price target on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Oppenheimer lifted their price target on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday. Wedbush lifted their price target on Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, William Blair reiterated an “outperform” rating on shares of Visa in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $302.58.

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.