Tradewinds Capital Management LLC Decreases Stock Position in Visa Inc. $V

Tradewinds Capital Management LLC lessened its holdings in Visa Inc. (NYSE:V) by 69.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 179 shares of the credit-card processor’s stock after selling 399 shares during the quarter. Tradewinds Capital Management LLC’s holdings in Visa were worth $64,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Hoese & Co LLP bought a new position in Visa in the 2nd quarter valued at $36,000. Bell & Brown Wealth Advisors LLC grew its position in Visa by 4.6% in the 2nd quarter. Bell & Brown Wealth Advisors LLC now owns 949 shares of the credit-card processor’s stock valued at $337,000 after acquiring an additional 42 shares during the last quarter. Foster & Motley Inc. grew its position in Visa by 40.4% in the 2nd quarter. Foster & Motley Inc. now owns 25,710 shares of the credit-card processor’s stock valued at $9,128,000 after acquiring an additional 7,397 shares during the last quarter. Rodgers & Associates LTD bought a new position in Visa in the 2nd quarter valued at $212,000. Finally, Hartline Investment Corp grew its position in Visa by 24.1% in the 2nd quarter. Hartline Investment Corp now owns 26,146 shares of the credit-card processor’s stock valued at $9,283,000 after acquiring an additional 5,083 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Trading Up 0.7%

Shares of NYSE V opened at $344.44 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $631.28 billion, a P/E ratio of 33.64, a price-to-earnings-growth ratio of 2.03 and a beta of 0.90. Visa Inc. has a 1-year low of $280.78 and a 1-year high of $375.51. The business has a fifty day moving average price of $344.47 and a 200 day moving average price of $347.11.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.13. The firm had revenue of $10.17 billion during the quarter, compared to analysts’ expectations of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.The firm’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.42 EPS. Equities research analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, August 12th. Visa’s dividend payout ratio is 23.05%.

Insiders Place Their Bets

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the sale, the general counsel directly owned 11,925 shares in the company, valued at $4,102,438.50. This represents a 14.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total value of $3,589,015.50. Following the sale, the chief executive officer owned 537 shares of the company’s stock, valued at $183,815.10. This trade represents a 95.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on V shares. Deutsche Bank Aktiengesellschaft started coverage on Visa in a research report on Thursday, July 17th. They issued a “buy” rating and a $410.00 price objective on the stock. Barclays reaffirmed an “overweight” rating and issued a $408.00 price objective (up previously from $396.00) on shares of Visa in a research report on Thursday, July 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Visa in a research report on Wednesday, October 8th. Robert W. Baird set a $410.00 price target on Visa and gave the stock an “outperform” rating in a research report on Monday, October 6th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Visa in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $389.00.

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.