Visa Inc. (NYSE:V) Shares Sold by CCM Investment Advisers LLC

CCM Investment Advisers LLC lessened its stake in Visa Inc. (NYSE:V) by 0.6% during the fourth quarter, Holdings Channel reports. The firm owned 53,539 shares of the credit-card processor’s stock after selling 325 shares during the period. Visa makes up about 1.9% of CCM Investment Advisers LLC’s holdings, making the stock its 18th biggest holding. CCM Investment Advisers LLC’s holdings in Visa were worth $16,921,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Peterson Financial Group Inc. purchased a new position in Visa in the 3rd quarter worth approximately $26,000. Reston Wealth Management LLC bought a new stake in Visa in the third quarter valued at about $31,000. Modus Advisors LLC acquired a new stake in shares of Visa during the 4th quarter valued at approximately $32,000. Fairway Wealth LLC acquired a new stake in shares of Visa during the 2nd quarter worth approximately $39,000. Finally, West Financial Advisors LLC boosted its holdings in shares of Visa by 101.4% during the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after acquiring an additional 73 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Down 2.0 %

Shares of NYSE:V traded down $6.26 during trading on Friday, reaching $306.34. 2,186,116 shares of the company traded hands, compared to its average volume of 4,726,528. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $321.61. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The firm has a market cap of $570.67 billion, a P/E ratio of 31.48, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96. The firm has a fifty day simple moving average of $311.80 and a 200 day simple moving average of $286.63.

Visa (NYSE:V) last issued its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.13. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.33 EPS. Analysts anticipate that Visa Inc. will post 11.23 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.77%. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio is presently 24.25%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Bank of America increased their price objective on shares of Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. BMO Capital Markets boosted their price objective on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Barclays raised their target price on Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Morgan Stanley raised their price target on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, Monness Crespi & Hardt reaffirmed a “neutral” rating on shares of Visa in a research note on Tuesday, September 24th. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Visa presently has an average rating of “Moderate Buy” and a consensus target price of $330.85.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

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.