Visa Inc. (NYSE:V) Shares Sold by Cetera Trust Company N.A

Cetera Trust Company N.A lessened its holdings in shares of Visa Inc. (NYSE:V) by 0.9% during the 4th quarter, HoldingsChannel reports. The fund owned 10,176 shares of the credit-card processor’s stock after selling 95 shares during the period. Visa accounts for approximately 2.1% of Cetera Trust Company N.A’s portfolio, making the stock its 8th biggest holding. Cetera Trust Company N.A’s holdings in Visa were worth $3,216,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. MBB Public Markets I LLC lifted its position in Visa by 2,662.4% in the 2nd quarter. MBB Public Markets I LLC now owns 112,514 shares of the credit-card processor’s stock worth $29,532,000 after buying an additional 108,441 shares in the last quarter. Maverick Capital Ltd. raised its holdings in shares of Visa by 28.3% during the second quarter. Maverick Capital Ltd. now owns 590,112 shares of the credit-card processor’s stock worth $154,887,000 after acquiring an additional 130,254 shares in the last quarter. Matrix Private Capital Group LLC boosted its position in Visa by 2.3% during the second quarter. Matrix Private Capital Group LLC now owns 2,244 shares of the credit-card processor’s stock valued at $589,000 after purchasing an additional 50 shares during the last quarter. Marshfield Associates grew its stake in Visa by 0.3% in the second quarter. Marshfield Associates now owns 925,954 shares of the credit-card processor’s stock valued at $243,035,000 after purchasing an additional 2,825 shares in the last quarter. Finally, Makena Capital Management LLC increased its position in Visa by 1.7% in the 2nd quarter. Makena Capital Management LLC now owns 61,525 shares of the credit-card processor’s stock worth $16,148,000 after purchasing an additional 1,020 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Trading Up 0.6 %

Shares of Visa stock opened at $330.20 on Friday. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $331.09. The firm has a market capitalization of $615.11 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The company’s fifty day moving average price is $314.54 and its two-hundred day moving average price is $289.98.

Visa (NYSE:V) last posted its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.33 earnings per share. On average, analysts expect that Visa Inc. will post 11.19 EPS for the current year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Tuesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is 24.25%.

Insider Activity at Visa

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. TD Cowen boosted their target price on shares of Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barclays raised their price target on shares of Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Bank of America upped their price objective on shares of Visa from $314.00 to $331.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Robert W. Baird raised their target price on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average target price of $334.58.

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.