Tennessee Valley Asset Management Partners Sells 125 Shares of Visa Inc. (NYSE:V)

Tennessee Valley Asset Management Partners decreased its stake in shares of Visa Inc. (NYSE:V) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,381 shares of the credit-card processor’s stock after selling 125 shares during the period. Tennessee Valley Asset Management Partners’ holdings in Visa were worth $437,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Peterson Financial Group Inc. bought a new position in Visa in the 3rd quarter worth about $26,000. Decker Retirement Planning Inc. bought a new position in shares of Visa during the 4th quarter valued at about $26,000. Reston Wealth Management LLC bought a new position in shares of Visa during the 3rd quarter valued at about $31,000. Modus Advisors LLC purchased a new stake in Visa during the 4th quarter valued at about $32,000. Finally, West Financial Advisors LLC boosted its holdings in Visa by 101.4% during the 3rd 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. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

NYSE:V opened at $334.80 on Wednesday. The stock has a 50-day simple moving average of $315.39 and a two-hundred day simple moving average of $291.29. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $337.83. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market capitalization of $623.69 billion, a PE ratio of 34.41, a P/E/G ratio of 2.17 and a beta of 0.96.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.13. The business had revenue of $9.62 billion during 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%. Visa’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.33 earnings per share. Analysts forecast that Visa Inc. will post 11.19 EPS for the current year.

Analyst Ratings Changes

V has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their price objective on Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Royal Bank of Canada lifted their price objective on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Bank of America lifted their price objective on Visa from $314.00 to $331.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Mizuho lifted their price objective on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $335.52.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

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.