William Howard & Co Financial Advisors Inc Sells 100 Shares of Visa Inc. (NYSE:V)

William Howard & Co Financial Advisors Inc cut its position in Visa Inc. (NYSE:V) by 8.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,082 shares of the credit-card processor’s stock after selling 100 shares during the quarter. William Howard & Co Financial Advisors Inc’s holdings in Visa were worth $284,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in V. Westend Capital Management LLC acquired a new stake in Visa in the first quarter valued at approximately $25,000. Livelsberger Financial Advisory bought a new stake in Visa during the 4th quarter worth $25,000. POM Investment Strategies LLC raised its position in Visa by 970.0% in the second quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock valued at $28,000 after purchasing an additional 97 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new stake in shares of Visa during the fourth quarter valued at about $33,000. Finally, TruNorth Capital Management LLC increased its stake in shares of Visa by 211.9% in the second quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock valued at $34,000 after buying an additional 89 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

V has been the topic of a number of recent research reports. Bank of America reiterated a “neutral” rating and set a $297.00 price target (down previously from $305.00) on shares of Visa in a report on Wednesday, July 10th. BNP Paribas upgraded shares of Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price target for the company in a report on Tuesday, September 3rd. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Compass Point began coverage on Visa in a report on Wednesday, September 4th. They set a “buy” rating and a $319.00 price target on the stock. Finally, Royal Bank of Canada lowered their price objective on shares of Visa from $315.00 to $311.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $309.54.

Visa Price Performance

Visa stock opened at $285.61 on Tuesday. Visa Inc. has a 52 week low of $227.78 and a 52 week high of $290.96. The company’s 50 day moving average price is $266.97 and its two-hundred day moving average price is $273.12. The stock has a market cap of $520.47 billion, a P/E ratio of 31.91, a P/E/G ratio of 1.97 and a beta of 0.96. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.42. The business had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.16 earnings per share. On average, equities analysts predict that Visa Inc. will post 9.92 earnings per share for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $2.08 annualized dividend and a dividend yield of 0.73%. Visa’s payout ratio is 23.24%.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the sale, the chief executive officer now owns 538 shares in the company, valued at $148,687.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is currently owned by company 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.