Enclave Advisors LLC Trims Stock Holdings in Visa Inc. (NYSE:V)

Enclave Advisors LLC lowered its position in shares of Visa Inc. (NYSE:V) by 9.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,073 shares of the credit-card processor’s stock after selling 109 shares during the quarter. Enclave Advisors LLC’s holdings in Visa were worth $339,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Atomi Financial Group Inc. increased its stake in Visa by 19.7% during the 4th quarter. Atomi Financial Group Inc. now owns 15,980 shares of the credit-card processor’s stock valued at $5,050,000 after purchasing an additional 2,630 shares in the last quarter. Monterey Private Wealth Inc. grew its holdings in shares of Visa by 3.1% during the fourth quarter. Monterey Private Wealth Inc. now owns 4,938 shares of the credit-card processor’s stock valued at $1,561,000 after buying an additional 148 shares during the last quarter. Transform Wealth LLC increased its position in shares of Visa by 95.0% during the fourth quarter. Transform Wealth LLC now owns 14,795 shares of the credit-card processor’s stock valued at $4,676,000 after acquiring an additional 7,206 shares in the last quarter. Alpha Cubed Investments LLC raised its holdings in Visa by 1.5% in the 4th quarter. Alpha Cubed Investments LLC now owns 119,538 shares of the credit-card processor’s stock worth $37,779,000 after acquiring an additional 1,736 shares during the last quarter. Finally, Clear Harbor Asset Management LLC lifted its position in Visa by 4.9% in the 4th quarter. Clear Harbor Asset Management LLC now owns 31,483 shares of the credit-card processor’s stock valued at $9,950,000 after acquiring an additional 1,475 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

NYSE:V opened at $328.18 on Friday. The stock has a 50-day moving average price of $314.14 and a 200 day moving average price of $289.71. The stock has a market capitalization of $611.36 billion, a P/E ratio of 33.73, a P/E/G ratio of 2.17 and a beta of 0.96. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $328.51. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same period last year, the firm posted $2.33 EPS. The company’s revenue was up 11.7% on a year-over-year basis. Equities research analysts forecast that Visa Inc. will post 11.2 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 annualized dividend and a yield of 0.72%. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s payout ratio is presently 24.25%.

Insider Buying and Selling at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on 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. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on V shares. Citigroup boosted their price target on Visa from $326.00 to $354.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. BMO Capital Markets boosted their target price on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Macquarie raised their price target on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Barclays boosted their price objective on shares of Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, Robert W. Baird raised their target price on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Four investment 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $332.81.

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.