MV Capital Management Inc. Sells 129 Shares of Visa Inc. (NYSE:V)

MV Capital Management Inc. trimmed its position in Visa Inc. (NYSE:V) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,081 shares of the credit-card processor’s stock after selling 129 shares during the period. MV Capital Management Inc.’s holdings in Visa were worth $5,398,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of V. Howard Capital Management Group LLC increased its stake in Visa by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock valued at $29,242,000 after buying an additional 610 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Visa by 7.7% in the third quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor’s stock valued at $1,576,366,000 after acquiring an additional 411,210 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Visa by 110.5% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 27,957 shares of the credit-card processor’s stock worth $7,687,000 after acquiring an additional 14,675 shares in the last quarter. Carl P. Sherr & Co. LLC boosted its position in Visa by 1.0% during the third quarter. Carl P. Sherr & Co. LLC now owns 5,906 shares of the credit-card processor’s stock valued at $1,624,000 after purchasing an additional 60 shares during the last quarter. Finally, Providence Wealth Advisors LLC bought a new position in Visa in the third quarter valued at approximately $224,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Trading Down 2.1 %

Shares of Visa stock opened at $342.62 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The company has a market capitalization of $636.51 billion, a price-to-earnings ratio of 34.54, a PEG ratio of 2.33 and a beta of 0.95. The firm’s 50-day moving average price is $343.60 and its two-hundred day moving average price is $315.06.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s dividend payout ratio is presently 23.79%.

Insider Activity

In other Visa news, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the sale, the general counsel now owns 11,925 shares in the company, valued at $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was 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. In the last quarter, insiders have sold 143,205 shares of company stock worth $48,560,961. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the topic of a number of analyst reports. Morgan Stanley upped their price objective on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Friday, January 31st. The Goldman Sachs Group lifted their price objective on shares of Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Bank of America upped their target price on shares of Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Finally, Barclays lifted their price target on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $355.84.

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.