Visa Inc. (NYSE:V) Shares Sold by Buckhead Capital Management LLC

Buckhead Capital Management LLC lowered its holdings in Visa Inc. (NYSE:V) by 0.8% in the fourth quarter, HoldingsChannel reports. The firm owned 14,121 shares of the credit-card processor’s stock after selling 108 shares during the quarter. Buckhead Capital Management LLC’s holdings in Visa were worth $4,463,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. purchased a new stake in shares of Visa during the third quarter worth $26,000. Decker Retirement Planning Inc. purchased a new stake in Visa during the 4th quarter worth about $26,000. Reston Wealth Management LLC acquired a new stake in Visa in the 3rd quarter valued at about $31,000. POM Investment Strategies LLC boosted its stake in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after buying an additional 32 shares during the period. Finally, Modus Advisors LLC acquired a new position in shares of Visa during the fourth quarter worth about $32,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on V shares. The Goldman Sachs Group lifted their price target on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their target price on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Bank of America raised their price target on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Susquehanna upped their price objective on Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada raised their target price on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $354.73.

Visa Stock Performance

NYSE:V opened at $353.73 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The firm has a market cap of $657.15 billion, a price-to-earnings ratio of 35.66, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. The firm’s fifty day moving average price is $325.14 and its 200 day moving average price is $298.94. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $356.08.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, sell-side analysts expect that Visa Inc. will post 11.27 EPS for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. Visa’s dividend payout ratio is currently 23.79%.

Insider Activity at Visa

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the sale, the insider now owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. Insiders have sold a total of 58,056 shares of company stock worth $19,830,050 over the last three months. 0.13% of the stock is currently owned by corporate insiders.

About Visa

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.