Cypress Capital LLC Sells 112 Shares of Visa Inc. (NYSE:V)

Cypress Capital LLC trimmed its holdings in shares of Visa Inc. (NYSE:V) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,019 shares of the credit-card processor’s stock after selling 112 shares during the quarter. Visa accounts for about 0.9% of Cypress Capital LLC’s portfolio, making the stock its 15th largest position. Cypress Capital LLC’s holdings in Visa were worth $3,166,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in V. Thompson Davis & CO. Inc. grew its position in shares of Visa by 3.7% in the 4th quarter. Thompson Davis & CO. Inc. now owns 1,222 shares of the credit-card processor’s stock valued at $386,000 after buying an additional 44 shares during the last quarter. Wealth Management Nebraska acquired a new position in shares of Visa in the fourth quarter worth approximately $490,000. Prentice Wealth Management LLC boosted its holdings in Visa by 2.2% in the fourth quarter. Prentice Wealth Management LLC now owns 5,068 shares of the credit-card processor’s stock valued at $1,602,000 after acquiring an additional 110 shares during the last quarter. Ipswich Investment Management Co. Inc. increased its position in Visa by 2.3% during the 4th quarter. Ipswich Investment Management Co. Inc. now owns 27,618 shares of the credit-card processor’s stock valued at $8,729,000 after purchasing an additional 615 shares during the period. Finally, Bell Bank raised its holdings in Visa by 1.2% during the 4th quarter. Bell Bank now owns 14,401 shares of the credit-card processor’s stock worth $4,551,000 after purchasing an additional 167 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on V shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Citigroup reiterated a “neutral” rating on shares of Visa in a report on Thursday, February 13th. William Blair reissued an “outperform” rating on shares of Visa in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their target price on Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Macquarie boosted their price target on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $353.96.

Visa Stock Up 0.3 %

Shares of NYSE:V opened at $349.46 on Tuesday. The business’s 50 day moving average is $329.81 and its 200 day moving average is $303.29. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $357.15. The stock has a market cap of $649.21 billion, a price-to-earnings ratio of 35.23, a PEG ratio of 2.33 and a beta of 0.97. 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 (NYSE:V) last posted its quarterly earnings data 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 forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s payout ratio is 23.79%.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,885 shares of company stock worth $19,161,447. 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.