Visa Inc. (NYSE:V) Shares Sold by McIlrath & Eck LLC

McIlrath & Eck LLC lowered its stake in shares of Visa Inc. (NYSE:V) by 6.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,542 shares of the credit-card processor’s stock after selling 251 shares during the quarter. McIlrath & Eck LLC’s holdings in Visa were worth $974,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of V. AdvisorNet Financial Inc raised its holdings in shares of Visa by 2.2% in the second quarter. AdvisorNet Financial Inc now owns 6,251 shares of the credit-card processor’s stock valued at $1,641,000 after buying an additional 137 shares during the last quarter. 180 Wealth Advisors LLC increased its position in Visa by 3.2% in the 2nd quarter. 180 Wealth Advisors LLC now owns 11,254 shares of the credit-card processor’s stock valued at $2,955,000 after acquiring an additional 346 shares during the period. Baader Bank Aktiengesellschaft raised its stake in Visa by 9.3% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 58,655 shares of the credit-card processor’s stock valued at $15,299,000 after acquiring an additional 4,988 shares during the last quarter. Northcape Capital Pty Ltd lifted its position in Visa by 20.7% during the 2nd quarter. Northcape Capital Pty Ltd now owns 15,997 shares of the credit-card processor’s stock worth $4,199,000 after acquiring an additional 2,740 shares during the period. Finally, Salvus Wealth Management LLC grew its stake in shares of Visa by 10.9% in the 2nd quarter. Salvus Wealth Management LLC now owns 3,036 shares of the credit-card processor’s stock valued at $797,000 after purchasing an additional 299 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on V. Oppenheimer restated an “outperform” rating and set a $321.00 target price (up from $318.00) on shares of Visa in a research report on Wednesday, October 30th. The Goldman Sachs Group reiterated a “buy” rating and issued a $317.00 target price on shares of Visa in a research note on Thursday, September 12th. Keefe, Bruyette & Woods upped their price objective on shares of Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a research note on Monday. Royal Bank of Canada boosted their target price on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Citigroup boosted their price objective on shares of Visa from $319.00 to $326.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $324.74.

Visa Stock Performance

Shares of V opened at $312.38 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $317.42. The firm has a fifty day moving average of $296.38 and a 200-day moving average of $279.98. The company has a market cap of $581.93 billion, a price-to-earnings ratio of 32.10, a price-to-earnings-growth ratio of 2.07 and a beta of 0.96.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same period in the prior year, the company posted $2.33 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, equities analysts anticipate that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.76%. Visa’s dividend payout ratio (DPR) is 24.25%.

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.