Visa Inc. (NYSE:V) Shares Sold by Herold Advisors Inc.

Herold Advisors Inc. lowered its position in Visa Inc. (NYSE:V) by 1.1% in the fourth quarter, HoldingsChannel reports. The fund owned 29,183 shares of the credit-card processor’s stock after selling 316 shares during the quarter. Visa accounts for about 2.1% of Herold Advisors Inc.’s portfolio, making the stock its 4th largest position. Herold Advisors Inc.’s holdings in Visa were worth $7,598,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of V. Altshuler Shaham Ltd purchased a new stake in shares of Visa during the third quarter worth about $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of Visa during the fourth quarter worth about $32,000. Nalls Sherbakoff Group LLC increased its stake in shares of Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after purchasing an additional 120 shares in the last quarter. Valued Wealth Advisors LLC purchased a new stake in shares of Visa during the fourth quarter worth about $37,000. Finally, Macroview Investment Management LLC increased its stake in shares of Visa by 1,019.2% during the third quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock worth $67,000 after purchasing an additional 265 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Down 0.2 %

Visa stock traded down $0.58 during mid-day trading on Friday, reaching $274.58. 6,840,359 shares of the company’s stock were exchanged, compared to its average volume of 5,951,953. The company has a market cap of $504.27 billion, a P/E ratio of 30.68, a P/E/G ratio of 1.90 and a beta of 0.96. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The company has a quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The company has a fifty day moving average of $279.24 and a 200-day moving average of $264.33.

Visa (NYSE:V) last released its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.09 EPS. Sell-side analysts expect that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio is presently 23.24%.

Analyst Ratings Changes

V has been the subject of a number of research reports. Macquarie boosted their target price on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday. KeyCorp upped their price objective on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, January 8th. Raymond James upped their price objective on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Wedbush upped their price objective on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Robert W. Baird upped their price objective on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $302.58.

Insider Buying and Selling at Visa

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,965 shares of company stock valued at $5,256,352. Insiders own 0.19% of the company’s stock.

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.