Avalon Trust Co Has $44.42 Million Stock Position in Visa Inc. (NYSE:V)

Avalon Trust Co reduced its position in shares of Visa Inc. (NYSE:V) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 170,616 shares of the credit-card processor’s stock after selling 615 shares during the period. Visa makes up about 4.1% of Avalon Trust Co’s portfolio, making the stock its 7th biggest holding. Avalon Trust Co’s holdings in Visa were worth $44,420,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. TCG Advisory Services LLC raised its holdings in Visa by 12.9% in the 4th quarter. TCG Advisory Services LLC now owns 32,061 shares of the credit-card processor’s stock valued at $8,347,000 after acquiring an additional 3,652 shares in the last quarter. Charles Carroll Financial Partners LLC raised its stake in Visa by 2.2% in the fourth quarter. Charles Carroll Financial Partners LLC now owns 18,249 shares of the credit-card processor’s stock valued at $4,751,000 after purchasing an additional 400 shares in the last quarter. Royal Fund Management LLC lifted its position in Visa by 5.6% during the fourth quarter. Royal Fund Management LLC now owns 6,571 shares of the credit-card processor’s stock worth $1,711,000 after purchasing an additional 348 shares during the period. AJOVista LLC acquired a new stake in Visa during the fourth quarter worth about $159,000. Finally, ARS Wealth Advisors Group LLC increased its holdings in Visa by 5.1% in the 4th quarter. ARS Wealth Advisors Group LLC now owns 2,331 shares of the credit-card processor’s stock valued at $607,000 after buying an additional 114 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on V. Wedbush lifted their price target on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Royal Bank of Canada increased their price target on Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. UBS Group boosted their price objective on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Wells Fargo & Company increased their target price on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Finally, Raymond James boosted their price target on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $303.00.

Insiders Place Their Bets

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 transaction of $729,271.20. Following the transaction, the chief accounting officer now 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 SEC, which is available through the SEC website. In related news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. Insiders sold a total of 11,724 shares of company stock valued at $3,278,698 over the last quarter. 0.19% of the stock is owned by corporate insiders.

Visa Price Performance

Shares of V stock traded up $0.88 on Friday, reaching $268.49. The company’s stock had a trading volume of 3,862,018 shares, compared to its average volume of 6,930,902. The company has a market capitalization of $493.08 billion, a P/E ratio of 30.00, a PEG ratio of 1.83 and a beta of 0.95. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The stock’s 50 day simple moving average is $278.17 and its 200-day simple moving average is $265.42. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same period in the prior year, the business earned $2.09 earnings per share. Visa’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, equities analysts predict that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given a $0.52 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. Visa’s payout ratio is 23.24%.

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.