Team Hewins LLC Trims Stock Holdings in Visa Inc. (NYSE:V)

Team Hewins LLC trimmed its position in Visa Inc. (NYSE:V) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,604 shares of the credit-card processor’s stock after selling 404 shares during the period. Visa accounts for 0.8% of Team Hewins LLC’s portfolio, making the stock its 18th biggest position. Team Hewins LLC’s holdings in Visa were worth $5,364,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in V. WealthPlan Investment Management LLC lifted its holdings in shares of Visa by 222.1% during the third quarter. WealthPlan Investment Management LLC now owns 11,165 shares of the credit-card processor’s stock valued at $2,568,000 after purchasing an additional 7,699 shares in the last quarter. Advisor OS LLC lifted its holdings in shares of Visa by 3.4% during the third quarter. Advisor OS LLC now owns 12,587 shares of the credit-card processor’s stock valued at $2,895,000 after purchasing an additional 416 shares in the last quarter. Hartford Funds Management Co LLC lifted its holdings in shares of Visa by 10.8% during the third quarter. Hartford Funds Management Co LLC now owns 2,291 shares of the credit-card processor’s stock valued at $527,000 after purchasing an additional 224 shares in the last quarter. Main Street Financial Solutions LLC lifted its holdings in shares of Visa by 3.4% during the third quarter. Main Street Financial Solutions LLC now owns 7,395 shares of the credit-card processor’s stock valued at $1,701,000 after purchasing an additional 245 shares in the last quarter. Finally, SageView Advisory Group LLC lifted its holdings in shares of Visa by 7.2% during the third quarter. SageView Advisory Group LLC now owns 17,901 shares of the credit-card processor’s stock valued at $4,117,000 after purchasing an additional 1,209 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on V shares. William Blair reiterated an “outperform” rating on shares of Visa in a research report on Wednesday, April 24th. Evercore ISI raised their price objective on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. TD Cowen began coverage on Visa in a research note on Thursday, April 11th. They issued a “buy” rating and a $320.00 price objective on the stock. Barclays raised their price objective on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Finally, Royal Bank of Canada raised their price objective on Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $303.76.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,402 shares of company stock worth $9,559,382. 0.19% of the stock is currently owned by insiders.

Visa Stock Down 0.5 %

NYSE:V traded down $1.29 during mid-day trading on Thursday, hitting $274.29. 6,115,738 shares of the company’s stock traded hands, compared to its average volume of 6,342,460. The company has a fifty day moving average of $277.12 and a 200 day moving average of $269.46. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The company has a market capitalization of $501.66 billion, a P/E ratio of 30.57, a P/E/G ratio of 1.89 and a beta of 0.95. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same period in the prior year, the company posted $2.09 EPS. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, analysts forecast that Visa Inc. will post 9.94 EPS for the current year.

Visa Announces Dividend

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

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.