Blackhawk Capital Partners LLC. Sells 625 Shares of Visa Inc. (NYSE:V)

Blackhawk Capital Partners LLC. cut its position in shares of Visa Inc. (NYSE:V) by 6.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,929 shares of the credit-card processor’s stock after selling 625 shares during the quarter. Visa makes up about 1.6% of Blackhawk Capital Partners LLC.’s investment portfolio, making the stock its 17th largest position. Blackhawk Capital Partners LLC.’s holdings in Visa were worth $2,492,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Horizon Family Wealth Inc. bought a new stake in shares of Visa in the 3rd quarter worth approximately $725,000. Obsidian Personal Planning Solutions LLC bought a new stake in shares of Visa in the 3rd quarter worth approximately $424,000. McCarthy Asset Management Inc. grew its position in shares of Visa by 22.2% in the 3rd quarter. McCarthy Asset Management Inc. now owns 2,848 shares of the credit-card processor’s stock worth $655,000 after buying an additional 518 shares during the last quarter. Mine & Arao Wealth Creation & Management LLC. grew its position in shares of Visa by 5.1% in the 3rd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 12,334 shares of the credit-card processor’s stock worth $2,837,000 after buying an additional 601 shares during the last quarter. Finally, Owen LaRue LLC grew its position in shares of Visa by 29.7% in the 3rd quarter. Owen LaRue LLC now owns 8,655 shares of the credit-card processor’s stock worth $1,991,000 after buying an additional 1,980 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Up 0.5 %

Shares of Visa stock traded up $1.37 on Friday, reaching $270.36. The company’s stock had a trading volume of 7,986,435 shares, compared to its average volume of 9,135,279. The company has a market capitalization of $494.47 billion, a price-to-earnings ratio of 30.21, a P/E/G ratio of 1.84 and a beta of 0.95. The firm’s fifty day simple moving average is $273.24 and its two-hundred day simple moving average is $273.70. Visa Inc. has a 52 week low of $227.68 and a 52 week high of $290.96. 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 earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.09 EPS. Equities analysts anticipate that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Redburn Atlantic reiterated a “neutral” rating and issued a $307.00 price objective on shares of Visa in a research report on Wednesday, March 27th. Citigroup raised their target price on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Oppenheimer raised their target price on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. William Blair restated an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Finally, TD Cowen started coverage on Visa in a research note on Thursday, April 11th. They issued a “buy” rating and a $320.00 target price for the company. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $303.56.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the sale, the insider now owns 17,894 shares in the company, valued at $4,959,322.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Visa news, 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 $713,950.05. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the sale, the insider now owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The disclosure for this sale can be found here. 0.19% of the stock is owned by company insiders.

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.