Visa Inc. (NYSE:V) Stock Holdings Reduced by Burns J W & Co. Inc. NY

Burns J W & Co. Inc. NY cut its stake in Visa Inc. (NYSE:V) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 112,886 shares of the credit-card processor’s stock after selling 4,963 shares during the period. Visa makes up approximately 4.6% of Burns J W & Co. Inc. NY’s holdings, making the stock its 3rd largest holding. Burns J W & Co. Inc. NY’s holdings in Visa were worth $35,676,000 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 V. Inspire Advisors LLC acquired a new position in Visa during the second quarter worth about $218,000. Thompson Siegel & Walmsley LLC increased its stake in shares of Visa by 11.0% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 21,482 shares of the credit-card processor’s stock worth $5,638,000 after purchasing an additional 2,128 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in shares of Visa by 4.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 81,315 shares of the credit-card processor’s stock worth $21,343,000 after purchasing an additional 3,595 shares during the last quarter. Fairfield Financial Advisors LTD purchased a new stake in Visa in the 2nd quarter valued at approximately $4,041,000. Finally, Abound Wealth Management grew its holdings in Visa by 8.4% during the 2nd quarter. Abound Wealth Management now owns 843 shares of the credit-card processor’s stock valued at $221,000 after buying an additional 65 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Price Performance

Shares of V stock opened at $306.59 on Tuesday. The firm has a fifty day simple moving average of $312.44 and a 200-day simple moving average of $287.32. The company has a market capitalization of $571.14 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $321.61. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same period in the prior year, the company posted $2.33 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities research analysts anticipate that Visa Inc. will post 11.23 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.77%. This is a positive change from Visa’s previous quarterly dividend of $0.52. The ex-dividend date was Tuesday, November 12th. Visa’s dividend payout ratio is presently 24.25%.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Keefe, Bruyette & Woods upped their price objective on Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. TD Cowen boosted their price target on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Susquehanna raised their price objective on Visa from $339.00 to $375.00 and gave the stock a “positive” rating in a report on Wednesday, December 11th. Barclays upped their target price on Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Finally, Macquarie raised their price target on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $330.85.

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.