Doliver Advisors LP Reduces Stock Position in Visa Inc. (NYSE:V)

Doliver Advisors LP trimmed its position in shares of Visa Inc. (NYSE:V) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,069 shares of the credit-card processor’s stock after selling 77 shares during the period. Visa comprises 1.2% of Doliver Advisors LP’s portfolio, making the stock its 12th largest position. Doliver Advisors LP’s holdings in Visa were worth $4,446,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Peterson Financial Group Inc. purchased a new stake in shares of Visa in the 3rd quarter worth about $26,000. Reston Wealth Management LLC purchased a new stake in Visa in the third quarter worth about $31,000. Modus Advisors LLC bought a new stake in Visa during the 4th quarter valued at approximately $32,000. Fairway Wealth LLC purchased a new position in shares of Visa during the 2nd quarter worth approximately $39,000. Finally, West Financial Advisors LLC raised its position in shares of Visa by 101.4% in the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock worth $40,000 after acquiring an additional 73 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on V. Wells Fargo & Company upped their price target on Visa from $325.00 to $360.00 and gave the stock an “overweight” rating in a research note on Friday. Macquarie increased their price target on shares of Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Robert W. Baird lifted their price target on shares of Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley boosted their price target on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $329.70.

Visa Stock Performance

Shares of V stock traded down $1.92 during mid-day trading on Monday, reaching $312.99. 4,017,069 shares of the company’s stock traded hands, compared to its average volume of 4,507,260. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market capitalization of $583.06 billion, a PE ratio of 32.17, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $321.61. The firm has a 50 day moving average price of $309.73 and a two-hundred day moving average price of $285.76.

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

Visa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, November 12th. This represents a $2.36 annualized dividend and a yield of 0.75%. This is an increase from Visa’s previous quarterly dividend of $0.52. Visa’s payout ratio is currently 24.25%.

Insiders Place Their Bets

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 value of $2,739,263.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was 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.

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.