Stillwater Investment Management LLC Sells 275 Shares of Visa Inc. (NYSE:V)

Stillwater Investment Management LLC trimmed its holdings in Visa Inc. (NYSE:V – Get Rating) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,926 shares of the credit-card processor’s stock after selling 275 shares during the period. Visa comprises approximately 2.2% of Stillwater Investment Management LLC’s holdings, making the stock its 8th largest holding. Stillwater Investment Management LLC’s holdings in Visa were worth $7,672,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Copperleaf Capital LLC increased its holdings in shares of Visa by 0.6% in the 2nd quarter. Copperleaf Capital LLC now owns 7,968 shares of the credit-card processor’s stock valued at $1,569,000 after acquiring an additional 49 shares during the last quarter. CNB Bank increased its holdings in shares of Visa by 0.8% in the 2nd quarter. CNB Bank now owns 6,338 shares of the credit-card processor’s stock valued at $1,248,000 after acquiring an additional 49 shares during the last quarter. Solstein Capital LLC increased its holdings in shares of Visa by 0.4% in the 2nd quarter. Solstein Capital LLC now owns 14,111 shares of the credit-card processor’s stock valued at $2,778,000 after acquiring an additional 50 shares during the last quarter. Eads & Heald Wealth Management increased its holdings in shares of Visa by 0.4% in the 3rd quarter. Eads & Heald Wealth Management now owns 12,641 shares of the credit-card processor’s stock valued at $2,246,000 after acquiring an additional 50 shares during the last quarter. Finally, Tobias Financial Advisors Inc. increased its holdings in shares of Visa by 3.4% in the 3rd quarter. Tobias Financial Advisors Inc. now owns 1,516 shares of the credit-card processor’s stock valued at $269,000 after acquiring an additional 50 shares during the last quarter. 81.87% of the stock is owned by institutional investors and hedge funds.

Visa Stock Performance

Shares of NYSE V opened at $217.39 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market cap of $408.91 billion, a price-to-earnings ratio of 30.40, a P/E/G ratio of 1.71 and a beta of 0.97. The business’s 50-day simple moving average is $223.62 and its 200-day simple moving average is $208.28. Visa Inc. has a 52 week low of $174.60 and a 52 week high of $234.30.

Visa (NYSE:V – Get Rating) last issued its quarterly earnings data on Thursday, January 26th. The credit-card processor reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.17. Visa had a return on equity of 49.95% and a net margin of 50.28%. The business had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.70 billion. During the same quarter in the prior year, the firm posted $1.81 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities research analysts expect that Visa Inc. will post 8.43 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Friday, February 10th were paid a dividend of $0.45 per share. This is an increase from Visa’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, February 9th. This represents a $1.80 annualized dividend and a yield of 0.83%. Visa’s dividend payout ratio is presently 25.17%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on V. Mizuho boosted their price target on Visa from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Monday, January 30th. Jefferies Financial Group upped their price objective on Visa from $225.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, January 18th. Wells Fargo & Company upped their price objective on Visa from $250.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, January 27th. Wolfe Research increased their price target on Visa from $240.00 to $255.00 in a research note on Thursday, January 5th. Finally, BMO Capital Markets increased their price target on Visa from $249.00 to $253.00 and gave the stock an “outperform” rating in a research note on Friday, January 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $259.11.

Insider Activity at Visa

In related news, President Ryan Mcinerney sold 58,197 shares of the stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $62.47, for a total transaction of $3,635,566.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Visa news, President Ryan Mcinerney sold 58,197 shares of the firm’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $62.47, for a total value of $3,635,566.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Alfred F. Kelly, Jr. sold 58,000 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $223.99, for a total value of $12,991,420.00. Following the completion of the sale, the chairman now owns 162,354 shares of the company’s stock, valued at approximately $36,365,672.46. The disclosure for this sale can be found here. Insiders sold a total of 191,312 shares of company stock worth $33,751,165 in the last 90 days. 0.22% of the stock is owned by company insiders.

About Visa

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Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).