Tufton Capital Management Lowers Holdings in Visa Inc. (NYSE:V)

Tufton Capital Management trimmed its holdings in Visa Inc. (NYSE:V) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,484 shares of the credit-card processor’s stock after selling 230 shares during the period. Tufton Capital Management’s holdings in Visa were worth $907,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in V. GoalVest Advisory LLC grew its stake in shares of Visa by 3.4% during the fourth quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock valued at $317,000 after buying an additional 40 shares during the last quarter. Destiny Wealth Partners LLC grew its stake in shares of Visa by 2.5% during the fourth quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock valued at $433,000 after buying an additional 40 shares during the last quarter. Sunflower Bank N.A. grew its stake in shares of Visa by 1.3% during the fourth quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock valued at $818,000 after buying an additional 41 shares during the last quarter. HWG Holdings LP grew its stake in shares of Visa by 18.4% during the second quarter. HWG Holdings LP now owns 270 shares of the credit-card processor’s stock valued at $64,000 after buying an additional 42 shares during the last quarter. Finally, Parker Financial LLC grew its stake in shares of Visa by 4.8% during the fourth quarter. Parker Financial LLC now owns 925 shares of the credit-card processor’s stock valued at $241,000 after buying an additional 42 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Down 0.6 %

Visa stock opened at $269.71 on Friday. The business has a fifty day moving average of $279.58 and a two-hundred day moving average of $262.89. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The firm has a market cap of $495.33 billion, a P/E ratio of 31.04, a P/E/G ratio of 1.87 and a beta of 0.96. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. During the same quarter in the prior year, the business posted $2.18 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, analysts forecast that Visa Inc. will post 9.88 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. Visa’s dividend payout ratio is presently 23.94%.

Insider Activity

In other news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,965 shares of company stock worth $5,256,352. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Susquehanna upped their target price on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research note on Friday, January 26th. KeyCorp boosted their price target on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, January 8th. TD Cowen initiated coverage on Visa in a report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target for the company. Redburn Atlantic reiterated a “neutral” rating and issued a $307.00 price target on shares of Visa in a report on Wednesday, March 27th. Finally, William Blair reiterated an “outperform” rating on shares of Visa in a report on Friday, January 26th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average target price of $298.43.

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.