Cutler Investment Counsel LLC Has $272,000 Holdings in Visa Inc. (NYSE:V)

Cutler Investment Counsel LLC trimmed its position in shares of Visa Inc. (NYSE:VFree Report) by 19.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,044 shares of the credit-card processor’s stock after selling 250 shares during the quarter. Cutler Investment Counsel LLC’s holdings in Visa were worth $272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Altshuler Shaham Ltd acquired a new stake in shares of Visa during the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC acquired a new stake in Visa in the 4th quarter worth approximately $32,000. Nalls Sherbakoff Group LLC lifted its holdings in Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after purchasing an additional 120 shares during the last quarter. Valued Wealth Advisors LLC acquired a new stake in Visa in the 4th quarter worth approximately $37,000. Finally, Financial Freedom LLC acquired a new stake in Visa in the 4th quarter worth approximately $32,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction dated 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. Over the last quarter, insiders have sold 18,965 shares of company stock valued at $5,256,352. 0.19% of the stock is currently owned by corporate insiders.

Visa Stock Performance

Shares of NYSE:V opened at $269.78 on Friday. The business’s fifty day moving average price is $279.58 and its two-hundred day moving average price is $263.12. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The stock has a market capitalization of $495.45 billion, a price-to-earnings ratio of 31.04, a price-to-earnings-growth ratio of 1.86 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45.

Visa (NYSE:VGet Free Report) last posted its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. The company had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.18 earnings per share. As a group, analysts predict that Visa Inc. will post 9.88 EPS for the current fiscal year.

Visa Dividend Announcement

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

Wall Street Analysts Forecast Growth

V has been the subject of several analyst reports. Wedbush boosted their target price on Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Susquehanna lifted their price target on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Citigroup lifted their price target on Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. KeyCorp lifted their price target on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Finally, Robert W. Baird lifted their price target on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and an average target price of $298.43.

Read Our Latest Analysis on Visa

Visa Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Visa (NYSE:V)

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