Frazier Financial Advisors LLC Lowers Holdings in Visa Inc. (NYSE:V)

Frazier Financial Advisors LLC trimmed its holdings in Visa Inc. (NYSE:V) by 13.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 340 shares of the credit-card processor’s stock after selling 51 shares during the period. Frazier Financial Advisors LLC’s holdings in Visa were worth $94,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. GoalVest Advisory LLC lifted its position in shares of Visa by 9.1% in the third quarter. GoalVest Advisory LLC now owns 10,066 shares of the credit-card processor’s stock worth $2,768,000 after buying an additional 836 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in shares of Visa by 2.0% in the third quarter. Mutual of America Capital Management LLC now owns 221,863 shares of the credit-card processor’s stock worth $61,001,000 after buying an additional 4,266 shares in the last quarter. Sather Financial Group Inc lifted its position in shares of Visa by 13.4% in the third quarter. Sather Financial Group Inc now owns 228,620 shares of the credit-card processor’s stock worth $62,859,000 after buying an additional 26,931 shares in the last quarter. Schear Investment Advisers LLC lifted its position in shares of Visa by 10.5% in the third quarter. Schear Investment Advisers LLC now owns 9,079 shares of the credit-card processor’s stock worth $2,496,000 after buying an additional 863 shares in the last quarter. Finally, Spinnaker Investment Group LLC lifted its position in shares of Visa by 7.3% in the third quarter. Spinnaker Investment Group LLC now owns 995 shares of the credit-card processor’s stock worth $274,000 after buying an additional 68 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Up 0.5 %

Visa stock opened at $309.64 on Friday. The business has a fifty day moving average of $287.04 and a two-hundred day moving average of $275.95. The company has a quick ratio of 1.37, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The firm has a market cap of $564.26 billion, a P/E ratio of 31.82, a P/E/G ratio of 2.07 and a beta of 0.95. Visa Inc. has a twelve month low of $245.60 and a twelve month high of $312.44.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 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 firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the prior year, the business posted $2.33 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, analysts forecast that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Tuesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio is currently 24.25%.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $148,687.06. This represents a 94.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Robert W. Baird boosted their target price on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Mizuho boosted their target price on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods raised Visa from a “moderate buy” rating to a “strong-buy” rating in a research note on Tuesday, September 24th. Compass Point assumed coverage on Visa in a research note on Wednesday, September 4th. They set a “buy” rating and a $319.00 price objective on the stock. Finally, Morgan Stanley boosted their price objective on Visa from $322.00 to $326.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $321.74.

Visa Company Profile

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.