Abacus Wealth Partners LLC Trims Holdings in Visa Inc. (NYSE:V)

Abacus Wealth Partners LLC reduced its position in shares of Visa Inc. (NYSE:V) by 14.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,435 shares of the credit-card processor’s stock after selling 242 shares during the period. Abacus Wealth Partners LLC’s holdings in Visa were worth $454,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of V. New Hampshire Trust boosted its stake in Visa by 1.9% in the 4th quarter. New Hampshire Trust now owns 14,663 shares of the credit-card processor’s stock worth $4,634,000 after buying an additional 278 shares during the last quarter. CMH Wealth Management LLC boosted its position in shares of Visa by 1.1% in the fourth quarter. CMH Wealth Management LLC now owns 25,966 shares of the credit-card processor’s stock worth $8,206,000 after acquiring an additional 277 shares during the last quarter. Koshinski Asset Management Inc. grew its holdings in Visa by 1.4% in the fourth quarter. Koshinski Asset Management Inc. now owns 8,459 shares of the credit-card processor’s stock valued at $2,673,000 after purchasing an additional 113 shares during the period. Ulland Investment Advisors LLC increased its position in Visa by 0.3% during the fourth quarter. Ulland Investment Advisors LLC now owns 13,050 shares of the credit-card processor’s stock worth $4,124,000 after purchasing an additional 41 shares during the last quarter. Finally, Sky Investment Group LLC raised its stake in Visa by 2.9% during the fourth quarter. Sky Investment Group LLC now owns 7,259 shares of the credit-card processor’s stock worth $2,294,000 after purchasing an additional 208 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Trading Down 0.0 %

Shares of NYSE V opened at $323.55 on Thursday. The stock has a market capitalization of $602.73 billion, a P/E ratio of 33.25, a PEG ratio of 2.15 and a beta of 0.96. The stock’s 50 day moving average price is $313.86 and its two-hundred day moving average price is $289.47. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $325.74.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.13. The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. During the same period last year, the business posted $2.33 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, analysts anticipate that Visa Inc. will post 11.2 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Tuesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio is currently 24.25%.

Wall Street Analyst Weigh In

V has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upped their price objective on Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Citigroup upped their price target on Visa from $326.00 to $354.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. BMO Capital Markets increased their target price on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Mizuho boosted their price objective on shares of Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $332.81.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

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.