CCM Investment Advisers LLC Has $15.83 Million Stock Position in Visa Inc. (NYSE:V)

CCM Investment Advisers LLC trimmed its holdings in Visa Inc. (NYSE:V - Free Report) by 15.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,172 shares of the credit-card processor's stock after selling 8,367 shares during the quarter. Visa accounts for 1.9% of CCM Investment Advisers LLC's portfolio, making the stock its 21st largest holding. CCM Investment Advisers LLC's holdings in Visa were worth $15,831,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Bradley & Co. Private Wealth Management LLC acquired a new stake in Visa in the 4th quarter valued at about $27,000. Compass Planning Associates Inc bought a new stake in Visa in the fourth quarter valued at about $32,000. NewSquare Capital LLC acquired a new stake in shares of Visa in the 4th quarter valued at approximately $35,000. FPC Investment Advisory Inc. increased its stake in Visa by 377.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock valued at $36,000 after purchasing an additional 83 shares in the last quarter. Finally, Sellwood Investment Partners LLC bought a new stake in shares of Visa in the 4th quarter valued at $41,000. Institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $362.77, for a total transaction of $3,127,077.40. Following the completion of the transaction, the chief executive officer now directly owns 537 shares in the company, valued at $194,807.49. This represents a 94.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul D. Fabara sold 46,214 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at approximately $9,772,810. This represents a 63.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,448 shares of company stock worth $50,133,659 in the last ninety days. Insiders own 0.13% of the company's stock.

Visa Stock Performance

Shares of V stock traded down $18.65 during midday trading on Friday, hitting $352.75. The company had a trading volume of 14,176,249 shares, compared to its average volume of 7,023,536. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The company's 50 day simple moving average is $349.76 and its 200 day simple moving average is $337.45. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $375.51. The stock has a market cap of $650.87 billion, a price-to-earnings ratio of 35.56, a PEG ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same period last year, the firm earned $2.51 EPS. The company's revenue for the quarter was up 9.3% on a year-over-year basis. Research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Tuesday, May 13th. Visa's dividend payout ratio is currently 23.72%.

Analysts Set New Price Targets

V has been the subject of a number of research reports. The Goldman Sachs Group assumed coverage on Visa in a report on Monday, June 2nd. They set a "neutral" rating for the company. BMO Capital Markets upped their price target on shares of Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Macquarie lowered their price target on Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Susquehanna reaffirmed a "positive" rating on shares of Visa in a report on Friday, March 21st. Finally, Evercore ISI started coverage on shares of Visa in a report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $372.80.

Visa 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.