Delta Investment Management LLC Sells 930 Shares of Visa Inc. (NYSE:V)

Delta Investment Management LLC lowered its position in shares of Visa Inc. (NYSE:V - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,685 shares of the credit-card processor's stock after selling 930 shares during the quarter. Delta Investment Management LLC's holdings in Visa were worth $2,429,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of V. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Visa in the fourth quarter valued at about $27,000. POM Investment Strategies LLC raised its position in Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after buying an additional 32 shares during the last quarter. Compass Planning Associates Inc bought a new stake in Visa in the 4th quarter valued at approximately $32,000. FPC Investment Advisory Inc. boosted its position in Visa by 377.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock worth $36,000 after acquiring an additional 83 shares during the last quarter. Finally, NewSquare Capital LLC bought a new position in shares of Visa during the 4th quarter worth approximately $35,000. Institutional investors own 82.15% of the company's stock.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the sale, the insider now directly owns 26,413 shares of the company's stock, valued at approximately $8,642,333.60. This represents a 59.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the completion of the transaction, the chief executive officer now directly owns 537 shares of the company's stock, valued at approximately $188,186.28. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,948 shares of company stock worth $41,548,282 in the last quarter. Corporate insiders own 0.13% of the company's stock.

Visa Stock Performance

NYSE:V opened at $367.76 on Tuesday. The stock has a 50 day simple moving average of $339.28 and a 200 day simple moving average of $330.43. The stock has a market cap of $678.58 billion, a P/E ratio of 37.07, a PEG ratio of 2.33 and a beta of 0.96. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $369.15. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter last year, the firm earned $2.51 earnings per share. The company's revenue 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 year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Tuesday, May 13th. Visa's dividend payout ratio is currently 23.72%.

Analyst Ratings Changes

V has been the topic of a number of research reports. Citigroup reissued a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Macquarie decreased their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. UBS Group dropped their target price on Visa from $400.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Evercore ISI began coverage on Visa in a research report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target for the company. Finally, BMO Capital Markets boosted their price target on Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $362.38.

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.

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