Hudson Valley Investment Advisors Inc. ADV Has $12.91 Million Position in Visa Inc. (NYSE:V)

Hudson Valley Investment Advisors Inc. ADV lowered its stake in shares of Visa Inc. (NYSE:V - Free Report) by 2.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 36,842 shares of the credit-card processor's stock after selling 1,107 shares during the period. Visa makes up 1.5% of Hudson Valley Investment Advisors Inc. ADV's investment portfolio, making the stock its 15th biggest holding. Hudson Valley Investment Advisors Inc. ADV's holdings in Visa were worth $12,912,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Capital & Planning LLC raised its position in Visa by 21.2% in the fourth quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor's stock worth $300,000 after purchasing an additional 166 shares in the last quarter. Sovereign Investment Advisors LLC acquired a new stake in shares of Visa during the fourth quarter worth approximately $424,000. Brighton Jones LLC increased its holdings in shares of Visa by 50.1% during the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock worth $6,522,000 after buying an additional 6,883 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Visa during the fourth quarter worth approximately $202,074,000. Finally, Revolve Wealth Partners LLC increased its holdings in shares of Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock worth $3,733,000 after buying an additional 4,817 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $2,978,899.60. Following the sale, the chief executive officer now directly owns 537 shares in the company, valued at $185,576.46. This trade represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Paul D. Fabara sold 46,214 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the sale, the insider now owns 26,413 shares in the company, valued at approximately $9,772,810. The trade was a 63.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 168,162 shares of company stock worth $58,645,479. Company insiders own 0.13% of the company's stock.

Visa Trading Up 1.0%

V opened at $370.44 on Friday. The firm's fifty day moving average is $345.45 and its two-hundred day moving average is $335.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $683.52 billion, a PE ratio of 37.34, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $371.00.

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 the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the business posted $2.51 earnings per share. Equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were issued a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.64%. Visa's dividend payout ratio (DPR) is presently 23.72%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Citigroup assumed coverage on shares of Visa in a report on Monday. They set a "buy" rating for the company. The Goldman Sachs Group assumed coverage on shares of Visa in a report on Monday. They set a "neutral" rating for the company. William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Evercore ISI assumed coverage on shares of Visa in a report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price objective for the company. Finally, Jefferies Financial Group raised their price objective on shares of Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $372.80.

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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