Pinnacle Wealth Planning Services Inc. Trims Stock Holdings in Visa Inc. (NYSE:V)

Pinnacle Wealth Planning Services Inc. lessened its stake in Visa Inc. (NYSE:V - Free Report) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,948 shares of the credit-card processor's stock after selling 1,724 shares during the quarter. Visa makes up 0.6% of Pinnacle Wealth Planning Services Inc.'s holdings, making the stock its 29th biggest position. Pinnacle Wealth Planning Services Inc.'s holdings in Visa were worth $3,776,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in V. Bradley & Co. Private Wealth Management LLC acquired a new stake in Visa during the 4th quarter valued at $27,000. POM Investment Strategies LLC lifted its holdings in shares of Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after buying an additional 32 shares in the last quarter. Compass Planning Associates Inc acquired a new stake in shares of Visa during the fourth quarter worth $32,000. NewSquare Capital LLC acquired a new stake in shares of Visa during the fourth quarter worth $35,000. Finally, FPC Investment Advisory Inc. raised 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. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Stock Performance

NYSE:V traded up $2.82 during trading on Thursday, reaching $362.55. The company's stock had a trading volume of 4,590,181 shares, compared to its average volume of 7,008,449. The firm has a market cap of $668.96 billion, a price-to-earnings ratio of 36.55, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. 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 50 day moving average of $342.62 and a 200-day moving average of $332.80. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $369.15.

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 for the quarter, topping the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.51 EPS. Research analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.65%. Visa's payout ratio is 23.72%.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 14,813 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $355.04, for a total value of $5,259,207.52. Following the completion of the transaction, the insider now owns 26,413 shares in the company, valued at $9,377,671.52. This trade represents a 35.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the sale, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 121,948 shares of company stock worth $41,548,282. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on V. Oppenheimer reiterated an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. JPMorgan Chase & Co. boosted their price target on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods reissued a "hold" rating on shares of Visa in a research note on Thursday, February 13th. Finally, Evercore ISI assumed coverage on Visa in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price target on the stock. Six analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $366.13.

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.