Visa Inc. (NYSE:V) Holdings Cut by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC cut its stake in shares of Visa Inc. (NYSE:V - Free Report) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,677 shares of the credit-card processor's stock after selling 9,709 shares during the quarter. Visa makes up 1.4% of Van Hulzen Asset Management LLC's portfolio, making the stock its 15th largest holding. Van Hulzen Asset Management LLC's holdings in Visa were worth $20,223,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in V. Nadler Financial Group Inc. increased its stake in shares of Visa by 2.4% during the fourth quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor's stock valued at $495,000 after acquiring an additional 44 shares during the period. Towerpoint Wealth LLC bought a new position in Visa during the fourth quarter valued at about $216,000. Andrew Hill Investment Advisors Inc. acquired a new stake in Visa in the 4th quarter valued at about $3,427,000. Wayfinding Financial LLC boosted its position in shares of Visa by 10.1% during the 3rd quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor's stock valued at $406,000 after purchasing an additional 161 shares in the last quarter. Finally, Richelieu Gestion SA acquired a new position in shares of Visa in the 4th quarter worth approximately $307,000. Institutional investors own 82.15% of the company's stock.

Visa Stock Performance

V traded up $2.20 during trading hours on Friday, reaching $280.74. The company's stock had a trading volume of 8,937,485 shares, compared to its average volume of 6,825,215. The firm has a market cap of $513.46 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 1.87 and a beta of 0.95. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96. The company's 50-day moving average is $277.56 and its 200-day moving average is $266.53.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The business had revenue of $8.78 billion during the quarter, compared to analysts' expectations of $8.62 billion. During the same quarter in the prior year, the firm earned $2.09 EPS. The business's revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities analysts forecast that Visa Inc. will post 9.94 EPS for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.74%. Visa's payout ratio is 23.24%.

Insider Transactions at Visa

In other news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Ryan Mcinerney sold 8,200 shares of the business's stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lloyd Carney sold 909 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company's stock, valued at approximately $713,950.05. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on V. Macquarie boosted their price target on shares of Visa from $290.00 to $300.00 and gave the company an "outperform" rating in a report on Wednesday, April 24th. William Blair reissued an "outperform" rating on shares of Visa in a research note on Wednesday, April 24th. Robert W. Baird raised their price target on shares of Visa from $314.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday, April 17th. Royal Bank of Canada upped their price objective on shares of Visa from $309.00 to $315.00 and gave the company an "outperform" rating in a research note on Wednesday, April 24th. Finally, Wells Fargo & Company lifted their target price on shares of Visa from $300.00 to $325.00 and gave the company an "overweight" rating in a research note on Wednesday, March 6th. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company's stock. Based on data from MarketBeat, Visa currently has an average rating of "Moderate Buy" and an average target price of $303.00.

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.

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