HBW Advisory Services LLC Decreases Holdings in Visa Inc. (NYSE:V)

by · The Markets Daily

HBW Advisory Services LLC trimmed its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 3.4% in the fourth quarter, Holdings Channel reports. The firm owned 14,649 shares of the credit-card processor’s stock after selling 516 shares during the period. HBW Advisory Services LLC’s holdings in Visa were worth $4,630,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. purchased a new position in Visa in the 3rd quarter valued at about $26,000. Modus Advisors LLC purchased a new position in Visa in the 4th quarter valued at about $32,000. Reston Wealth Management LLC purchased a new position in Visa in the 3rd quarter valued at about $31,000. West Financial Advisors LLC boosted its position in Visa by 101.4% in the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after buying an additional 73 shares during the last quarter. Finally, Fairway Wealth LLC purchased a new position in Visa in the 2nd quarter valued at about $39,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Price Performance

NYSE V traded down $4.94 on Friday, reaching $307.66. 3,659,804 shares of the stock traded hands, compared to its average volume of 4,985,953. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The company has a market cap of $573.13 billion, a price-to-earnings ratio of 31.62, a P/E/G ratio of 2.11 and a beta of 0.96. The firm’s fifty day simple moving average is $311.80 and its 200 day simple moving average is $286.63. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $321.61.

Visa (NYSE:V – Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the prior year, the firm posted $2.33 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. As a group, research analysts predict that Visa Inc. will post 11.23 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.77%. This is an increase from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. Visa’s dividend payout ratio is currently 24.25%.

Insider Activity

In related news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on V shares. Piper Sandler upped their price objective on shares of Visa from $319.00 to $322.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Royal Bank of Canada upped their target price on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Susquehanna upped their target price on shares of Visa from $339.00 to $375.00 and gave the company a “positive” rating in a research note on Wednesday, December 11th. Mizuho upped their target price on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Barclays upped their target price on shares of Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $330.85.

Check Out Our Latest Report on Visa

Visa Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V – Free Report).