DE Burlo Group Inc. Reduces Stock Position in Visa Inc. (NYSE:V)

by · The Cerbat Gem

DE Burlo Group Inc. lessened its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 4.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,937 shares of the credit-card processor’s stock after selling 1,175 shares during the period. Visa comprises approximately 1.0% of DE Burlo Group Inc.’s holdings, making the stock its 29th largest holding. DE Burlo Group Inc.’s holdings in Visa were worth $7,565,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Decker Retirement Planning Inc. bought a new position in shares of Visa in the 4th quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Visa in the fourth quarter worth $27,000. POM Investment Strategies LLC raised its holdings in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 32 shares in the last quarter. Modus Advisors LLC purchased a new position in Visa during the fourth quarter valued at $32,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Visa during the 4th quarter valued at $32,000. Institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In related news, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was 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 owns 537 shares of the company’s stock, valued at $188,186.28. The trade was a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,205 shares of company stock worth $48,842,490. Company insiders own 0.13% of the company’s stock.

Visa Trading Down 0.1 %

Shares of Visa stock opened at $335.50 on Friday. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The company’s fifty day simple moving average is $338.42 and its 200-day simple moving average is $322.35. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $623.28 billion, a PE ratio of 33.82, a P/E/G ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V – Get Free Report) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, equities analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s dividend payout ratio is 23.79%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on V. UBS Group upped their price objective on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Citigroup restated a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Barclays lifted their price objective on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. StockNews.com cut Visa from a “buy” rating to a “hold” rating in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. lifted their price target on Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average price target of $358.17.

Get Our Latest Report on V

Visa Company 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.

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