Cwm LLC Has $47.98 Million Stake in Visa Inc. (NYSE:V)

Cwm LLC trimmed its holdings in shares of Visa Inc. (NYSE:V) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 184,294 shares of the credit-card processor’s stock after selling 450 shares during the quarter. Cwm LLC’s holdings in Visa were worth $47,981,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of V. Investment Advisory Services Inc. TX ADV increased its holdings in shares of Visa by 2.0% during the third quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock worth $904,000 after buying an additional 78 shares in the last quarter. Towerpoint Wealth LLC acquired a new stake in shares of Visa during the fourth quarter worth approximately $216,000. Andrew Hill Investment Advisors Inc. acquired a new stake in shares of Visa during the fourth quarter worth approximately $3,427,000. Wayfinding Financial LLC increased its holdings in shares of Visa by 10.1% during the third quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock worth $406,000 after buying an additional 161 shares in the last quarter. Finally, Richelieu Gestion SA acquired a new stake in shares of Visa during the fourth quarter worth approximately $307,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on V shares. Raymond James raised their price target on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Susquehanna raised their price target on shares of Visa from $300.00 to $326.00 and gave the company a “positive” rating in a report on Friday, January 26th. Evercore ISI raised their price target on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Robert W. Baird raised their price target on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $265.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $298.43.

Insider Buying and Selling at Visa

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,965 shares of company stock worth $5,256,352. Insiders own 0.19% of the company’s stock.

Visa Trading Down 0.6 %

V opened at $269.78 on Monday. The stock has a market capitalization of $495.45 billion, a P/E ratio of 31.04, a P/E/G ratio of 1.86 and a beta of 0.96. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The firm’s fifty day simple moving average is $279.58 and its 200 day simple moving average is $263.35. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating the consensus estimate of $2.34 by $0.07. The business had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.18 EPS. As a group, research analysts anticipate that Visa Inc. will post 9.88 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were paid a $0.52 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.77%. Visa’s payout ratio is currently 23.94%.

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.