Foothills Asset Management Ltd. cut its stake in Visa Inc (NYSE:V) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,313 shares of the credit-card processor’s stock after selling 220 shares during the period. Visa makes up about 2.4% of Foothills Asset Management Ltd.’s portfolio, making the stock its 12th biggest holding. Foothills Asset Management Ltd.’s holdings in Visa were worth $2,812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. United Bank grew its stake in shares of Visa by 8.5% during the 2nd quarter. United Bank now owns 10,365 shares of the credit-card processor’s stock worth $1,373,000 after purchasing an additional 808 shares during the period. FMR LLC grew its stake in shares of Visa by 2.9% during the 2nd quarter. FMR LLC now owns 85,466,413 shares of the credit-card processor’s stock worth $11,320,026,000 after purchasing an additional 2,398,540 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Visa by 9.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 425,193 shares of the credit-card processor’s stock worth $56,317,000 after purchasing an additional 36,305 shares during the period. City Holding Co. acquired a new position in shares of Visa during the 2nd quarter worth $1,591,000. Finally, Garde Capital Inc. acquired a new position in shares of Visa during the 2nd quarter worth $220,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently commented on V. Wedbush increased their price objective on shares of Visa from $150.00 to $162.00 and gave the company an “outperform” rating in a research note on Thursday. Raymond James reissued an “outperform” rating and issued a $152.00 price objective (down from $167.00) on shares of Visa in a research note on Thursday, January 31st. Piper Jaffray Companies reissued an “overweight” rating and issued a $178.00 price objective on shares of Visa in a research note on Friday, December 21st. SunTrust Banks reissued an “outperform” rating and issued a $250.00 price objective on shares of Visa in a research note on Friday, February 1st. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $160.00 price objective on shares of Visa in a research note on Thursday, January 31st. One analyst has rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Visa has a consensus rating of “Buy” and a consensus target price of $163.23.

In other news, EVP Lynne Biggar sold 15,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $150.00, for a total transaction of $2,250,000.00. Following the transaction, the executive vice president now directly owns 22,294 shares in the company, valued at approximately $3,344,100. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Ellen Richey sold 81,005 shares of the stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $139.99, for a total transaction of $11,339,889.95. The disclosure for this sale can be found here. Insiders have sold a total of 102,485 shares of company stock worth $14,568,370 over the last ninety days. 0.17% of the stock is owned by corporate insiders.

Visa stock opened at $155.46 on Friday. Visa Inc has a 12-month low of $116.03 and a 12-month high of $156.82. The stock has a market cap of $312.07 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 1.73 and a beta of 1.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.50 and a current ratio of 1.50.

Visa (NYSE:V) last released its quarterly earnings results on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.05. Visa had a net margin of 50.61% and a return on equity of 39.32%. The company had revenue of $5.51 billion for the quarter, compared to analysts’ expectations of $5.41 billion. During the same period last year, the company earned $1.08 EPS. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, equities research analysts expect that Visa Inc will post 5.32 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, February 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.64%. Visa’s dividend payout ratio is currently 21.69%.

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Visa Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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