Threadgill Financial LLC Has $12.94 Million Stock Position in Visa Inc. (NYSE:V)

Threadgill Financial LLC cut its stake in shares of Visa Inc. (NYSE:V) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,705 shares of the credit-card processor’s stock after selling 130 shares during the quarter. Visa accounts for 8.6% of Threadgill Financial LLC’s portfolio, making the stock its 2nd largest holding. Threadgill Financial LLC’s holdings in Visa were worth $12,941,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the stock. Investment Advisory Services Inc. TX ADV boosted its position in shares of Visa by 2.0% in 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 during the period. Camarda Financial Advisors LLC boosted its position in shares of Visa by 3.0% in the second quarter. Camarda Financial Advisors LLC now owns 6,249 shares of the credit-card processor’s stock worth $1,484,000 after buying an additional 182 shares during the period. Cibc World Market Inc. boosted its position in shares of Visa by 1.8% in the second quarter. Cibc World Market Inc. now owns 783,402 shares of the credit-card processor’s stock worth $186,042,000 after buying an additional 14,022 shares during the period. Wayfinding Financial LLC boosted its position in shares of Visa by 10.1% in 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 during the period. Finally, Richelieu Gestion SA purchased a new stake in shares of Visa during the fourth quarter worth $307,000. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the transaction, the insider now owns 232,112 shares in the company, valued at approximately $62,716,662.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Visa news, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the sale, the insider now owns 232,112 shares in the company, valued at approximately $62,716,662.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s 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 sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders sold 47,311 shares of company stock worth $12,832,129 in the last quarter. Insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on V. Raymond James increased their price objective on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Keefe, Bruyette & Woods increased their price objective on Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Citigroup increased their price objective on Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Mizuho increased their price objective on Visa from $243.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday, January 18th. Finally, UBS Group increased their price objective on Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average price target of $295.82.

Visa Price Performance

Shares of NYSE:V traded down $2.19 during trading on Wednesday, reaching $278.41. The stock had a trading volume of 1,548,981 shares, compared to its average volume of 5,585,597. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96. The business’s 50-day moving average price is $278.54 and its 200 day moving average price is $258.27. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market capitalization of $511.30 billion, a PE ratio of 32.00, a P/E/G ratio of 1.94 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. During the same quarter in the previous year, the company posted $2.18 EPS. Visa’s revenue was up 9.3% on a year-over-year basis. As a group, equities analysts predict that Visa Inc. will post 9.9 earnings per share for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is presently 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.