Visa Inc. (NYSE:V) is Chilton Capital Management LLC’s 9th Largest Position

Chilton Capital Management LLC decreased its stake in shares of Visa Inc. (NYSE:V) by 0.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 129,159 shares of the credit-card processor’s stock after selling 453 shares during the period. Visa accounts for 1.7% of Chilton Capital Management LLC’s investment portfolio, making the stock its 9th largest position. Chilton Capital Management LLC’s holdings in Visa were worth $33,626,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Hibernia Wealth Partners LLC bought a new position in shares of Visa during the 3rd quarter valued at $25,000. Altshuler Shaham Ltd purchased a new stake in Visa in the 3rd quarter worth approximately $25,000. West Tower Group LLC bought a new stake in shares of Visa in the 2nd quarter worth approximately $30,000. Financial Freedom LLC bought a new position in Visa in the fourth quarter worth about $32,000. Finally, Nalls Sherbakoff Group LLC lifted its position in Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after buying an additional 120 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

V has been the subject of several research analyst reports. William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Friday, January 26th. Citigroup boosted their price target on Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Keefe, Bruyette & Woods increased their price objective on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Raymond James increased their price target on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Finally, Redburn Atlantic reaffirmed a “neutral” rating and set a $307.00 price objective on shares of Visa in a report on Wednesday. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $295.82.

Visa Stock Up 0.0 %

NYSE:V traded up $0.06 during mid-day trading on Friday, hitting $279.08. The stock had a trading volume of 5,844,358 shares, compared to its average volume of 6,182,342. 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 Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The company has a market capitalization of $512.53 billion, a PE ratio of 32.12, a PEG ratio of 1.93 and a beta of 0.96. The stock has a 50-day simple moving average of $279.11 and a two-hundred day simple moving average of $258.66.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS 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 for the quarter, compared to analyst estimates of $8.55 billion. During the same period last year, the business earned $2.18 EPS. Visa’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities research analysts anticipate that Visa Inc. will post 9.89 EPS for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a dividend of $0.52 per share. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. Visa’s payout ratio is currently 23.94%.

Insider Activity

In related news, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the transaction, the insider now owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Rajat Taneja sold 36,546 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. Insiders have sold a total of 47,311 shares of company stock valued at $12,832,129 over the last quarter. Corporate insiders own 0.19% of the company’s stock.

About Visa

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.