Visa Inc. (NYSE:V) Stake Trimmed by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. lowered its stake in Visa Inc. (NYSE:V) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,684 shares of the credit-card processor’s stock after selling 387 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Visa were worth $1,480,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. McAdam LLC grew its stake in Visa by 63.9% during the 4th quarter. McAdam LLC now owns 3,870 shares of the credit-card processor’s stock valued at $1,008,000 after acquiring an additional 1,509 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Visa by 11.7% during the 4th quarter. Mather Group LLC. now owns 36,626 shares of the credit-card processor’s stock valued at $9,536,000 after buying an additional 3,850 shares during the last quarter. Gilbert & Cook Inc. lifted its holdings in shares of Visa by 2.9% during the 4th quarter. Gilbert & Cook Inc. now owns 5,629 shares of the credit-card processor’s stock valued at $1,466,000 after buying an additional 158 shares during the last quarter. Blue Chip Partners LLC lifted its holdings in Visa by 2.4% in the 4th quarter. Blue Chip Partners LLC now owns 88,114 shares of the credit-card processor’s stock worth $22,940,000 after purchasing an additional 2,084 shares during the last quarter. Finally, Silver Oak Securities Incorporated lifted its holdings in shares of Visa by 36.5% during the fourth quarter. Silver Oak Securities Incorporated now owns 5,140 shares of the credit-card processor’s stock worth $1,338,000 after buying an additional 1,374 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Trading Down 0.7 %

V stock traded down $1.97 during mid-day trading on Monday, reaching $272.55. The company’s stock had a trading volume of 1,414,705 shares, compared to its average volume of 5,895,973. The company has a market cap of $500.54 billion, a price-to-earnings ratio of 30.46, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. The business’s 50 day moving average price is $279.24 and its 200 day moving average price is $264.73. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.09 earnings per share. On average, equities research analysts predict that Visa Inc. will post 9.89 EPS for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. Visa’s payout ratio is 23.24%.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Visa news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the sale, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,150 shares of the business’s 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 disclosure for this sale can be found here. Insiders have sold a total of 19,874 shares of company stock valued at $5,506,827 over the last 90 days. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on V. Robert W. Baird boosted their price objective on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. William Blair reissued an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Royal Bank of Canada increased their target price on Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Redburn Atlantic reissued a “neutral” rating and issued a $307.00 target price on shares of Visa in a research note on Wednesday, March 27th. Finally, Raymond James upped their price target on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $302.58.

Visa Company 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.