Avalon Capital Management Has $2.07 Million Holdings in Visa Inc. (NYSE:V)

Avalon Capital Management raised its position in shares of Visa Inc. (NYSE:V) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,543 shares of the credit-card processor’s stock after buying an additional 39 shares during the quarter. Avalon Capital Management’s holdings in Visa were worth $2,068,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB lifted its stake in Visa by 10.7% in the 3rd quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor’s stock worth $566,153,000 after acquiring an additional 199,440 shares in the last quarter. Howard Capital Management Group LLC increased its holdings in shares of Visa by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock valued at $29,242,000 after purchasing an additional 610 shares during the period. Pettinga Financial Advisors LLC acquired a new position in shares of Visa in the 3rd quarter valued at about $228,000. Investment Partners Asset Management Inc. lifted its position in shares of Visa by 7.8% in the third quarter. Investment Partners Asset Management Inc. now owns 2,981 shares of the credit-card processor’s stock worth $820,000 after purchasing an additional 215 shares in the last quarter. Finally, Concord Wealth Partners boosted its holdings in shares of Visa by 9.6% during the third quarter. Concord Wealth Partners now owns 9,685 shares of the credit-card processor’s stock worth $2,663,000 after purchasing an additional 852 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at $1,569,094.56. This represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,885 shares of company stock valued at $19,161,447. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

V has been the topic of several research reports. Citigroup reiterated a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group lifted their price objective on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research report on Friday, January 31st. TD Cowen boosted their target price on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $353.96.

Visa Trading Down 0.4 %

Shares of NYSE:V opened at $350.61 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The stock’s 50-day moving average is $331.31 and its 200-day moving average is $304.27. The company has a market cap of $651.36 billion, a P/E ratio of 35.34, a P/E/G ratio of 2.33 and a beta of 0.97. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $357.15.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is currently 23.79%.

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.