Visa Inc. (NYSE:V) Shares Sold by Resolute Wealth Strategies LLC

Resolute Wealth Strategies LLC lessened its position in Visa Inc. (NYSE:V) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,222 shares of the credit-card processor’s stock after selling 159 shares during the period. Resolute Wealth Strategies LLC’s holdings in Visa were worth $1,018,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Unified Investment Management acquired a new position in Visa during the fourth quarter worth approximately $814,000. Marathon Asset Management Ltd increased its position in Visa by 8.8% during the fourth quarter. Marathon Asset Management Ltd now owns 211,792 shares of the credit-card processor’s stock worth $66,937,000 after purchasing an additional 17,071 shares during the last quarter. Meridian Wealth Management LLC increased its position in Visa by 5.7% during the fourth quarter. Meridian Wealth Management LLC now owns 21,863 shares of the credit-card processor’s stock worth $6,909,000 after purchasing an additional 1,186 shares during the last quarter. Detalus Advisors LLC grew its stake in Visa by 16.8% during the fourth quarter. Detalus Advisors LLC now owns 2,768 shares of the credit-card processor’s stock worth $875,000 after buying an additional 399 shares during the period. Finally, Auxano Advisors LLC grew its stake in Visa by 2.3% during the fourth quarter. Auxano Advisors LLC now owns 10,274 shares of the credit-card processor’s stock worth $3,247,000 after buying an additional 227 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the transaction, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,885 shares of company stock valued at $19,161,447. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

V has been the subject of several research reports. Citigroup reiterated a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Bank of America boosted their price objective on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Raymond James restated an “outperform” rating and issued a $393.00 target price (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Wells Fargo & Company upped their target price on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, The Goldman Sachs Group upped their target price on shares of Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $353.96.

Visa Stock Down 0.3 %

V stock opened at $361.60 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The firm’s 50-day simple moving average is $333.92 and its 200 day simple moving average is $306.64. The stock has a market cap of $671.77 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97.

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

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.65%. Visa’s payout ratio is 23.79%.

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.