Visa Inc. (NYSE:V) Shares Sold by Wetzel Investment Advisors Inc.

Wetzel Investment Advisors Inc. trimmed its stake in shares of Visa Inc. (NYSE:V) by 6.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,045 shares of the credit-card processor’s stock after selling 73 shares during the quarter. Wetzel Investment Advisors Inc.’s holdings in Visa were worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Intact Investment Management Inc. lifted its holdings in shares of Visa by 930.0% in the 3rd quarter. Intact Investment Management Inc. now owns 10,300 shares of the credit-card processor’s stock valued at $2,832,000 after buying an additional 9,300 shares during the period. Wheelhouse Advisory Group LLC acquired a new stake in shares of Visa in the 3rd quarter valued at approximately $201,000. HS Management Partners LLC lifted its holdings in shares of Visa by 57.9% in the 3rd quarter. HS Management Partners LLC now owns 228,520 shares of the credit-card processor’s stock valued at $62,832,000 after buying an additional 83,754 shares during the period. Roman Butler Fullerton & Co. lifted its holdings in shares of Visa by 1.4% in the 3rd quarter. Roman Butler Fullerton & Co. now owns 4,750 shares of the credit-card processor’s stock valued at $1,327,000 after buying an additional 67 shares during the period. Finally, Citizens National Bank Trust Department lifted its holdings in shares of Visa by 3.3% in the 3rd quarter. Citizens National Bank Trust Department now owns 22,787 shares of the credit-card processor’s stock valued at $6,265,000 after buying an additional 736 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on V. Piper Sandler boosted their target price on Visa from $319.00 to $322.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Mizuho boosted their target price on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research report on Friday. Citigroup boosted their target price on Visa from $319.00 to $326.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Susquehanna boosted their target price on Visa from $326.00 to $339.00 and gave the stock a “positive” rating in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $321.74.

Visa Stock Up 0.4 %

V opened at $291.85 on Tuesday. Visa Inc. has a 12 month low of $240.97 and a 12 month high of $296.34. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.37. The stock has a market cap of $531.84 billion, a P/E ratio of 29.99, a P/E/G ratio of 1.95 and a beta of 0.95. The stock’s 50 day moving average price is $281.47 and its 200 day moving average price is $273.80.

Visa (NYSE:V) last posted its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same period last year, the firm earned $2.33 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. As a group, research analysts predict that Visa Inc. will post 11.18 earnings per share for the current year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.59 per share. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is presently 21.38%.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $148,687.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

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.