Visa Inc. (NYSE:V) Stock Holdings Trimmed by Forte Capital LLC ADV

Forte Capital LLC ADV lessened its position in Visa Inc. (NYSE:V) by 6.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,822 shares of the credit-card processor’s stock after selling 252 shares during the period. Forte Capital LLC ADV’s holdings in Visa were worth $1,051,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. WFA Asset Management Corp boosted its position in shares of Visa by 4.6% in the first quarter. WFA Asset Management Corp now owns 2,263 shares of the credit-card processor’s stock worth $632,000 after buying an additional 100 shares during the period. China Universal Asset Management Co. Ltd. boosted its holdings in Visa by 46.9% during the first quarter. China Universal Asset Management Co. Ltd. now owns 50,328 shares of the credit-card processor’s stock valued at $14,046,000 after acquiring an additional 16,078 shares during the period. Signaturefd LLC raised its stake in Visa by 2.3% during the 1st quarter. Signaturefd LLC now owns 39,140 shares of the credit-card processor’s stock valued at $10,923,000 after purchasing an additional 884 shares during the last quarter. Richardson Financial Services Inc. grew its holdings in shares of Visa by 9.0% during the 1st quarter. Richardson Financial Services Inc. now owns 5,020 shares of the credit-card processor’s stock worth $1,401,000 after purchasing an additional 416 shares in the last quarter. Finally, Csenge Advisory Group lifted its stake in Visa by 3.1% during the first quarter. Csenge Advisory Group now owns 15,000 shares of the credit-card processor’s stock worth $4,186,000 after purchasing an additional 458 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Insider Transactions 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 represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.19% of the stock is currently owned by company insiders.

Visa Stock Up 4.8 %

Shares of NYSE:V opened at $307.36 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.37. Visa Inc. has a 1 year low of $240.97 and a 1 year high of $309.00. The business’s 50-day moving average is $282.69 and its 200-day moving average is $274.20. The company has a market capitalization of $560.11 billion, a price-to-earnings ratio of 31.59, a P/E/G ratio of 1.96 and a beta of 0.95.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.33 EPS. Equities research analysts predict that Visa Inc. will post 11.18 earnings per share for the current year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.77%. This is a boost from Visa’s previous quarterly dividend of $0.52. The ex-dividend date is Tuesday, November 12th. Visa’s payout ratio is presently 21.38%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on V shares. Keefe, Bruyette & Woods upgraded Visa from a “moderate buy” rating to a “strong-buy” rating in a research report on Tuesday, September 24th. Oppenheimer restated an “outperform” rating and set a $321.00 price objective (up from $318.00) on shares of Visa in a report on Wednesday, October 30th. BMO Capital Markets increased their target price on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Royal Bank of Canada lifted their price target on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $317.00 price target on shares of Visa in a report on Thursday, September 12th. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $321.74.

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.