Brookstone Capital Management Decreases Stock Holdings in Visa Inc. (NYSE:V)

Brookstone Capital Management reduced its position in shares of Visa Inc. (NYSE:V) by 0.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 37,878 shares of the credit-card processor’s stock after selling 228 shares during the period. Brookstone Capital Management’s holdings in Visa were worth $11,971,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Trust Co. of Toledo NA OH lifted its position in Visa by 3.4% in the fourth quarter. Trust Co. of Toledo NA OH now owns 16,959 shares of the credit-card processor’s stock valued at $5,360,000 after acquiring an additional 550 shares during the last quarter. Fiduciary Alliance LLC lifted its position in Visa by 180.7% in the fourth quarter. Fiduciary Alliance LLC now owns 12,863 shares of the credit-card processor’s stock valued at $4,065,000 after acquiring an additional 8,281 shares during the last quarter. Winthrop Advisory Group LLC lifted its position in Visa by 6.2% in the fourth quarter. Winthrop Advisory Group LLC now owns 9,710 shares of the credit-card processor’s stock valued at $3,069,000 after acquiring an additional 563 shares during the last quarter. Matrix Trust Co purchased a new stake in Visa in the fourth quarter valued at $161,000. Finally, Aprio Wealth Management LLC lifted its position in Visa by 32.8% in the fourth quarter. Aprio Wealth Management LLC now owns 6,636 shares of the credit-card processor’s stock valued at $2,097,000 after acquiring an additional 1,639 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Trading Down 0.4 %

Shares of V opened at $306.59 on Tuesday. The firm’s 50-day moving average is $312.44 and its two-hundred day moving average is $287.32. The firm has a market capitalization of $571.14 billion, a P/E ratio of 31.51, a PEG ratio of 2.11 and a beta of 0.96. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $321.61. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last released its quarterly 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. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.33 earnings per share. On average, research analysts predict that Visa Inc. will post 11.23 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were given a $0.59 dividend. The ex-dividend date was Tuesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.77%. Visa’s dividend payout ratio is currently 24.25%.

Analyst Ratings Changes

A number of brokerages recently weighed in on V. TD Cowen boosted their price target on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Bank of America upped their target price on shares of Visa from $279.00 to $308.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Robert W. Baird upped their target price on shares of Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods upped their target price on shares of Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Royal Bank of Canada upped their target price on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Visa presently has an average rating of “Moderate Buy” and an average price target of $330.85.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

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.