Blackhawk Capital Partners LLC. Cuts Stock Position in Visa Inc. (NYSE:V)

Blackhawk Capital Partners LLC. trimmed its position in shares of Visa Inc. (NYSE:V) by 9.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,294 shares of the credit-card processor’s stock after selling 770 shares during the quarter. Visa comprises about 1.2% of Blackhawk Capital Partners LLC.’s investment portfolio, making the stock its 26th largest holding. Blackhawk Capital Partners LLC.’s holdings in Visa were worth $2,305,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Synergy Financial Group LTD purchased a new stake in shares of Visa during the 4th quarter valued at $233,000. Trifecta Capital Advisors LLC increased its position in Visa by 2.2% during the 4th quarter. Trifecta Capital Advisors LLC now owns 22,556 shares of the credit-card processor’s stock valued at $7,129,000 after buying an additional 496 shares in the last quarter. Mengis Capital Management Inc. purchased a new stake in Visa in the fourth quarter valued at about $267,000. Prasad Wealth Partners LLC acquired a new stake in Visa in the fourth quarter worth about $1,696,000. Finally, BankPlus Trust Department acquired a new stake in Visa in the fourth quarter worth about $1,660,000. 82.15% of the stock is currently owned by institutional investors.

Insider Activity

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value 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 trade represents a 34.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,885 shares of company stock worth $19,161,447 over the last quarter. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on V shares. Morgan Stanley increased their price objective on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Mizuho raised their price target on shares of Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Macquarie boosted their price objective on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, Barclays lifted their price target on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Six investment 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $353.96.

Visa Price Performance

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 firm has a fifty day moving average of $331.31 and a 200 day moving average of $304.27. The firm has a market cap of $651.36 billion, a PE ratio of 35.34, a PEG ratio of 2.33 and a beta of 0.97. Visa Inc. has a one year low of $252.70 and a one year high of $357.15.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts’ consensus estimates 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, research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

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