Blake Schutter Theil Wealth Advisors LLC Sells 4,450 Shares of Visa Inc. (NYSE:V)

Blake Schutter Theil Wealth Advisors LLC cut its position in shares of Visa Inc. (NYSE:V) by 85.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 754 shares of the credit-card processor’s stock after selling 4,450 shares during the period. Blake Schutter Theil Wealth Advisors LLC’s holdings in Visa were worth $238,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Peterson Financial Group Inc. acquired a new position in shares of Visa in the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. bought a new stake in shares of Visa during the fourth quarter worth $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Visa in the fourth quarter valued at $27,000. POM Investment Strategies LLC increased its position in Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after acquiring an additional 32 shares in the last quarter. Finally, Modus Advisors LLC bought a new position in shares of Visa in the fourth quarter worth about $32,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the sale, the general counsel now directly owns 11,925 shares of the company’s stock, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 64,505 shares of company stock worth $22,290,507 in the last three months. Company insiders own 0.13% of the company’s stock.

Visa Price Performance

Shares of V opened at $345.79 on Friday. The firm has a market cap of $642.41 billion, a PE ratio of 34.86, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The business’s 50 day moving average price is $336.18 and its two-hundred day moving average price is $308.63. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on V. Bank of America upped their price objective on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. The Goldman Sachs Group boosted their price objective on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Barclays raised their target price on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. William Blair restated an “outperform” rating on shares of Visa in a report on Friday, January 31st. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average price target of $353.96.

About Visa

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.