Visa Inc. (NYSE:V) Shares Sold by Chronos Wealth Management LLC

Chronos Wealth Management LLC lowered its position in shares of Visa Inc. (NYSE:V) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,280 shares of the credit-card processor’s stock after selling 173 shares during the quarter. Visa makes up approximately 5.0% of Chronos Wealth Management LLC’s holdings, making the stock its 8th biggest holding. Chronos Wealth Management LLC’s holdings in Visa were worth $9,886,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of V. Peterson Financial Group Inc. purchased a new stake in shares of Visa in the third quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new stake in Visa in the 4th quarter worth about $26,000. Reston Wealth Management LLC purchased a new stake in Visa in the 3rd quarter valued at about $31,000. Modus Advisors LLC acquired a new position in shares of Visa during the 4th quarter valued at about $32,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of Visa during the 4th quarter valued at about $44,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Trading Up 0.9 %

Shares of V opened at $351.26 on Tuesday. Visa Inc. has a one year low of $252.70 and a one year high of $351.90. The stock has a 50-day moving average price of $321.08 and a 200 day moving average price of $296.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12. The company has a market capitalization of $652.56 billion, a P/E ratio of 35.41, a P/E/G ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Sell-side analysts forecast that Visa Inc. will post 11.27 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s payout ratio is currently 23.79%.

Insider Activity

In related news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the 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 directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,056 shares of company stock worth $19,830,050. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on V shares. Bank of America boosted their target price on shares of Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Wells Fargo & Company boosted their price objective on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Citigroup increased their target price on Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Susquehanna boosted their price target on Visa from $375.00 to $395.00 and gave the company a “positive” rating in a research report on Friday, January 31st. Finally, TD Cowen raised their price objective on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $354.73.

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.