Visa Inc. (NYSE:V) Shares Sold by Salomon & Ludwin LLC

Salomon & Ludwin LLC trimmed its holdings in shares of Visa Inc. (NYSE:V) by 33.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 783 shares of the credit-card processor’s stock after selling 401 shares during the period. Salomon & Ludwin LLC’s holdings in Visa were worth $247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in V. Peterson Financial Group Inc. acquired a new position in Visa during the third quarter worth approximately $26,000. Decker Retirement Planning Inc. purchased a new position in Visa during the 4th quarter worth $26,000. Reston Wealth Management LLC purchased a new position in Visa during the third quarter worth about $31,000. POM Investment Strategies LLC lifted its holdings in shares of 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 buying an additional 32 shares during the period. Finally, Modus Advisors LLC acquired a new stake in Visa in the fourth quarter valued at $32,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Down 0.5 %

V stock opened at $353.73 on Tuesday. The company has a market capitalization of $657.15 billion, a P/E ratio of 35.66, a PEG ratio of 2.32 and a beta of 0.97. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $356.08. The firm has a 50 day simple moving average of $325.14 and a 200-day simple moving average of $299.42.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping 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%. On average, equities research analysts predict that Visa Inc. will post 11.27 earnings per share for the current fiscal year.

Visa Dividend Announcement

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

Analysts Set New Price Targets

V has been the subject of a number of research reports. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. William Blair reissued an “outperform” rating on shares of Visa in a report on Friday, January 31st. Oppenheimer upped their price objective on shares of Visa from $375.00 to $390.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Morgan Stanley increased their target price on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Finally, Macquarie upped their price target on shares of Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $354.73.

Insider Buying and Selling

In related news, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at $1,569,094.56. This represents a 34.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,056 shares of company stock worth $19,830,050 in the last three months. 0.13% of the stock is owned by insiders.

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.