Visa Inc. (NYSE:V) is Cypress Capital Management LLC WY’s 10th Largest Position

Cypress Capital Management LLC WY cut its stake in Visa Inc. (NYSE:V) by 2.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,312 shares of the credit-card processor’s stock after selling 245 shares during the quarter. Visa makes up approximately 2.4% of Cypress Capital Management LLC WY’s investment portfolio, making the stock its 10th biggest position. Cypress Capital Management LLC WY’s holdings in Visa were worth $2,164,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in V. Trifecta Capital Advisors LLC lifted its stake in Visa by 2.7% during the third quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock worth $4,641,000 after purchasing an additional 536 shares in the last quarter. Welch Group LLC lifted its stake in Visa by 2.1% during the third quarter. Welch Group LLC now owns 24,050 shares of the credit-card processor’s stock worth $5,532,000 after purchasing an additional 485 shares in the last quarter. Opal Wealth Advisors LLC lifted its stake in Visa by 3.8% during the third quarter. Opal Wealth Advisors LLC now owns 5,928 shares of the credit-card processor’s stock worth $1,364,000 after purchasing an additional 218 shares in the last quarter. Benedict Financial Advisors Inc. lifted its stake in Visa by 3.2% during the third quarter. Benedict Financial Advisors Inc. now owns 20,903 shares of the credit-card processor’s stock worth $4,808,000 after purchasing an additional 640 shares in the last quarter. Finally, Czech National Bank lifted its stake in Visa by 46.6% during the third quarter. Czech National Bank now owns 280,833 shares of the credit-card processor’s stock worth $64,594,000 after purchasing an additional 89,250 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on V. Susquehanna increased their price objective on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research note on Friday, January 26th. Barclays increased their price objective on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Citigroup increased their price objective on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Robert W. Baird increased their price objective on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Finally, Wedbush increased their target price on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average target price of $302.58.

Insider Buying and Selling at Visa

In other news, Director Lloyd Carney sold 909 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the transaction, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lloyd Carney sold 909 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,874 shares of company stock worth $5,506,827. 0.19% of the stock is currently owned by company insiders.

Visa Stock Down 0.9 %

Shares of V traded down $2.57 during midday trading on Monday, hitting $271.95. The company had a trading volume of 2,103,193 shares, compared to its average volume of 5,903,134. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96. The stock has a market cap of $499.44 billion, a price-to-earnings ratio of 30.37, a PEG ratio of 1.89 and a beta of 0.96. The company’s 50 day moving average price is $279.24 and its 200 day moving average price is $264.73. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.09 EPS. On average, equities research analysts predict that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a $0.52 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.76%. Visa’s dividend payout ratio is presently 23.24%.

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.