Visa Inc. (NYSE:V) Shares Sold by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV decreased its stake in Visa Inc. (NYSE:V) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,949 shares of the credit-card processor’s stock after selling 1,637 shares during the period. Visa accounts for 1.4% of Hudson Valley Investment Advisors Inc. ADV’s investment portfolio, making the stock its 19th largest holding. Hudson Valley Investment Advisors Inc. ADV’s holdings in Visa were worth $11,994,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Cumberland Advisors Inc. acquired a new position in shares of Visa in the 4th quarter valued at $202,000. Legacy Private Trust Co. grew its position in Visa by 49.6% during the 4th quarter. Legacy Private Trust Co. now owns 13,728 shares of the credit-card processor’s stock worth $4,339,000 after purchasing an additional 4,550 shares during the last quarter. Worth Asset Management LLC grew its position in Visa by 4.1% during the 4th quarter. Worth Asset Management LLC now owns 2,003 shares of the credit-card processor’s stock worth $633,000 after purchasing an additional 79 shares during the last quarter. Sterneck Capital Management LLC acquired a new position in Visa in the fourth quarter valued at $248,000. Finally, Innova Wealth Partners purchased a new stake in shares of Visa in the fourth quarter valued at about $311,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on V. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price target on shares of Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Barclays raised their price objective on shares of Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Bank of America boosted their target price on Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Finally, Susquehanna raised their price target on Visa from $339.00 to $375.00 and gave the company a “positive” rating in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $330.85.

Visa Stock Up 0.3 %

V opened at $312.74 on Friday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $321.61. The firm has a 50 day moving average price of $311.80 and a 200 day moving average price of $286.63. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market cap of $582.60 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same period in the prior year, the company earned $2.33 EPS. The firm’s revenue was up 11.7% on a year-over-year basis. Sell-side analysts expect that Visa Inc. will post 11.23 earnings per share for the current year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were paid a $0.59 dividend. The ex-dividend date was Tuesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.75%. Visa’s dividend payout ratio is 24.25%.

Visa Company 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.