Investment Advisory Services Inc. TX ADV Reduces Stake in Visa Inc. (NYSE:V)

Investment Advisory Services Inc. TX ADV cut its holdings in shares of Visa Inc. (NYSE:V) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,396 shares of the credit-card processor’s stock after selling 30 shares during the period. Investment Advisory Services Inc. TX ADV’s holdings in Visa were worth $1,073,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Affiance Financial LLC lifted its stake in shares of Visa by 5.4% in the 3rd quarter. Affiance Financial LLC now owns 954 shares of the credit-card processor’s stock valued at $262,000 after purchasing an additional 49 shares during the period. Martin Capital Advisors LLP lifted its position in Visa by 0.6% during the third quarter. Martin Capital Advisors LLP now owns 11,221 shares of the credit-card processor’s stock valued at $3,085,000 after buying an additional 66 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in shares of Visa by 1.0% during the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 163,901 shares of the credit-card processor’s stock valued at $45,065,000 after buying an additional 1,575 shares in the last quarter. Thomasville National Bank grew its position in shares of Visa by 3.6% in the 3rd quarter. Thomasville National Bank now owns 113,108 shares of the credit-card processor’s stock worth $31,099,000 after buying an additional 3,903 shares during the period. Finally, Capricorn Fund Managers Ltd increased its stake in shares of Visa by 75.7% in the 3rd quarter. Capricorn Fund Managers Ltd now owns 19,554 shares of the credit-card processor’s stock worth $5,376,000 after acquiring an additional 8,422 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on V. Mizuho upped their price objective on shares of Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. TD Cowen upped their price target on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Susquehanna lifted their price objective on Visa from $375.00 to $395.00 and gave the company a “positive” rating in a research note on Friday, January 31st. Macquarie boosted their target price on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird raised their price target on Visa from $330.00 to $340.00 and gave the company an “outperform” 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $354.73.

Visa Trading Up 0.9 %

Shares of Visa stock opened at $351.26 on Tuesday. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $351.90. The company’s fifty day simple moving average is $321.08 and its 200-day simple moving average is $296.19. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The stock has a market capitalization of $652.56 billion, a PE 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 earnings per share 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%. As a group, equities analysts anticipate that Visa Inc. will post 11.27 earnings per share for the current year.

Visa Dividend Announcement

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

Insider Buying and Selling

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the 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 completion of the sale, the insider now directly owns 36,566 shares of the company’s stock, valued at $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,056 shares of company stock valued at $19,830,050. 0.13% of the stock is owned by corporate 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.