Buckley Wealth Management LLC Sells 55 Shares of Visa Inc. (NYSE:V)

Buckley Wealth Management LLC reduced its position in shares of Visa Inc. (NYSE:V) by 1.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,668 shares of the credit-card processor’s stock after selling 55 shares during the quarter. Buckley Wealth Management LLC’s holdings in Visa were worth $1,215,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Visa by 1.7% during the second quarter. State Street Corp now owns 74,133,003 shares of the credit-card processor’s stock valued at $17,605,106,000 after acquiring an additional 1,235,891 shares in the last quarter. Morgan Stanley increased its position in Visa by 13.0% during the 4th quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock valued at $10,621,287,000 after purchasing an additional 5,864,340 shares during the period. FMR LLC raised its holdings in Visa by 4.7% in the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock worth $11,582,785,000 after purchasing an additional 2,257,605 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its position in shares of Visa by 116,608.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock worth $5,090,978,000 after purchasing an additional 24,483,134 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of Visa by 5.7% during the 2nd quarter. Royal Bank of Canada now owns 18,879,347 shares of the credit-card processor’s stock valued at $4,483,466,000 after purchasing an additional 1,015,104 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

V has been the topic of several research reports. Royal Bank of Canada lifted their price objective on Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. KeyCorp upped their price target on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, January 8th. Evercore ISI raised their price objective on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday. Monness Crespi & Hardt started coverage on shares of Visa in a research note on Wednesday, December 20th. They issued a “neutral” rating for the company. Finally, Jefferies Financial Group boosted their price objective on shares of Visa from $280.00 to $295.00 and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and a consensus target price of $295.82.

Visa Stock Performance

NYSE V traded up $0.70 during trading hours on Thursday, hitting $279.72. The company’s stock had a trading volume of 2,714,541 shares, compared to its average volume of 5,597,521. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market cap of $513.71 billion, a P/E ratio of 32.09, a price-to-earnings-growth ratio of 1.94 and a beta of 0.96. The company’s 50 day simple moving average is $278.86 and its two-hundred day simple moving average is $258.51. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. During the same period in the previous year, the company earned $2.18 earnings per share. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, sell-side analysts expect that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were paid a $0.52 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.74%. Visa’s dividend payout ratio (DPR) is currently 23.94%.

Insider Buying and Selling

In other news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction dated 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 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 Securities & Exchange Commission, which is available through the SEC website. In related news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at $62,716,662.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders sold 47,311 shares of company stock valued at $12,832,129 over the last 90 days. Company insiders own 0.19% of the company’s stock.

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.