1834 Investment Advisors Co. Lowers Stake in Visa Inc. (NYSE:V)

1834 Investment Advisors Co. cut its stake in Visa Inc. (NYSE:V) by 5.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,255 shares of the credit-card processor’s stock after selling 281 shares during the period. 1834 Investment Advisors Co.’s holdings in Visa were worth $1,661,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Peterson Financial Group Inc. bought a new stake in shares of Visa in the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. purchased a new position in Visa in the 4th quarter worth $26,000. Reston Wealth Management LLC bought a new stake in Visa in the third quarter worth $31,000. Modus Advisors LLC purchased a new stake in Visa during the fourth quarter valued at about $32,000. Finally, West Financial Advisors LLC grew its stake in shares of Visa by 101.4% during the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after buying an additional 73 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

V has been the subject of a number of analyst reports. Citigroup increased their price objective on Visa from $326.00 to $354.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Mizuho increased their price target on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Oppenheimer boosted their price objective on shares of Visa from $321.00 to $375.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Barclays increased their target price on shares of Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, Morgan Stanley boosted their price target on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average target price of $335.52.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred 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. 0.13% of the stock is currently owned by company insiders.

Visa Stock Performance

Shares of V opened at $334.80 on Wednesday. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $337.83. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The stock has a market cap of $623.69 billion, a P/E ratio of 34.41, a P/E/G ratio of 2.17 and a beta of 0.96. The business’s 50 day moving average price is $315.39 and its 200-day moving average price is $291.29.

Visa (NYSE:V) last released its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the previous year, the company posted $2.33 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities research analysts anticipate that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

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.