Cape ANN Savings Bank cut its holdings in Visa Inc. (NYSE:V – Free Report) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,827 shares of the credit-card processor’s stock after selling 320 shares during the period. Visa makes up 1.3% of Cape ANN Savings Bank’s investment portfolio, making the stock its 19th biggest holding. Cape ANN Savings Bank’s holdings in Visa were worth $2,158,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of V. Peterson Financial Group Inc. bought a new stake in Visa during the third quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new stake in Visa during the fourth quarter valued at about $26,000. Reston Wealth Management LLC bought a new stake in Visa during the third quarter valued at about $31,000. POM Investment Strategies LLC boosted its holdings in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after acquiring an additional 32 shares during the period. Finally, Modus Advisors LLC bought a new stake in Visa during the fourth quarter valued at about $32,000. 82.15% of the stock is currently owned by institutional investors.
Insider Activity at Visa
In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the sale, the general counsel now owns 11,925 shares of the company’s stock, valued at $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction 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 approximately $12,789,689.82. This represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,885 shares of company stock valued at $19,161,447 over the last quarter. Corporate insiders own 0.13% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on V
Visa Stock Performance
NYSE V opened at $352.00 on Wednesday. The firm has a market cap of $653.93 billion, a price-to-earnings ratio of 35.48, a PEG ratio of 2.33 and a beta of 0.97. The company has a 50 day moving average of $330.49 and a 200-day moving average of $303.94. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $357.15.
Visa (NYSE:V – Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, equities analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.
Visa Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s dividend payout ratio is currently 23.79%.
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.
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