Pioneer Trust Bank N A OR Cuts Stake in Visa Inc. (NYSE:V)

Pioneer Trust Bank N A OR lessened its holdings in Visa Inc. (NYSE:V) by 2.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,280 shares of the credit-card processor’s stock after selling 735 shares during the period. Visa makes up approximately 2.6% of Pioneer Trust Bank N A OR’s portfolio, making the stock its 12th largest position. Pioneer Trust Bank N A OR’s holdings in Visa were worth $10,202,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Lynwood Price Capital Management LP acquired a new position in shares of Visa during the fourth quarter worth about $1,580,000. Kidder Stephen W grew its holdings in Visa by 5.0% during the 4th quarter. Kidder Stephen W now owns 1,067 shares of the credit-card processor’s stock worth $337,000 after acquiring an additional 51 shares in the last quarter. Leeward Financial Partners LLC raised its holdings in shares of Visa by 3.8% in the 4th quarter. Leeward Financial Partners LLC now owns 15,159 shares of the credit-card processor’s stock valued at $4,791,000 after purchasing an additional 551 shares in the last quarter. Landscape Capital Management L.L.C. lifted its position in shares of Visa by 16.0% during the 4th quarter. Landscape Capital Management L.L.C. now owns 29,317 shares of the credit-card processor’s stock worth $9,265,000 after purchasing an additional 4,050 shares during the last quarter. Finally, Thoroughbred Financial Services LLC lifted its position in shares of Visa by 1.2% during the 4th quarter. Thoroughbred Financial Services LLC now owns 39,295 shares of the credit-card processor’s stock worth $12,418,000 after purchasing an additional 464 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the topic of a number of analyst reports. Raymond James restated an “outperform” rating and issued a $393.00 price target (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Citigroup reissued a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Morgan Stanley upped 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. Bank of America raised their price objective on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, William Blair restated an “outperform” rating on shares of Visa in a report on Friday, January 31st. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $355.84.

Visa Stock Down 7.6 %

Shares of NYSE:V opened at $313.46 on Friday. The company has a market cap of $582.34 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 2.33 and a beta of 0.94. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The firm’s 50-day simple moving average is $345.02 and its 200-day simple moving average is $316.89. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping 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 research analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is currently 23.79%.

Insiders Place Their Bets

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the sale, the general counsel now owns 11,925 shares of the company’s stock, valued at $4,054,500. The trade was a 17.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $2,930,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,205 shares of company stock worth $48,842,490. Corporate insiders own 0.13% 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.