Schwarz Dygos Wheeler Investment Advisors LLC Has $2.03 Million Position in Visa Inc. (NYSE:V)

Schwarz Dygos Wheeler Investment Advisors LLC cut its holdings in Visa Inc. (NYSE:V) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,791 shares of the credit-card processor’s stock after selling 168 shares during the quarter. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Visa were worth $2,028,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new position in shares of Visa during the 3rd quarter worth about $25,000. O Brien Wealth Partners LLC acquired a new position in shares of Visa in the 4th quarter worth approximately $32,000. Valued Wealth Advisors LLC bought a new position in shares of Visa during the 4th quarter worth approximately $37,000. Stuart Chaussee & Associates Inc. boosted its stake in Visa by 66.2% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock valued at $61,000 after buying an additional 94 shares in the last quarter. Finally, Macroview Investment Management LLC raised its stake in Visa by 1,019.2% during the third quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock worth $67,000 after acquiring an additional 265 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Down 0.2 %

NYSE V traded down $0.64 during trading hours on Friday, reaching $274.52. 6,840,615 shares of the company’s stock were exchanged, compared to its average volume of 6,528,673. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.45 and a current ratio of 1.40. The company has a market capitalization of $504.16 billion, a price-to-earnings ratio of 30.67, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. The company’s 50-day moving average is $279.24 and its two-hundred day moving average is $264.33. Visa Inc. has a one year low of $216.14 and a one year high of $290.96.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.08. The company had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.09 earnings per share. On average, analysts forecast 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 will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be issued a $0.52 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. Visa’s dividend payout ratio (DPR) is 23.24%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. UBS Group boosted their target price on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Wednesday. Susquehanna increased their price target on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Redburn Atlantic restated a “neutral” rating and set a $307.00 target price on shares of Visa in a report on Wednesday, March 27th. Finally, Mizuho reiterated a “neutral” rating and set a $265.00 price target on shares of Visa in a research report on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $302.58.

Insider Transactions at Visa

In other news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The disclosure for this sale can be found here. Insiders sold 19,874 shares of company stock valued at $5,506,827 over the last three months. 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.