Stuart Chaussee & Associates Inc. Buys 94 Shares of Visa Inc. (NYSE:V)

Stuart Chaussee & Associates Inc. increased its position in Visa Inc. (NYSE:V) by 66.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 236 shares of the credit-card processor’s stock after buying an additional 94 shares during the quarter. Stuart Chaussee & Associates Inc.’s holdings in Visa were worth $61,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Addison Advisors LLC grew its position in shares of Visa by 4.5% in the 4th quarter. Addison Advisors LLC now owns 2,448 shares of the credit-card processor’s stock worth $637,000 after buying an additional 105 shares during the last quarter. Gilliland Jeter Wealth Management LLC bought a new stake in Visa in the fourth quarter valued at $2,940,000. Fulton Breakefield Broenniman LLC increased its position in Visa by 0.6% during the 4th quarter. Fulton Breakefield Broenniman LLC now owns 119,082 shares of the credit-card processor’s stock valued at $31,003,000 after purchasing an additional 708 shares during the period. Citizens Financial Group Inc. RI raised its holdings in Visa by 0.6% in the 4th quarter. Citizens Financial Group Inc. RI now owns 69,990 shares of the credit-card processor’s stock worth $18,222,000 after purchasing an additional 422 shares in the last quarter. Finally, Total Investment Management Inc. bought a new stake in shares of Visa during the 4th quarter valued at about $208,000. 82.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

V has been the topic of several recent research reports. Royal Bank of Canada upped their price target on Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday. Wells Fargo & Company increased their price target on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. William Blair reiterated an “outperform” rating on shares of Visa in a report on Wednesday. Redburn Atlantic restated a “neutral” rating and issued a $307.00 price target on shares of Visa in a research note on Wednesday, March 27th. Finally, Oppenheimer lifted their price objective on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average target price of $302.58.

Visa Stock Performance

NYSE:V traded down $0.64 during mid-day trading on Friday, hitting $274.52. 6,840,615 shares of the company traded hands, compared to its average volume of 6,528,673. The stock’s fifty day moving average price is $279.24 and its 200-day moving average price is $264.33. The company has a quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The firm has a market cap 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.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.09 earnings per share. Research analysts anticipate that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.76%. Visa’s payout ratio is 23.24%.

Insider Buying and Selling at Visa

In other Visa news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the sale, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The disclosure for this sale can be found here. Insiders sold a total of 19,874 shares of company stock valued at $5,506,827 in the last three months. 0.19% of the stock is currently owned by corporate insiders.

Visa Company 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.