Hudson Valley Investment Advisors Inc. ADV cut its stake in shares of Visa Inc. (NYSE:V – Free Report) by 4.1% in the 4th quarter, Holdings Channel reports. The firm owned 37,949 shares of the credit-card processor’s stock after selling 1,637 shares during the quarter. Visa comprises approximately 1.4% of Hudson Valley Investment Advisors Inc. ADV’s holdings, making the stock its 19th biggest position. Hudson Valley Investment Advisors Inc. ADV’s holdings in Visa were worth $11,994,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Peterson Financial Group Inc. acquired a new stake in shares of Visa in the third quarter valued at approximately $26,000. Reston Wealth Management LLC bought a new position in Visa in the 3rd quarter worth approximately $31,000. Modus Advisors LLC acquired a new stake in Visa in the 4th quarter valued at approximately $32,000. Fairway Wealth LLC bought a new stake in Visa during the 2nd quarter valued at $39,000. Finally, West Financial Advisors LLC boosted its position in Visa by 101.4% during the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock worth $40,000 after acquiring an additional 73 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Visa
In other Visa news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on V
Visa Stock Up 0.3 %
Shares of NYSE:V opened at $312.74 on Friday. The firm has a 50 day simple moving average of $311.80 and a 200 day simple moving average of $286.63. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $321.61. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market cap of $582.60 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96.
Visa (NYSE:V – Get Free Report) last released its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. The company had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.33 earnings per share. As a group, research analysts expect that Visa Inc. will post 11.23 earnings per share for the current year.
Visa Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a yield of 0.75%. Visa’s dividend payout ratio (DPR) is presently 24.25%.
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.
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