Horan Capital Advisors LLC. Decreases Stake in Visa Inc. (NYSE:V)

Horan Capital Advisors LLC. lessened its position in shares of Visa Inc. (NYSE:V) by 8.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,272 shares of the credit-card processor’s stock after selling 892 shares during the quarter. Visa comprises 1.1% of Horan Capital Advisors LLC.’s portfolio, making the stock its 29th biggest holding. Horan Capital Advisors LLC.’s holdings in Visa were worth $3,246,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in V. Elevation Wealth Partners LLC boosted its holdings in shares of Visa by 3.3% in the fourth quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor’s stock valued at $297,000 after purchasing an additional 30 shares during the period. Warther Private Wealth LLC raised its position in Visa by 1.0% during the 4th quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor’s stock valued at $928,000 after purchasing an additional 30 shares in the last quarter. Valmark Advisers Inc. lifted its holdings in shares of Visa by 0.4% in the 4th quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor’s stock worth $2,292,000 after buying an additional 30 shares during the period. Crescent Grove Advisors LLC lifted its holdings in shares of Visa by 2.2% in the 4th quarter. Crescent Grove Advisors LLC now owns 1,437 shares of the credit-card processor’s stock worth $454,000 after buying an additional 31 shares during the period. Finally, Vicus Capital grew its position in shares of Visa by 3.1% during the 4th quarter. Vicus Capital now owns 1,032 shares of the credit-card processor’s stock worth $326,000 after buying an additional 31 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00. Following the sale, the chief executive officer now owns 537 shares in the company, valued at $194,931. This represents a 94.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,505 shares of company stock valued at $22,290,507. 0.13% of the stock is owned by insiders.

Visa Price Performance

NYSE V opened at $351.88 on Wednesday. The company has a market cap of $653.71 billion, a price-to-earnings ratio of 35.47, a PEG ratio of 2.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock’s fifty day moving average price is $334.54 and its 200 day moving average price is $307.24. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating 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 forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.67%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Analyst Upgrades and Downgrades

V has been the subject of several recent research reports. Citigroup restated a “neutral” rating on shares of Visa in a report on Thursday, February 13th. Susquehanna boosted their price target on shares of Visa from $395.00 to $410.00 and gave the company a “positive” rating in a report on Friday, February 21st. Morgan Stanley increased their price objective on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a report on Thursday, February 13th. Finally, The Goldman Sachs Group upped their target price on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $353.96.

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.