Aletheian Wealth Advisors LLC Sells 420 Shares of Visa Inc. (NYSE:V)

Aletheian Wealth Advisors LLC trimmed its stake in shares of Visa Inc. (NYSE:V) by 10.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,460 shares of the credit-card processor’s stock after selling 420 shares during the quarter. Aletheian Wealth Advisors LLC’s holdings in Visa were worth $966,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Visa in the fourth quarter valued at about $3,895,015,000. International Assets Investment Management LLC boosted its position in shares of Visa by 17,418.7% in the fourth quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock valued at $1,233,338,000 after acquiring an additional 4,710,188 shares during the period. Public Employees Retirement Association of Colorado boosted its position in shares of Visa by 14,306.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,500,270 shares of the credit-card processor’s stock valued at $390,595,000 after acquiring an additional 1,489,856 shares during the period. Capital World Investors boosted its position in shares of Visa by 8.0% in the fourth quarter. Capital World Investors now owns 17,895,788 shares of the credit-card processor’s stock valued at $4,659,169,000 after acquiring an additional 1,323,238 shares during the period. Finally, Capital Research Global Investors boosted its position in shares of Visa by 139.4% in the fourth quarter. Capital Research Global Investors now owns 2,185,077 shares of the credit-card processor’s stock valued at $568,885,000 after acquiring an additional 1,272,211 shares during the period. 82.15% of the stock is owned by institutional investors.

Insider Transactions at Visa

In other news, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Lloyd Carney sold 909 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The disclosure for this sale can be found here. Insiders have sold 34,402 shares of company stock valued at $9,559,382 over the last ninety days. 0.19% of the stock is owned by company insiders.

Visa Price Performance

Visa stock opened at $266.62 on Friday. The stock has a market capitalization of $487.63 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 1.87 and a beta of 0.97. Visa Inc. has a 52-week low of $226.02 and a 52-week high of $290.96. The stock’s 50 day moving average price is $274.13 and its two-hundred day moving average price is $273.41. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same period in the prior year, the business earned $2.09 EPS. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities analysts predict that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s payout ratio is 23.24%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on V. 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 report on Wednesday, April 24th. Royal Bank of Canada boosted their target price on Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Evercore ISI lowered their target price on Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Tuesday. Robert W. Baird boosted their target price on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Finally, Redburn Atlantic reissued a “neutral” rating and set a $307.00 target price on shares of Visa in a research note on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $303.56.

Visa 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.