Ellenbecker Investment Group reduces stakes in Visa Inc. (NYSE: V)


Ellenbecker Investment Group reduced its position in the shares of Visa Inc. (NYSE: V – Get Rating) by 18.3% in the first quarter, reports Holdings Channel.com. The fund owned 1,116 shares of credit card processor shares after selling 250 shares during the period. Ellenbecker Investment Group owns $ 247,000 at the end of the last reporting period.

Other large investors have also recently made changes to their positions in the company. Outfitter Financial LLC acquired a new position in Visa shares in the 4th quarter worth approximately $ 27,000. Blue Bell Private Wealth Management LLC acquired a new position in Visa shares in the 4th quarter worth approximately $ 32,000. Joseph Group Capital Management acquired a new position in Visa shares in the 4th quarter worth approximately $ 1,429,000. Rise Advisors LLC acquired a new position in Visa shares in the 4th quarter worth approximately $ 35,000. Finally, Disciplined Investments LLC increased its position in Visa shares by 500.0% in the 4th quarter. Disciplined Investments LLC now owns 168 shares of the $ 36,000 credit card processor after buying an additional 140 shares in the last quarter. 80.77% of the shares are currently owned by institutional investors and hedge funds.

Shares of NYSE V opened at $ 205.51 on Friday. Visa Inc. has a 52-week low of $ 185.91 and a 52-week high of $ 252.67. The company has a 50-day moving average of $ 204.67 and a 200-day moving average of $ 212.18. The shares have a market capitalization of $ 390.73 billion, a PE ratio of 32.31, a P / E / G ratio of 1.65 and a beta ratio of 0.90. The company has a fast ratio of 1.29, a current ratio of 1.29 and a debt to equity ratio of 0.53.

Visa (NYSE: V – Get Rating) last announced its quarterly earnings results on Tuesday, April 26. The credit card processor reported earnings of $ 1.79 per share for the quarter, beating analysts’ consensus estimates of $ 1.65 by $ 0.14. Visa had a net margin of 51.10% and a return on equity of 42.89%. The company had revenue of $ 7.19 billion in the quarter, compared to analysts’ expectations of $ 6.82 billion. In the same period last year, the company earned $ 1.38 EPS. The company’s revenues increased by 25.5% on an annual basis. Stock research analysts expect Visa Inc. to report EPS 7.16 for the current fiscal year.

The company also recently announced a three-month dividend, which was paid on Wednesday (June 1st). Record investors on Friday, May 13, received a dividend of $ 0.375 per share. The date of the former dividend was Thursday, May 12. This represents a dividend of $ 1.50 on an annual basis and a yield of 0.73%. Visa’s dividend payout ratio (DPR) is 23.58%.

V has been the subject of several research reports. Cowen lowered his Visa price target from $ 276.00 to $ 254.00 and set a rating for the company’s “superiority” in a research report on Wednesday (April 27th). StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a research report on Thursday, April 28th. Citigroup reduced its Visa price target from $ 285.00 to $ 265.00 in a research report on Monday, April 25. Credit Suisse Group raised its target price for Visa from $ 260.00 to $ 265.00 and gave the company a rating of “superior” in a report on Wednesday, April 27. Finally, Barclays lowered its target price for Visa from $ 265.00 to $ 260.00 and set a rating for the company’s “overweight” in a report on Monday, April 4. Five analysts rated the shares with a retention rating, and twenty-one gave a rating for the purchase of shares. Based on data from MarketBeat, the company currently has an average “Moderate Buying” rating and an average target price of $ 267.44.

In other news on Visa, President Ryan Maxinerney sold 6,467 shares of the company’s stock in a deal on Friday, April 1st. The shares were sold at an average price of $ 223.65, for a total value of $ 1,446,344.55. The transaction is disclosed in the legal documentation of the Securities and Exchange Commission, which you can access through this hyperlink. Also, CEO Alfred F. Kelly Jr. sold 9,000 shares of the company’s shares in a deal on Thursday, March 31st. The shares were sold at an average price of $ 223.91, for a total transaction of $ 2,015,190.00. The disclosure for this sale can be found here. Over the past ninety days, insiders have sold 39,933 shares of the company worth $ 8,745,055. 0.21% of the shares are owned by corporate insiders.

Visa profile (Get a rating)

Visa Inc operates as a payment technology company worldwide. The company facilitates digital payments between consumers, merchants, financial institutions, businesses, strategic partners and government organizations. It manages VisaNet, a transaction processing network that allows the authorization, clearing and settlement of payment transactions.

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Want to see what other hedge funds hold V? Visit HoldingsChannel.com to receive the latest 13F requests and internal deals for Visa Inc. (NYSE: V – Get rating).

Institutional ownership by quarter for Visa (NYSE: V)



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