Canton Hathaway LLC Sells 625 Shares of Visa Inc. (NYSE:V)

Canton Hathaway LLC reduced its stake in Visa Inc. (NYSE:V) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,891 shares of the credit-card processor’s stock after selling 625 shares during the period. Visa makes up 0.9% of Canton Hathaway LLC’s portfolio, making the stock its 18th biggest position. Canton Hathaway LLC’s holdings in Visa were worth $2,835,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of V. Hibernia Wealth Partners LLC bought a new stake in shares of Visa in the 3rd quarter worth $25,000. Altshuler Shaham Ltd bought a new position in shares of Visa during the third quarter valued at $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of Visa during the fourth quarter valued at $32,000. Financial Freedom LLC bought a new stake in Visa in the 4th quarter worth about $32,000. Finally, Nalls Sherbakoff Group LLC raised its position in Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after buying an additional 120 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

V has been the subject of a number of research analyst reports. Raymond James lifted their price target on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Mizuho restated a “neutral” rating and issued a $265.00 target price on shares of Visa in a report on Wednesday, March 27th. Citigroup boosted their target price on shares of Visa from $296.00 to $306.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Monness Crespi & Hardt began coverage on Visa in a report on Wednesday, December 20th. They set a “neutral” rating on the stock. Finally, Barclays lifted their price objective on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $296.87.

Insiders Place Their Bets

In other news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the sale, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders have sold a total of 55,511 shares of company stock worth $15,131,081 in the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

Visa Stock Up 0.0 %

V opened at $271.34 on Wednesday. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market cap of $498.32 billion, a price-to-earnings ratio of 31.22, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96. The firm’s fifty day moving average is $279.93 and its 200 day moving average is $262.49.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. During the same period in the previous year, the business earned $2.18 earnings per share. The business’s revenue was up 9.3% on a year-over-year basis. On average, sell-side analysts forecast that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were issued a $0.52 dividend. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. Visa’s dividend payout ratio is currently 23.94%.

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.