KLCM Advisors Inc. Sells 1,248 Shares of Visa Inc. (NYSE:V)

KLCM Advisors Inc. lowered its position in shares of Visa Inc. (NYSE:V) by 25.5% during the fourth quarter, HoldingsChannel reports. The fund owned 3,651 shares of the credit-card processor’s stock after selling 1,248 shares during the quarter. KLCM Advisors Inc.’s holdings in Visa were worth $951,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of V. Investment Advisory Services Inc. TX ADV grew its position in shares of Visa by 2.0% in the 3rd quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock valued at $904,000 after buying an additional 78 shares during the last quarter. Towerpoint Wealth LLC bought a new stake in shares of Visa in the 4th quarter valued at about $216,000. Wayfinding Financial LLC grew its position in shares of Visa by 10.1% in the 3rd quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock valued at $406,000 after buying an additional 161 shares during the last quarter. Richelieu Gestion SA bought a new stake in shares of Visa in the 4th quarter valued at about $307,000. Finally, Cooper Financial Group lifted its stake in shares of Visa by 6.4% in the 4th quarter. Cooper Financial Group now owns 7,926 shares of the credit-card processor’s stock valued at $2,064,000 after purchasing an additional 476 shares during the period. Institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

V has been the topic of a number of recent analyst reports. Wedbush boosted their price objective on Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Redburn Atlantic reissued a “neutral” rating and issued a $307.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Mizuho reissued a “neutral” rating and issued a $265.00 price objective on shares of Visa in a research note on Wednesday, March 27th. UBS Group boosted their price objective on Visa from $305.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Finally, Wells Fargo & Company boosted their price objective on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Five 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 has a consensus rating of “Moderate Buy” and a consensus target price of $298.43.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders sold a total of 18,965 shares of company stock valued at $5,256,352 over the last three months. Corporate insiders own 0.19% of the company’s stock.

Visa Stock Performance

V stock opened at $271.37 on Friday. The firm has a market cap of $498.37 billion, a PE ratio of 31.23, a P/E/G ratio of 1.88 and a beta of 0.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average of $279.71 and a 200-day moving average of $262.62. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96.

Visa (NYSE:V) last released its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.07. The company had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. Visa’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.18 earnings per share. As a group, sell-side analysts expect that Visa Inc. will post 9.88 earnings per share for the current year.

Visa Announces Dividend

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

About Visa

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.