Raab & Moskowitz Asset Management LLC Sells 234 Shares of Visa Inc. (NYSE:V)

Raab & Moskowitz Asset Management LLC lessened its stake in shares of Visa Inc. (NYSE:V) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 10,296 shares of the credit-card processor’s stock after selling 234 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Visa were worth $2,681,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Altshuler Shaham Ltd bought a new stake in Visa in the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new stake in Visa in the fourth quarter valued at approximately $32,000. Valued Wealth Advisors LLC bought a new stake in Visa in the fourth quarter valued at approximately $37,000. Macroview Investment Management LLC raised its stake in Visa by 1,019.2% in the third quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock valued at $67,000 after buying an additional 265 shares during the period. Finally, Life Planning Partners Inc bought a new stake in Visa in the fourth quarter valued at approximately $71,000. Institutional investors own 82.15% of the company’s stock.

Visa Trading Down 0.2 %

NYSE:V traded down $0.64 during trading hours on Friday, hitting $274.52. 6,840,615 shares of the company were exchanged, compared to its average volume of 6,528,673. The stock has a market capitalization of $504.16 billion, a price-to-earnings ratio of 30.67, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. The company has a current ratio of 1.40, a quick ratio of 1.45 and a debt-to-equity ratio of 0.53. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The company has a fifty day simple moving average of $279.24 and a 200 day simple moving average of $264.33.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same period last year, the company earned $2.09 EPS. Visa’s revenue for the quarter was up 9.9% compared to the same quarter last year. Sell-side analysts expect that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on V shares. Citigroup increased their target price on Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a research note on Wednesday. KeyCorp increased their target price on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, January 8th. Susquehanna increased their target price on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Raymond James increased their target price on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Finally, TD Cowen started coverage on Visa in a research note on Thursday, April 11th. They set a “buy” rating and a $320.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, Visa has an average rating of “Moderate Buy” and an average price target of $302.58.

Insider Transactions at Visa

In other news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $713,950.05. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lloyd Carney sold 909 shares of the business’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 value of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,874 shares of company stock valued at $5,506,827. Corporate insiders own 0.19% of the company’s stock.

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.