Geller Advisors LLC Sells 43 Shares of Visa Inc. (NYSE:V)

Geller Advisors LLC reduced its holdings in Visa Inc. (NYSE:V) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,044 shares of the credit-card processor’s stock after selling 43 shares during the quarter. Visa accounts for about 0.2% of Geller Advisors LLC’s investment portfolio, making the stock its 28th largest position. Geller Advisors LLC’s holdings in Visa were worth $3,490,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Riverstone Advisors LLC bought a new position in shares of Visa during the 4th quarter valued at about $217,000. Blue Rock Wealth Management LLC purchased a new position in shares of Visa during the fourth quarter worth approximately $306,000. Aptus Capital Advisors LLC lifted its holdings in shares of Visa by 19.8% in the 4th quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor’s stock worth $57,727,000 after acquiring an additional 30,185 shares during the last quarter. Journey Strategic Wealth LLC boosted its stake in shares of Visa by 16.4% in the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock valued at $3,058,000 after purchasing an additional 1,361 shares in the last quarter. Finally, King Wealth Management Group grew its holdings in shares of Visa by 9.0% during the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor’s stock valued at $23,663,000 after purchasing an additional 6,172 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In related news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the sale, the insider now directly owns 26,413 shares of the company’s stock, valued at $8,642,333.60. This trade represents a 59.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the sale, the general counsel now owns 11,925 shares of the company’s stock, valued at $4,121,041.50. The trade was a 17.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 121,948 shares of company stock worth $41,548,282. 0.13% of the stock is owned by corporate insiders.

Visa Price Performance

Shares of NYSE V opened at $352.95 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The company has a 50 day simple moving average of $336.98 and a two-hundred day simple moving average of $326.72. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The company has a market capitalization of $655.70 billion, a price-to-earnings ratio of 35.58, a P/E/G ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The business had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter in the previous year, the business earned $2.51 earnings per share. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. Analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa’s dividend payout ratio (DPR) is 23.72%.

Analyst Ratings Changes

V has been the subject of several analyst reports. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Evercore ISI assumed coverage on Visa in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 price target on the stock. The Goldman Sachs Group increased their price objective on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research note on Friday, January 31st. UBS Group decreased their target price on shares of Visa from $400.00 to $395.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Finally, Susquehanna reissued a “positive” rating on shares of Visa in a research report on Friday, March 21st. Seven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $362.38.

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.