Tiemann Investment Advisors LLC Sells 80 Shares of Visa Inc. $V

Tiemann Investment Advisors LLC trimmed its position in Visa Inc. (NYSE:V) by 1.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,809 shares of the credit-card processor’s stock after selling 80 shares during the period. Visa comprises 0.8% of Tiemann Investment Advisors LLC’s portfolio, making the stock its 27th biggest holding. Tiemann Investment Advisors LLC’s holdings in Visa were worth $1,686,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Keystone Global Partners LLC bought a new stake in Visa during the first quarter valued at approximately $26,000. von Borstel & Associates Inc. purchased a new position in shares of Visa during the 1st quarter worth $27,000. Measured Risk Portfolios Inc. bought a new stake in shares of Visa during the 4th quarter valued at $47,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa during the 1st quarter valued at $54,000. Finally, Global X Japan Co. Ltd. purchased a new stake in shares of Visa in the 1st quarter worth $56,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Up 0.4%

Shares of V opened at $343.99 on Thursday. The business’s 50 day moving average is $348.54 and its 200 day moving average is $347.39. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. Visa Inc. has a 12-month low of $265.31 and a 12-month high of $375.51. The company has a market capitalization of $630.46 billion, a PE ratio of 33.59, a price-to-earnings-growth ratio of 2.28 and a beta of 0.94.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%.The business had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. During the same period in the prior year, the company posted $2.42 EPS. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. Research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 12th. Visa’s dividend payout ratio (DPR) is presently 23.05%.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total value of $4,363,500.00. Following the sale, the insider directly owned 26,413 shares of the company’s stock, valued at approximately $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of the business’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the sale, the chief executive officer owned 537 shares in the company, valued at $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,127 shares of company stock worth $28,340,553. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on V shares. Oppenheimer upped their price target on Visa from $390.00 to $391.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. Macquarie boosted their price objective on Visa from $380.00 to $425.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Morgan Stanley increased their target price on shares of Visa from $386.00 to $402.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Jefferies Financial Group raised their target price on shares of Visa from $400.00 to $410.00 and gave the stock a “buy” rating in a research note on Tuesday, May 27th. Finally, Mizuho upgraded shares of Visa from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $359.00 to $425.00 in a research report on Thursday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $380.84.

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.