WD Rutherford LLC Sells 497 Shares of Visa Inc. $V

WD Rutherford LLC trimmed its position in Visa Inc. (NYSE:V) by 3.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 15,002 shares of the credit-card processor’s stock after selling 497 shares during the period. Visa accounts for about 2.4% of WD Rutherford LLC’s portfolio, making the stock its 10th largest position. WD Rutherford LLC’s holdings in Visa were worth $5,326,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Worth Financial Advisory Group LLC boosted its holdings in Visa by 4.0% in the 2nd quarter. Worth Financial Advisory Group LLC now owns 4,482 shares of the credit-card processor’s stock valued at $1,591,000 after purchasing an additional 174 shares during the last quarter. Willow Creek Wealth Management Inc. boosted its holdings in Visa by 1.0% in the 2nd quarter. Willow Creek Wealth Management Inc. now owns 4,767 shares of the credit-card processor’s stock valued at $1,693,000 after purchasing an additional 49 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in Visa by 11.3% in the 2nd quarter. Avior Wealth Management LLC now owns 13,404 shares of the credit-card processor’s stock valued at $4,759,000 after purchasing an additional 1,361 shares during the last quarter. XY Planning Network Inc. boosted its holdings in Visa by 70.1% in the 2nd quarter. XY Planning Network Inc. now owns 1,395 shares of the credit-card processor’s stock valued at $495,000 after purchasing an additional 575 shares during the last quarter. Finally, KWB Wealth boosted its holdings in Visa by 1.3% in the 2nd quarter. KWB Wealth now owns 3,584 shares of the credit-card processor’s stock valued at $1,256,000 after purchasing an additional 46 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $344.02, for a total value of $697,328.54. Following the sale, the general counsel directly owned 11,925 shares of the company’s stock, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.13% of the company’s stock.

Visa Price Performance

Shares of V opened at $340.27 on Tuesday. Visa Inc. has a fifty-two week low of $273.20 and a fifty-two week high of $375.51. The firm’s 50 day moving average price is $344.44 and its 200 day moving average price is $346.54. The company has a market cap of $623.64 billion, a P/E ratio of 33.23, a PEG ratio of 2.24 and a beta of 0.92. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52.

Visa (NYSE:V) last announced its 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 net margin of 52.16% and a return on equity of 58.93%. The firm had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. During the same period in the prior year, the firm earned $2.42 EPS. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Visa’s dividend payout ratio is currently 23.05%.

Analysts Set New Price Targets

Several equities analysts have recently commented on V shares. Raymond James Financial restated an “outperform” rating on shares of Visa in a report on Wednesday, July 30th. Erste Group Bank lowered shares of Visa from a “buy” rating to a “hold” rating in a report on Monday, September 22nd. UBS Group restated a “buy” rating and issued a $415.00 price objective (up from $405.00) on shares of Visa in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft started coverage on shares of Visa in a report on Thursday, July 17th. They issued a “buy” rating and a $410.00 price objective on the stock. Finally, Barclays restated an “overweight” rating and issued a $408.00 price objective (up from $396.00) on shares of Visa in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $385.96.

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.