Avestar Capital LLC Sells 214 Shares of Visa Inc. (NYSE:V)

Avestar Capital LLC lowered its stake in Visa Inc. (NYSE:V) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,234 shares of the credit-card processor’s stock after selling 214 shares during the period. Avestar Capital LLC’s holdings in Visa were worth $4,815,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. MGB Wealth Management LLC increased its stake in shares of Visa by 5.6% in the fourth quarter. MGB Wealth Management LLC now owns 5,774 shares of the credit-card processor’s stock worth $1,824,000 after buying an additional 305 shares during the period. Hemington Wealth Management increased its position in shares of Visa by 5.6% in the fourth quarter. Hemington Wealth Management now owns 2,252 shares of the credit-card processor’s stock valued at $711,000 after acquiring an additional 119 shares during the period. Park Capital Management LLC WI bought a new position in shares of Visa during the fourth quarter valued at about $559,000. Raab & Moskowitz Asset Management LLC boosted its holdings in shares of Visa by 3.9% during the fourth quarter. Raab & Moskowitz Asset Management LLC now owns 10,703 shares of the credit-card processor’s stock worth $3,383,000 after purchasing an additional 399 shares during the period. Finally, Warren Street Wealth Advisors LLC grew its stake in shares of Visa by 9.1% in the fourth quarter. Warren Street Wealth Advisors LLC now owns 2,398 shares of the credit-card processor’s stock worth $758,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Price Performance

NYSE V opened at $353.73 on Friday. Visa Inc. has a one year low of $252.70 and a one year high of $356.08. The stock has a 50-day moving average of $325.14 and a 200 day moving average of $298.94. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12. The company has a market capitalization of $657.15 billion, a price-to-earnings ratio of 35.66, a PEG ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, sell-side analysts forecast that Visa Inc. will post 11.27 EPS for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. Visa’s dividend payout ratio (DPR) is currently 23.79%.

Analyst Ratings Changes

V has been the subject of several research analyst reports. BMO Capital Markets increased their price objective on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Oppenheimer boosted their price objective on shares of Visa from $375.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Bank of America raised their target price on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Wells Fargo & Company boosted their price target on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group lifted their price objective on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $354.73.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Insiders sold 58,056 shares of company stock valued at $19,830,050 over the last 90 days. Company insiders own 0.13% 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.