Frazier Financial Advisors LLC Trims Stake in Visa Inc. (NYSE:V)

Frazier Financial Advisors LLC trimmed its position in Visa Inc. (NYSE:V) by 9.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 307 shares of the credit-card processor’s stock after selling 33 shares during the quarter. Frazier Financial Advisors LLC’s holdings in Visa were worth $97,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in V. Decker Retirement Planning Inc. purchased a new stake in Visa in the fourth quarter worth about $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Visa in the 4th quarter valued at about $27,000. POM Investment Strategies LLC lifted its position in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 32 shares during the period. Modus Advisors LLC bought a new position in shares of Visa during the fourth quarter valued at approximately $32,000. Finally, Compass Planning Associates Inc purchased a new position in Visa during the fourth quarter valued at approximately $32,000. Institutional investors own 82.15% of the company’s stock.

Analyst Ratings Changes

V has been the subject of a number of analyst reports. Oppenheimer restated an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research report on Friday. Raymond James restated an “outperform” rating and issued a $393.00 price target (up from $374.00) on shares of Visa in a report on Friday, January 31st. Finally, Bank of America boosted their price objective on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $355.84.

Visa Price Performance

Shares of V stock opened at $349.82 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $649.89 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The firm’s 50-day moving average is $343.15 and its two-hundred day moving average is $314.66. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Tuesday, February 11th. Visa’s payout ratio is 23.79%.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business’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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the transaction, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,205 shares of company stock worth $48,560,961. Company insiders own 0.13% of the company’s stock.

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.