AMS Capital Ltda Sells 11,760 Shares of Visa Inc. (NYSE:V)

AMS Capital Ltda cut its stake in shares of Visa Inc. (NYSE:V) by 28.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,176 shares of the credit-card processor’s stock after selling 11,760 shares during the quarter. Visa makes up approximately 4.6% of AMS Capital Ltda’s portfolio, making the stock its 7th biggest position. AMS Capital Ltda’s holdings in Visa were worth $9,221,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of V. Decker Retirement Planning Inc. bought a new stake in Visa in the fourth quarter worth approximately $26,000. Peterson Financial Group Inc. acquired a new stake in Visa in the third quarter valued at approximately $26,000. POM Investment Strategies LLC boosted its position in shares of Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after buying an additional 32 shares during the last quarter. Modus Advisors LLC purchased a new position in shares of Visa during the fourth quarter valued at approximately $32,000. Finally, Reston Wealth Management LLC purchased a new position in shares of Visa during the third quarter valued at approximately $31,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the transaction, the general counsel now owns 11,925 shares of the company’s stock, valued at $4,054,500. This trade represents a 17.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,056 shares of company stock valued at $19,830,050. Corporate insiders own 0.13% of the company’s stock.

Visa Trading Down 0.5 %

V opened at $353.73 on Monday. Visa Inc. has a one year low of $252.70 and a one year high of $356.08. The firm 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. The business has a 50 day simple moving average of $325.14 and a two-hundred day simple moving average of $299.19. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Analysts predict that Visa Inc. will post 11.27 EPS for the current year.

Visa Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on V shares. Wells Fargo & Company boosted their price objective on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. The Goldman Sachs Group boosted their target price on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods boosted their price objective on Visa from $360.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Morgan Stanley boosted their price objective on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, Susquehanna upped their target price on Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $354.73.

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.