Kimelman & Baird LLC Sells 1,039 Shares of Visa Inc. (NYSE:V)

Kimelman & Baird LLC reduced its stake in Visa Inc. (NYSE:V) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,791 shares of the credit-card processor’s stock after selling 1,039 shares during the period. Visa accounts for 2.7% of Kimelman & Baird LLC’s holdings, making the stock its 16th biggest holding. Kimelman & Baird LLC’s holdings in Visa were worth $34,382,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Swedbank AB increased its stake in Visa by 10.7% during the 3rd quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor’s stock valued at $566,153,000 after purchasing an additional 199,440 shares in the last quarter. Howard Capital Management Group LLC boosted its holdings in Visa by 0.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock worth $29,242,000 after acquiring an additional 610 shares during the last quarter. Pettinga Financial Advisors LLC purchased a new position in Visa during the 3rd quarter worth $228,000. Principal Financial Group Inc. boosted its holdings in Visa by 7.7% during the 3rd quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor’s stock worth $1,576,366,000 after acquiring an additional 411,210 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Visa during the 3rd quarter worth $660,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Up 1.0 %

Shares of V opened at $331.72 on Monday. The business’s 50-day moving average price is $337.96 and its 200-day moving average price is $311.19. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The stock has a market cap of $616.26 billion, a PE ratio of 33.44, a P/E/G ratio of 2.33 and a beta of 0.95. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating 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%. On average, equities analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s payout ratio is 23.79%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on V shares. JPMorgan Chase & Co. lifted their price objective on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Morgan Stanley lifted their price objective on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Friday, January 31st. Susquehanna lifted their price objective on shares of Visa from $395.00 to $410.00 and gave the stock a “positive” rating in a report on Friday, February 21st. Finally, Citigroup reissued a “neutral” rating on shares of Visa in a report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $353.96.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at approximately $8,642,333.60. This represents a 59.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,855 shares of company stock valued at $35,165,827. Insiders own 0.13% of the company’s stock.

Visa Company 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.