Cape ANN Savings Bank Reduces Position in Visa Inc. (NYSE:V)

Cape ANN Savings Bank trimmed its holdings in shares of Visa Inc. (NYSE:V) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,827 shares of the credit-card processor’s stock after selling 320 shares during the quarter. Visa accounts for about 1.3% of Cape ANN Savings Bank’s investment portfolio, making the stock its 19th biggest position. Cape ANN Savings Bank’s holdings in Visa were worth $2,158,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Decker Retirement Planning Inc. bought a new stake in Visa in the fourth quarter valued at about $26,000. Peterson Financial Group Inc. bought a new stake in Visa in the third quarter valued at about $26,000. POM Investment Strategies LLC increased its holdings in Visa by 48.5% in 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 bought a new stake in Visa in the fourth quarter valued at about $32,000. Finally, Compass Planning Associates Inc bought a new position in shares of Visa during the fourth quarter valued at approximately $32,000. 82.15% of the stock is owned by institutional investors.

Visa Stock Performance

V opened at $352.00 on Wednesday. The company has a market capitalization of $653.93 billion, a price-to-earnings ratio of 35.48, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $357.15. The business has a 50 day moving average price of $330.49 and a two-hundred day moving average price of $303.94.

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

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date 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 presently 23.79%.

Insider Activity

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares of the company’s stock, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now directly owns 4,488 shares in the company, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,885 shares of company stock worth $19,161,447. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on V shares. Barclays upped their target price on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Oppenheimer reaffirmed an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Citigroup reaffirmed a “neutral” rating on shares of Visa in a report on Thursday, February 13th. Mizuho upped their target price on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $353.96.

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.