Chapman Investment Management LLC Trims Stock Holdings in Visa Inc. (NYSE:V)

Chapman Investment Management LLC lessened its stake in Visa Inc. (NYSE:V) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,329 shares of the credit-card processor’s stock after selling 224 shares during the period. Visa comprises about 5.8% of Chapman Investment Management LLC’s portfolio, making the stock its 6th biggest position. Chapman Investment Management LLC’s holdings in Visa were worth $7,636,000 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. Altshuler Shaham Ltd bought a new stake in shares of Visa in the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa during the 4th quarter valued at about $32,000. Nalls Sherbakoff Group LLC boosted its position in shares of Visa by 545.5% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after purchasing an additional 120 shares in the last quarter. Valued Wealth Advisors LLC bought a new stake in shares of Visa during the 4th quarter valued at about $37,000. Finally, Macroview Investment Management LLC boosted its position in shares of Visa by 1,019.2% during the 3rd quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock valued at $67,000 after purchasing an additional 265 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on V shares. Redburn Atlantic restated a “neutral” rating and set a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. UBS Group upped their price target on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday. William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Wednesday. Susquehanna upped their price target on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Finally, Citigroup upped their price target on Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $302.58.

Visa Stock Performance

V traded down $0.58 during trading hours on Friday, hitting $274.58. The stock had a trading volume of 6,840,359 shares, compared to its average volume of 5,951,953. The stock has a market cap of $504.27 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96. The company has a quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The company’s fifty day simple moving average is $279.24 and its 200 day simple moving average is $264.33. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same period last year, the firm earned $2.09 EPS. Visa’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities analysts anticipate that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a dividend of $0.52 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. Visa’s payout ratio is 23.24%.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lloyd Carney sold 909 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The disclosure for this sale can be found here. Insiders have sold 19,874 shares of company stock valued at $5,506,827 in the last 90 days. 0.19% of the stock is currently owned by company insiders.

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.