Stonnington Group LLC lessened its position in shares of Visa Inc. (NYSE: V – Get Rating) by 1.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,542 shares of the credit-card processor’s stock after selling 206 shares during the period. Stonnington Group LLC’s holdings in Visa were worth $ 2,264,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. Capital Advisors Wealth Management LLC increased its position in Visa by 0.4% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 10,563 shares of the credit-card processor’s stock worth $ 2,289,000 after acquiring an additional 45 shares during the period. Corbett Road Capital Management LLC grew its position in shares of Visa by 3.1% during the 4th quarter. Corbett Road Capital Management LLC now owns 1,486 shares of the credit-card processor’s stock worth $ 322,000 after purchasing an additional 45 shares in the last quarter. IVC Wealth Advisors LLC grew its position in shares of Visa by 0.8% during the 4th quarter. IVC Wealth Advisors LLC now owns 5,757 shares of the credit-card processor’s stock worth $ 1,248,000 after purchasing an additional 46 shares in the last quarter. Financial Consulate Inc. increased its holdings in shares of Visa by 1.0% during the fourth quarter. Financial Consulate Inc. now owns 4,851 shares of the credit-card processor’s stock worth $ 1,051,000 after purchasing an additional 46 shares during the period. Finally, Tranquilli Financial Advisor LLC raised its position in Visa shares by 3.1% in the fourth quarter. Tranquilli Financial Advisor LLC now owns 1,537 shares of the credit-card processor’s stock valued at $ 333,000 after buying an additional 46 shares in the last quarter. 80.77% of the stock is currently owned by institutional investors.
In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company stock in a transaction that occurred on Thursday, March 31st. The stock was sold at an average price of $ 223.91, for a total value of $ 2,015,190.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Ryan Mcinerney sold 6,466 shares of the firm’s stock in a transaction that occurred on Monday, March 28th. The stock was sold at an average price of $ 220.00, for a total transaction of $ 1,422,520.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,933 shares of company stock valued at $ 8,745,055. Corporate insiders own 0.21% of the company stock.
Several brokerages have weighed in on V. Cowen dropped their price objective on Visa from $ 276.00 to $ 254.00 and set an “outperform” rating for the company in a report on Wednesday, April 27th. Morgan Stanley boosted their price target on Visa from $ 279.00 to $ 284.00 in a research note on Wednesday, April 27th. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research report on Thursday, April 28th. Piper Sandler lowered shares of Visa from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $ 283.00 to $ 239.00 in a report on Friday, April 29th. Finally, Barclays cut their price target on Visa shares from $ 265.00 to $ 260.00 and set an “overweight” rating for the company in a report on Monday, April 4th. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $ 267.44.
Shares of V opened at $ 196.64 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The stock has a market cap of $ 373.87 billion, a PE ratio of 30.92, a PEG ratio of 1.65 and a beta of 0.90. Visa Inc. has a 12-month low of $ 185.91 and a 12-month high of $ 252.67. The business has a 50-day simple moving average of $ 204.82 and a two-hundred day simple moving average of $ 212.19.
Visa (NYSE: V – Get Rating) last released its quarterly earnings results on Tuesday, April 26th. The credit-card processor reported $ 1.79 earnings per share for the quarter, topping the estimate consensus of $ 1.65 by $ 0.14. The company had revenue of $ 7.19 billion for the quarter, compared to analysts’ expectations of $ 6.82 billion. Visa had a return on equity of 42.89% and a net margin of 51.10%. The business’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same period in the previous year, the business posted $ 1.38 earnings per share. On average, equities research analysts expect that Visa Inc. will post 7.16 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 1st. Shareholders of record on Friday, May 13th were issued a dividend of $ 0.375 per share. This represents a $ 1.50 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Thursday, May 12th. Visa’s payout ratio is 23.58%.
About Visa: (Get Rating)
Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.
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