Visa Inc. (NYSE:V) Shares Sold by Richard C. Young & CO. LTD.

Richard C. Young & CO. LTD. cut its stake in Visa Inc. (NYSE:V) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,206 shares of the credit-card processor’s stock after selling 622 shares during the quarter. Visa accounts for about 3.0% of Richard C. Young & CO. LTD.’s portfolio, making the stock its 4th biggest position. Richard C. Young & CO. LTD.’s holdings in Visa were worth $27,561,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of V. Birch Hill Investment Advisors LLC increased its stake in Visa by 58.2% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 8,794 shares of the credit-card processor’s stock valued at $2,779,000 after buying an additional 3,235 shares during the last quarter. AlphaStar Capital Management LLC grew its holdings in shares of Visa by 11.2% in the fourth quarter. AlphaStar Capital Management LLC now owns 14,241 shares of the credit-card processor’s stock valued at $4,501,000 after acquiring an additional 1,439 shares in the last quarter. Empowered Funds LLC increased its position in shares of Visa by 12.0% during the fourth quarter. Empowered Funds LLC now owns 81,263 shares of the credit-card processor’s stock valued at $25,682,000 after acquiring an additional 8,692 shares during the last quarter. Hobart Private Capital LLC lifted its holdings in Visa by 46.0% during the fourth quarter. Hobart Private Capital LLC now owns 1,126 shares of the credit-card processor’s stock worth $356,000 after acquiring an additional 355 shares during the period. Finally, Pacific Wealth Strategies Group Inc. boosted its position in Visa by 1.1% in the fourth quarter. Pacific Wealth Strategies Group Inc. now owns 5,004 shares of the credit-card processor’s stock worth $1,582,000 after purchasing an additional 52 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the 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 transaction, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,056 shares of company stock valued at $19,830,050. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on V shares. Oppenheimer lifted their target price on Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. UBS Group boosted their target price on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Barclays raised their price target on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Susquehanna upped their price objective on Visa from $375.00 to $395.00 and gave the company a “positive” rating in a research note on Friday, January 31st. Finally, BMO Capital Markets raised their target price on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $354.73.

Visa Price Performance

Shares of NYSE V opened at $351.26 on Tuesday. The stock’s 50-day simple moving average is $321.08 and its two-hundred day simple moving average is $296.19. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $351.90. The firm has a market capitalization of $652.56 billion, a P/E ratio of 35.41, a P/E/G ratio of 2.32 and a beta of 0.97. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

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

Visa Announces Dividend

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. 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 (DPR) is currently 23.79%.

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.