Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 4,507 Shares of Visa Inc. (NYSE:V)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its stake in Visa Inc. (NYSE:V) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 572,070 shares of the credit-card processor’s stock after selling 4,507 shares during the period. Visa accounts for 1.7% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings, making the stock its 20th biggest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Visa were worth $191,380,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. grew its position in Visa by 26.9% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,190 shares of the credit-card processor’s stock valued at $603,000 after buying an additional 464 shares during the period. CX Institutional grew its position in Visa by 22.4% during the third quarter. CX Institutional now owns 52,998 shares of the credit-card processor’s stock valued at $14,572,000 after buying an additional 9,705 shares during the period. Wesbanco Bank Inc. grew its position in Visa by 1.4% during the third quarter. Wesbanco Bank Inc. now owns 8,367 shares of the credit-card processor’s stock valued at $2,301,000 after buying an additional 114 shares during the period. Creative Planning grew its position in Visa by 2.4% during the third quarter. Creative Planning now owns 566,729 shares of the credit-card processor’s stock valued at $155,822,000 after buying an additional 13,318 shares during the period. Finally, Iams Wealth Management LLC grew its position in Visa by 28.4% during the third quarter. Iams Wealth Management LLC now owns 1,475 shares of the credit-card processor’s stock valued at $406,000 after buying an additional 326 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Visa Trading Down 0.1 %

Shares of V opened at $350.88 on Wednesday. The company’s fifty day moving average is $321.77 and its 200 day moving average is $296.88. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $352.12. The stock has a market capitalization of $651.85 billion, a PE ratio of 35.37, a P/E/G ratio of 2.32 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12.

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, 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%. Sell-side analysts expect that Visa Inc. will post 11.27 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is 23.79%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on V. Raymond James restated an “outperform” rating and set a $393.00 target price (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Jefferies Financial Group boosted their target price on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Oppenheimer lifted their price target on shares of Visa from $375.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $383.00 price target (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $354.73.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 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 position. The disclosure for this sale can be found here. Insiders have sold 58,056 shares of company stock worth $19,830,050 over the last quarter. 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.