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Koshinski Asset Management Inc. cut its position in Visa Inc. (NYSE:V – Get Rating) by 0.8% in the first quarter, HoldingsChannel.com reports. The firm owned 11,145 shares of the credit-card processor’s stock after selling 94 shares during the period. Koshinski Asset Management Inc.’s holdings in Visa were worth $2,472,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in V. Capital Advisors Wealth Management LLC increased its position in shares of 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 purchasing an additional 45 shares in the last quarter. Corbett Road Capital Management LLC grew its stake in 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 buying an additional 45 shares during the last quarter. IVC Wealth Advisors LLC grew its stake in 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 buying an additional 46 shares during the last quarter. Financial Consulate Inc. increased its position in Visa by 1.0% during the 4th quarter. Financial Consulate Inc. now owns 4,851 shares of the credit-card processor’s stock valued at $1,051,000 after buying an additional 46 shares in the last quarter. Finally, Tranquilli Financial Advisor LLC raised its stake in Visa 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 during the last quarter. Institutional investors and hedge funds own 80.77% of the company’s stock.
Several equities analysts have recently issued reports on V shares. Citigroup cut their price objective on shares of Visa from $285.00 to $265.00 in a report on Monday, April 25th. Evercore ISI boosted their target price on shares of Visa from $304.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 27th. Truist Financial decreased their price target on shares of Visa from $275.00 to $250.00 in a report on Thursday. Cowen dropped their price objective on shares of Visa from $276.00 to $254.00 and set an “outperform” rating on the stock in a report on Wednesday, April 27th. Finally, Cowen cut their target price on Visa from $276.00 to $254.00 in a research report on Wednesday, April 27th. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $266.24.
In other news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the firm’s stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of $195.37, for a total transaction of $1,758,330.00. Following the sale, the chief executive officer now directly owns 159,887 shares in the company, valued at approximately $31,237,123.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have sold 27,000 shares of company stock worth $5,619,330. Corporate insiders own 0.21% of the company’s stock.
Visa stock opened at $199.18 on Friday. The firm has a market cap of $378.70 billion, a PE ratio of 31.32, a P/E/G ratio of 1.75 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 stock’s 50 day simple moving average is $203.19 and its two-hundred day simple moving average is $211.78. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53.
Visa (NYSE:V – Get Rating) last posted its earnings results on Tuesday, April 26th. The credit-card processor reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.14. The firm had revenue of $7.19 billion during the quarter, compared to analysts’ expectations of $6.82 billion. Visa had a net margin of 51.10% and a return on equity of 42.89%. The business’s 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 EPS. On average, equities research analysts forecast that Visa Inc. will post 7.16 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 1st. Shareholders of record on Friday, May 13th were given a $0.375 dividend. The ex-dividend date of this dividend was Thursday, May 12th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.75%. Visa’s dividend payout ratio (DPR) is currently 23.58%.
Visa Profile (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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