Visa Inc. (NYSE:V) is Douglas Lane & Associates LLC's 6th Largest Position

Douglas Lane & Associates LLC lowered its stake in shares of Visa Inc. (NYSE:V - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 397,010 shares of the credit-card processor's stock after selling 5,803 shares during the period. Visa accounts for about 2.1% of Douglas Lane & Associates LLC's investment portfolio, making the stock its 6th largest position. Douglas Lane & Associates LLC's holdings in Visa were worth $139,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Visa during the fourth quarter worth $5,171,271,000. GAMMA Investing LLC boosted its stake in Visa by 38,416.3% during the first quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor's stock worth $5,173,271,000 after buying an additional 14,723,050 shares during the period. Vanguard Group Inc. boosted its stake in Visa by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after buying an additional 7,079,706 shares during the period. Raymond James Financial Inc. purchased a new position in Visa during the fourth quarter worth $1,955,403,000. Finally, Proficio Capital Partners LLC boosted its stake in shares of Visa by 17,018.7% during the fourth quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock valued at $1,248,079,000 after purchasing an additional 3,926,049 shares during the period. Institutional investors own 82.15% of the company's stock.

Insider Activity at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the transaction, the general counsel now directly owns 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the sale, the insider now directly owns 26,413 shares of the company's stock, valued at $8,642,333.60. The trade was a 59.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 113,328 shares of company stock worth $38,419,222. Company insiders own 0.13% of the company's stock.

Visa Trading Up 0.2%

Shares of NYSE V traded up $0.80 during trading on Tuesday, hitting $366.12. 5,221,297 shares of the company were exchanged, compared to its average volume of 7,005,162. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $369.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The company has a fifty day moving average price of $343.82 and a 200-day moving average price of $334.27. The firm has a market capitalization of $675.56 billion, a PE ratio of 36.91, a P/E/G ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The business had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the previous year, the firm earned $2.51 EPS. The company's quarterly revenue was up 9.3% compared to the same quarter last year. As a group, equities research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.64%. Visa's dividend payout ratio (DPR) is currently 23.72%.

Analyst Ratings Changes

Several research firms recently weighed in on V. Macquarie decreased their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. The Goldman Sachs Group began coverage on shares of Visa in a report on Monday. They issued a "neutral" rating for the company. Oppenheimer reiterated an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Susquehanna reiterated a "positive" rating on shares of Visa in a report on Friday, March 21st. Finally, UBS Group boosted their target price on shares of Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a report on Wednesday, May 28th. Six analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $367.48.

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.