Visa Inc. (NYSE:V) Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. cut its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 5.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 364,624 shares of the credit-card processor's stock after selling 22,393 shares during the period. Visa accounts for about 1.2% of Johnson Investment Counsel Inc.'s holdings, making the stock its 18th biggest position. Johnson Investment Counsel Inc.'s holdings in Visa were worth $127,786,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Hirtle Callaghan & Co LLC boosted its holdings in shares of Visa by 1.3% during the 4th quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock valued at $724,000 after acquiring an additional 29 shares in the last quarter. FWL Investment Management LLC lifted its holdings in Visa by 0.5% during the 4th quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock worth $2,005,000 after buying an additional 29 shares during the period. Valmark Advisers Inc. lifted its holdings in Visa by 0.4% during the 4th quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor's stock worth $2,292,000 after buying an additional 30 shares during the period. Strategic Family Wealth Counselors L.L.C. lifted its holdings in Visa by 0.4% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor's stock worth $2,302,000 after buying an additional 30 shares during the period. Finally, Capstone Financial Advisors Inc. lifted its holdings in Visa by 3.6% during the 4th quarter. Capstone Financial Advisors Inc. now owns 872 shares of the credit-card processor's stock worth $276,000 after buying an additional 30 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Down 0.7%

Shares of V traded down $2.34 during mid-day trading on Friday, hitting $338.04. The company's stock had a trading volume of 19,326,861 shares, compared to its average volume of 7,073,546. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $623.73 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 2.29 and a beta of 0.94. The company's 50-day moving average is $351.69 and its 200-day moving average is $338.37. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $375.51.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The firm had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the prior year, the business earned $2.51 earnings per share. The business's quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.70%. Visa's dividend payout ratio is presently 23.72%.

Analysts Set New Price Targets

Several research analysts have commented on V shares. The Goldman Sachs Group started coverage on Visa in a report on Monday, June 2nd. They set a "neutral" rating on the stock. Truist Financial assumed coverage on Visa in a research report on Monday, June 2nd. They issued a "buy" rating and a $400.00 price objective for the company. William Blair reissued an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Barclays reaffirmed an "overweight" rating on shares of Visa in a research report on Friday, June 13th. Finally, Macquarie cut their price target on Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $372.80.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $2,978,899.60. Following the sale, the chief executive officer now directly owns 537 shares of the company's stock, valued at approximately $185,576.46. This represents a 94.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Paul D. Fabara sold 11,636 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the transaction, the insider now owns 26,413 shares of the company's stock, valued at approximately $9,904,875. The trade was a 30.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,098 shares of company stock worth $36,738,526 in the last ninety days. 0.13% of the stock is owned by insiders.

Visa 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.