JT Stratford LLC Sells 7,241 Shares of Visa Inc. (NYSE:V)

JT Stratford LLC cut its stake in Visa Inc. (NYSE:V - Free Report) by 70.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,040 shares of the credit-card processor's stock after selling 7,241 shares during the period. JT Stratford LLC's holdings in Visa were worth $961,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of V. Mosaic Family Wealth Partners LLC boosted its position in shares of Visa by 21.1% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,844 shares of the credit-card processor's stock worth $583,000 after acquiring an additional 321 shares in the last quarter. RB Capital Management LLC lifted its stake in Visa by 0.3% during the fourth quarter. RB Capital Management LLC now owns 26,313 shares of the credit-card processor's stock worth $8,316,000 after purchasing an additional 87 shares during the last quarter. Pinnacle Financial Group LLC IL acquired a new stake in shares of Visa in the 4th quarter valued at $215,000. Harmony Asset Management LLC increased its stake in shares of Visa by 0.7% in the 4th quarter. Harmony Asset Management LLC now owns 19,743 shares of the credit-card processor's stock valued at $6,240,000 after purchasing an additional 128 shares during the last quarter. Finally, 49 Wealth Management LLC raised its holdings in shares of Visa by 1.7% during the 4th quarter. 49 Wealth Management LLC now owns 3,582 shares of the credit-card processor's stock worth $1,132,000 after buying an additional 61 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the sale, the insider now directly owns 26,413 shares of the company's stock, valued at approximately $8,991,249.33. The trade was a 59.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the transaction, the chief executive officer now directly owns 537 shares in the company, valued at $194,931. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 121,948 shares of company stock valued at $41,548,282 in the last ninety days. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

V has been the topic of several research analyst reports. Susquehanna reaffirmed a "positive" rating on shares of Visa in a research note on Friday, March 21st. Macquarie dropped their target price on shares of Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Wells Fargo & Company upped their price objective on shares of Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Finally, Oppenheimer restated an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $362.38.

Visa Stock Down 0.1%

Visa stock opened at $357.90 on Friday. The firm has a market cap of $660.38 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 2.33 and a beta of 0.96. Visa Inc. has a 52-week low of $252.70 and a 52-week 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 firm has a 50 day moving average price of $341.07 and a two-hundred day moving average price of $331.33.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. Visa's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.51 earnings per share. Equities analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Tuesday, May 13th. Visa's dividend payout ratio (DPR) is presently 23.72%.

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.

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