Nichols & Pratt Advisers LLP MA Sells 1,355 Shares of Visa Inc. (NYSE:V)

Nichols & Pratt Advisers LLP MA trimmed its holdings in Visa Inc. (NYSE:V - Free Report) by 15.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,407 shares of the credit-card processor's stock after selling 1,355 shares during the quarter. Nichols & Pratt Advisers LLP MA's holdings in Visa were worth $2,596,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of V. Sovereign Investment Advisors LLC acquired a new position in shares of Visa during the fourth quarter worth approximately $424,000. Brighton Jones LLC grew its stake in shares of Visa by 50.1% during the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock worth $6,522,000 after acquiring an additional 6,883 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of Visa by 68.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock worth $3,733,000 after acquiring an additional 4,817 shares during the period. Leverage Partners Absolute Return Fund SPC purchased a new stake in Visa during the 4th quarter worth about $204,000. Finally, Bank Pictet & Cie Europe AG raised its holdings in shares of Visa by 2.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 639,608 shares of the credit-card processor's stock valued at $202,142,000 after acquiring an additional 14,367 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Performance

Shares of V traded up $2.33 during midday trading on Wednesday, reaching $356.88. 2,626,425 shares of the stock were exchanged, compared to its average volume of 6,821,911. The company has a market capitalization of $658.50 billion, a price-to-earnings ratio of 35.87, a PEG ratio of 2.42 and a beta of 0.92. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51. The business's 50-day moving average price is $356.43 and its 200 day moving average price is $342.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. Visa's revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.51 EPS. On average, sell-side analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business 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 was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. Visa's dividend payout ratio is presently 23.72%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on V. Truist Financial assumed coverage on Visa in a research report on Monday, June 2nd. They set a "buy" rating and a $400.00 price target on the stock. Barclays restated an "overweight" rating on shares of Visa in a research note on Friday, June 13th. Citigroup initiated coverage on Visa in a report on Monday, June 2nd. They set a "buy" rating for the company. UBS Group increased their price objective on Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Finally, Macquarie reduced their target price 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 given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $372.84.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 11,636 shares of the stock in a transaction on Wednesday, June 11th. The stock was 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 directly owned 26,413 shares in the company, valued at $9,904,875. This represents a 30.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the transaction, the chief executive officer directly owned 537 shares of the company's stock, valued at approximately $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,108 shares of company stock worth $36,771,200. Corporate insiders own 0.13% of the company's stock.

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.