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.
Read Our Latest Research Report on V
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
(
Free Report)
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.
Read More

Before you consider Visa, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Visa wasn't on the list.
While Visa currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report