Plimoth Trust Co. LLC Has $7.14 Million Position in Visa Inc. (NYSE:V)

Plimoth Trust Co. LLC decreased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 4.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,370 shares of the credit-card processor's stock after selling 838 shares during the quarter. Visa makes up about 1.9% of Plimoth Trust Co. LLC's investment portfolio, making the stock its 8th biggest holding. Plimoth Trust Co. LLC's holdings in Visa were worth $7,139,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in V. Bradley & Co. Private Wealth Management LLC acquired a new position in Visa during the fourth quarter worth $27,000. Compass Planning Associates Inc acquired a new stake in Visa in the fourth quarter valued at $32,000. NewSquare Capital LLC acquired a new stake in Visa in the fourth quarter valued at $35,000. FPC Investment Advisory Inc. lifted its stake in Visa by 377.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock valued at $36,000 after acquiring an additional 83 shares during the last quarter. Finally, Sellwood Investment Partners LLC acquired a new stake in Visa in the fourth quarter valued at $41,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 537 shares of the company's stock, valued at $185,576.46. This trade represents a 94.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 11,636 shares of the firm's stock in a transaction dated 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 directly owns 26,413 shares in the company, valued at approximately $9,904,875. This represents a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,098 shares of company stock valued at $36,738,526 in the last ninety days. 0.13% of the stock is currently owned by company insiders.

Visa Price Performance

NYSE:V opened at $340.16 on Friday. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $375.51. The firm has a market cap of $627.64 billion, a price-to-earnings ratio of 34.19, a P/E/G ratio of 2.29 and a beta of 0.94. The firm's 50-day simple moving average is $351.69 and its 200 day simple moving average is $338.37. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS 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 business had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period last year, the firm earned $2.51 earnings per share. Visa's revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio is currently 23.72%.

Wall Street Analysts Forecast Growth

V has been the subject of a number of recent analyst reports. Mizuho upgraded shares of Visa from a "neutral" rating to an "outperform" rating and increased their price target for the company from $359.00 to $425.00 in a research note on Thursday, June 5th. Barclays reiterated an "overweight" rating on shares of Visa in a research note on Friday, June 13th. Evercore ISI initiated coverage on shares of Visa in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price target for the company. Susquehanna reiterated a "positive" rating on shares of Visa in a research note on Friday, March 21st. Finally, Truist Financial initiated coverage on shares of Visa in a research note on Monday, June 2nd. They issued a "buy" rating and a $400.00 price target for the company. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $372.80.

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.

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.