Visa Inc. (NYSE:V) Shares Sold by Williams Jones Wealth Management LLC.

Williams Jones Wealth Management LLC. lessened its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 1.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,131,848 shares of the credit-card processor's stock after selling 17,772 shares during the period. Visa accounts for approximately 4.3% of Williams Jones Wealth Management LLC.'s investment portfolio, making the stock its 4th biggest holding. Williams Jones Wealth Management LLC. owned approximately 0.06% of Visa worth $357,709,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Riverstone Advisors LLC purchased a new position in shares of Visa during the fourth quarter worth approximately $217,000. Blue Rock Wealth Management LLC acquired a new stake in Visa during the 4th quarter worth $306,000. Aptus Capital Advisors LLC boosted its stake in Visa by 19.8% during the 4th quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor's stock worth $57,727,000 after purchasing an additional 30,185 shares during the period. Journey Strategic Wealth LLC grew its position in Visa by 16.4% during the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock worth $3,058,000 after purchasing an additional 1,361 shares during the last quarter. Finally, King Wealth Management Group increased its stake in Visa by 9.0% in the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock valued at $23,663,000 after purchasing an additional 6,172 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on V shares. Piper Sandler increased their target price on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. William Blair reaffirmed an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Macquarie lowered their target price on Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Evercore ISI began coverage on Visa in a research note on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target for the company. Finally, Susquehanna reaffirmed a "positive" rating on shares of Visa in a report on Friday, March 21st. Six equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Visa currently has a consensus rating of "Moderate Buy" and a consensus target price of $362.38.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the transaction, the chief executive officer now owns 537 shares of the company's stock, valued at $194,931. The trade was a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the sale, the general counsel now owns 11,925 shares in the company, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,948 shares of company stock worth $41,548,282 in the last ninety days. Insiders own 0.13% of the company's stock.

Visa Price Performance

Shares of NYSE:V opened at $367.76 on Tuesday. The firm has a market capitalization of $678.58 billion, a price-to-earnings ratio of 37.07, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The business's 50 day simple moving average is $339.28 and its 200-day simple moving average is $330.43. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $369.15.

Visa (NYSE:V - Get Free Report) last posted its 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. Visa had a return on equity of 54.79% and a net margin of 54.27%. The company 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 company earned $2.51 earnings per share. Visa's revenue was up 9.3% compared to the same quarter last year. As a group, equities analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal 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 paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.64%. Visa's dividend payout ratio (DPR) is 23.72%.

About Visa

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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