Visa Inc. (NYSE:V) is Folger Nolan Fleming Douglas Capital Management Inc.'s 9th Largest Position

Folger Nolan Fleming Douglas Capital Management Inc. decreased its position in shares of Visa Inc. (NYSE:V - Free Report) by 1.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,166 shares of the credit-card processor's stock after selling 757 shares during the quarter. Visa accounts for 2.2% of Folger Nolan Fleming Douglas Capital Management Inc.'s portfolio, making the stock its 9th largest position. Folger Nolan Fleming Douglas Capital Management Inc.'s holdings in Visa were worth $19,684,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Puff Wealth Management LLC grew its holdings in Visa by 3.7% during the 1st quarter. Puff Wealth Management LLC now owns 2,360 shares of the credit-card processor's stock worth $827,000 after acquiring an additional 84 shares in the last quarter. Hilltop Wealth Advisors LLC acquired a new position in Visa in the 1st quarter valued at $334,000. Twin Peaks Wealth Advisors LLC grew its position in shares of Visa by 2.0% in the first quarter. Twin Peaks Wealth Advisors LLC now owns 1,599 shares of the credit-card processor's stock valued at $537,000 after purchasing an additional 31 shares in the last quarter. Smithbridge Asset Management Inc. DE purchased a new stake in shares of Visa in the 1st quarter valued at approximately $529,000. Finally, Donald L. Hagan LLC boosted its position in shares of Visa by 2.9% during the 1st quarter. Donald L. Hagan LLC now owns 1,680 shares of the credit-card processor's stock worth $589,000 after purchasing an additional 47 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on V. William Blair restated an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. UBS Group boosted their price target on Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Susquehanna reissued a "positive" rating on shares of Visa in a research note on Friday, March 21st. Piper Sandler lifted their target price on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Finally, Wall Street Zen upgraded Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $372.80.

Visa Stock Down 5.0%

Shares of V stock traded down $18.65 during mid-day trading on Friday, reaching $352.75. 14,176,249 shares of the company were exchanged, compared to its average volume of 7,023,536. 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 company has a market capitalization of $650.87 billion, a P/E ratio of 35.56, a P/E/G ratio of 2.33 and a beta of 0.94. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $375.51. The business's 50 day simple moving average is $349.76 and its 200 day simple moving average is $337.45.

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, topping analysts' consensus estimates of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The firm had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. During the same quarter last year, the business posted $2.51 EPS. Visa's revenue was up 9.3% on a year-over-year basis. Research analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio is 23.72%.

Insider Transactions at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the transaction, the general counsel now owns 11,925 shares of the company's stock, valued at $4,121,041.50. This represents a 17.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the sale, the insider now owns 26,413 shares of the company's stock, valued at $8,991,249.33. This trade represents a 59.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 140,448 shares of company stock worth $50,133,659 in the last quarter. 0.13% of the stock is owned by company insiders.

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.