Visa Inc. (NYSE:V) Shares Sold by Burns J W & Co. Inc. NY

Burns J W & Co. Inc. NY cut its stake in shares of Visa Inc. (NYSE:V - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,314 shares of the credit-card processor's stock after selling 1,572 shares during the quarter. Visa accounts for 5.1% of Burns J W & Co. Inc. NY's portfolio, making the stock its 3rd largest holding. Burns J W & Co. Inc. NY's holdings in Visa were worth $39,011,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of V. Spartan Planning & Wealth Management boosted its position in shares of Visa by 2.4% in the first quarter. Spartan Planning & Wealth Management now owns 3,115 shares of the credit-card processor's stock worth $1,092,000 after buying an additional 73 shares during the period. Private Client Services LLC increased its stake in Visa by 3.5% during the first quarter. Private Client Services LLC now owns 1,818 shares of the credit-card processor's stock valued at $637,000 after acquiring an additional 62 shares during the period. Global Financial Private Client LLC increased its stake in Visa by 21.6% during the first quarter. Global Financial Private Client LLC now owns 1,456 shares of the credit-card processor's stock valued at $510,000 after acquiring an additional 259 shares during the period. Welch Group LLC grew its stake in shares of Visa by 10.4% in the 1st quarter. Welch Group LLC now owns 34,716 shares of the credit-card processor's stock valued at $11,902,000 after purchasing an additional 3,270 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of Visa by 3.9% in the 1st quarter. Parallel Advisors LLC now owns 80,793 shares of the credit-card processor's stock valued at $28,312,000 after purchasing an additional 3,049 shares during the period. 82.15% of the stock is owned by institutional investors.

Insider Transactions at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction 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 sale, the general counsel now directly owns 11,925 shares of the company's stock, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction on Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the sale, the insider now directly owns 26,413 shares of the company's stock, valued at approximately $8,642,333.60. This trade represents a 59.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 113,328 shares of company stock worth $38,419,222. Company insiders own 0.13% of the company's stock.

Visa Price Performance

NYSE:V traded down $0.05 during mid-day trading on Monday, reaching $365.14. The stock had a trading volume of 3,845,682 shares, compared to its average volume of 7,003,419. The stock has a 50-day simple moving average of $343.40 and a two-hundred day simple moving average of $333.88. The stock has a market capitalization of $673.74 billion, a PE ratio of 36.81, a P/E/G 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. 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 announced its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. During the same period last year, the firm posted $2.51 earnings per share. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be issued 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 0.65%. Visa's dividend payout ratio (DPR) is presently 23.72%.

Analyst Ratings Changes

Several research analysts have issued reports on V shares. Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. William Blair restated an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. The Goldman Sachs Group assumed coverage on shares of Visa in a research note on Monday. They set a "neutral" rating for the company. Piper Sandler increased their price objective 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. Finally, UBS Group raised their target price on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Six research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $367.48.

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.