Winthrop Advisory Group LLC Sells 695 Shares of Visa Inc. (NYSE:V)

Winthrop Advisory Group LLC trimmed its position in Visa Inc. (NYSE:V - Free Report) by 7.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,015 shares of the credit-card processor's stock after selling 695 shares during the quarter. Winthrop Advisory Group LLC's holdings in Visa were worth $3,160,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Riverstone Advisors LLC bought a new position in Visa during the fourth quarter worth about $217,000. Blue Rock Wealth Management LLC bought a new position in Visa during the fourth quarter worth about $306,000. Aptus Capital Advisors LLC boosted its holdings in Visa by 19.8% during the fourth quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor's stock worth $57,727,000 after buying an additional 30,185 shares during the last quarter. Journey Strategic Wealth LLC boosted its holdings in Visa by 16.4% during the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock worth $3,058,000 after buying an additional 1,361 shares during the last quarter. Finally, King Wealth Management Group boosted its holdings in Visa by 9.0% during the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock worth $23,663,000 after buying an additional 6,172 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

V has been the topic of several recent analyst reports. UBS Group lifted their price objective on Visa from $395.00 to $405.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. Jefferies Financial Group lifted their price objective on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Evercore ISI initiated coverage on Visa in a report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price objective on the stock. BMO Capital Markets lifted their price objective on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, The Goldman Sachs Group initiated coverage on Visa in a report on Monday. They set a "neutral" rating on the stock. Six equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $367.48.

Visa Stock Down 0.0%

Shares of NYSE:V traded down $0.05 during trading on Monday, hitting $365.14. 3,845,682 shares of the company were exchanged, compared to its average volume of 7,003,419. The stock has a market cap of $673.74 billion, a price-to-earnings ratio of 36.81, a P/E/G ratio of 2.33 and a beta of 0.96. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $369.15. The firm has a fifty day moving average price of $343.40 and a two-hundred day moving average price of $333.88. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.08. The firm had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The business's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.51 EPS. As a group, research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa's payout ratio is presently 23.72%.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 14,813 shares of the business's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $355.04, for a total value of $5,259,207.52. Following the completion of the sale, the insider now directly owns 26,413 shares in the company, valued at $9,377,671.52. The trade was a 35.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on 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 completion of the sale, the chief executive officer now owns 537 shares of the company's stock, valued at $185,576.46. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,328 shares of company stock valued at $38,419,222. 0.13% of the stock is owned by insiders.

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.