Visa Inc. $V Shares Sold by Mccarter Private Wealth Services LLC

Mccarter Private Wealth Services LLC cut its stake in Visa Inc. (NYSE:V) by 4.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,052 shares of the credit-card processor’s stock after selling 204 shares during the quarter. Mccarter Private Wealth Services LLC’s holdings in Visa were worth $1,439,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in V. Brighton Jones LLC increased its position in shares of Visa by 50.1% in the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock valued at $6,522,000 after buying an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Visa by 68.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock valued at $3,733,000 after buying an additional 4,817 shares in the last quarter. Kingsman Wealth Management Inc. purchased a new stake in shares of Visa in the first quarter valued at approximately $1,935,000. Mountain Capital Investment Advisors Inc. increased its position in shares of Visa by 0.8% in the first quarter. Mountain Capital Investment Advisors Inc. now owns 4,839 shares of the credit-card processor’s stock valued at $1,624,000 after buying an additional 39 shares in the last quarter. Finally, Barlow Wealth Partners Inc. increased its position in shares of Visa by 1.4% in the first quarter. Barlow Wealth Partners Inc. now owns 103,839 shares of the credit-card processor’s stock valued at $34,804,000 after buying an additional 1,394 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the transaction, the general counsel owned 11,925 shares of the company’s stock, valued at $4,102,438.50. This represents a 14.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total value of $3,589,015.50. Following the completion of the transaction, the chief executive officer directly owned 537 shares in the company, valued at approximately $183,815.10. This trade represents a 95.13% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on V shares. Citigroup upgraded Visa to a “strong-buy” rating in a research report on Thursday, October 23rd. Raymond James Financial reiterated an “outperform” rating and set a $408.00 price target (up from $398.00) on shares of Visa in a research report on Wednesday, October 29th. Wells Fargo & Company upgraded Visa to a “strong-buy” rating in a research report on Wednesday, October 22nd. Erste Group Bank cut Visa from a “buy” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, UBS Group set a $425.00 price target on Visa and gave the stock a “buy” rating in a research report on Wednesday. Four research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus target price of $400.00.

Visa Stock Down 1.1%

Shares of NYSE:V opened at $341.07 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.08 and a debt-to-equity ratio of 0.53. The business has a fifty day moving average of $344.78 and a two-hundred day moving average of $348.52. The stock has a market cap of $625.11 billion, a P/E ratio of 33.41, a PEG ratio of 2.03 and a beta of 0.90. Visa Inc. has a 52-week low of $287.19 and a 52-week high of $375.51.

Visa (NYSE:V) last issued its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.01. The company had revenue of $10.72 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.71 EPS. On average, research analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.59. Visa’s dividend payout ratio (DPR) is currently 23.11%.

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.