Visa Inc. (NYSE:V) Shares Sold by Colonial Trust Advisors

Colonial Trust Advisors lowered its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,606 shares of the credit-card processor's stock after selling 1,126 shares during the period. Visa comprises 2.3% of Colonial Trust Advisors' portfolio, making the stock its 8th largest holding. Colonial Trust Advisors' holdings in Visa were worth $26,107,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of V. Howard Capital Management Group LLC raised its stake in Visa by 0.6% during the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor's stock worth $29,242,000 after acquiring an additional 610 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Visa by 7.7% during the 3rd quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor's stock worth $1,576,366,000 after purchasing an additional 411,210 shares in the last quarter. Morse Asset Management Inc bought a new position in Visa during the 3rd quarter valued at about $69,000. Toronto Dominion Bank lifted its holdings in Visa by 5.6% during the 3rd quarter. Toronto Dominion Bank now owns 591,175 shares of the credit-card processor's stock valued at $162,544,000 after purchasing an additional 31,245 shares during the last quarter. Finally, Arete Wealth Advisors LLC acquired a new position in Visa in the third quarter valued at about $5,156,000. Institutional investors own 82.15% of the company's stock.

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Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the completion of the sale, the chief executive officer now directly owns 537 shares in the company, valued at approximately $188,186.28. This represents a 94.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the sale, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,205 shares of company stock worth $48,842,490. Corporate insiders own 0.13% of the company's stock.

Visa Stock Performance

Visa stock traded up $1.58 during trading hours on Monday, hitting $334.98. The company had a trading volume of 1,982,823 shares, compared to its average volume of 7,254,055. The firm has a 50-day moving average of $342.40 and a 200 day moving average of $319.09. 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 firm has a market cap of $622.32 billion, a PE ratio of 33.77, a PEG ratio of 2.33 and a beta of 0.94. Visa Inc. has a one year low of $252.70 and a one year high of $366.54.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.70%. Visa's payout ratio is presently 23.79%.

Analyst Ratings Changes

A number of equities research analysts have commented on V shares. Wells Fargo & Company increased their price objective on shares of Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Citigroup reaffirmed a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. Seaport Res Ptn upgraded Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Raymond James restated an "outperform" rating and set a $393.00 target price (up previously from $374.00) on shares of Visa in a report on Friday, January 31st. Finally, Bank of America upped their price target on Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $355.84.

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.