IHT Wealth Management LLC Sells 5,681 Shares of Visa Inc. (NYSE:V)

IHT Wealth Management LLC reduced its stake in shares of Visa Inc. (NYSE:V - Free Report) by 14.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,701 shares of the credit-card processor's stock after selling 5,681 shares during the period. IHT Wealth Management LLC's holdings in Visa were worth $10,651,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of V. Riverstone Advisors LLC bought a new position in Visa in the 4th quarter worth approximately $217,000. Journey Strategic Wealth LLC boosted its holdings in shares of Visa by 16.4% in the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock worth $3,058,000 after acquiring an additional 1,361 shares during the period. King Wealth Management Group grew its position in shares of Visa by 9.0% in the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock valued at $23,663,000 after purchasing an additional 6,172 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Visa during the 4th quarter valued at $10,163,000. Finally, Copley Financial Group Inc. purchased a new stake in Visa during the 3rd quarter worth about $616,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Stock Up 0.1 %

NYSE V traded up $0.30 during trading hours on Friday, reaching $336.01. 2,374,654 shares of the company's stock traded hands, compared to its average volume of 6,844,917. The firm has a market cap of $624.23 billion, a PE ratio of 33.86, a PEG ratio of 2.33 and a beta of 0.94. 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 52-week low of $252.70 and a 52-week high of $366.54. The firm has a 50-day simple moving average of $338.83 and a 200 day simple moving average of $321.93.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data 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 net margin of 54.27% and a return on equity of 54.79%. Sell-side analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio is presently 23.79%.

Insider Transactions at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the business's stock in a transaction dated 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. The trade was a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares of the company's stock, valued at $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,205 shares of company stock valued at $48,842,490 over the last quarter. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on V shares. William Blair reiterated an "outperform" rating on shares of Visa in a research report on Friday, January 31st. Raymond James reaffirmed 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. Piper Sandler reissued an "overweight" rating and issued a $383.00 price target (up from $368.00) on shares of Visa in a report on Friday, January 31st. StockNews.com lowered shares of Visa from a "buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Finally, Susquehanna reissued a "positive" rating on shares of Visa in a research note on Friday, March 21st. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Visa currently has a consensus rating of "Moderate Buy" and a consensus price target of $358.17.

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.