Visa Inc. (NYSE:V) Shares Sold by WestEnd Advisors LLC

WestEnd Advisors LLC cut its stake in shares of Visa Inc. (NYSE:V - Free Report) by 99.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,389 shares of the credit-card processor's stock after selling 144,412 shares during the period. WestEnd Advisors LLC's holdings in Visa were worth $382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. KMG Fiduciary Partners LLC boosted its position in Visa by 0.3% in the 3rd quarter. KMG Fiduciary Partners LLC now owns 13,933 shares of the credit-card processor's stock valued at $3,831,000 after buying an additional 37 shares during the period. Iron Horse Wealth Management LLC grew its position in Visa by 15.9% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 270 shares of the credit-card processor's stock worth $74,000 after purchasing an additional 37 shares during the last quarter. Tlwm raised its stake in Visa by 0.7% in the 2nd quarter. Tlwm now owns 5,241 shares of the credit-card processor's stock worth $1,376,000 after acquiring an additional 38 shares during the last quarter. Meridian Financial Partners LLC lifted its holdings in shares of Visa by 0.5% during the second quarter. Meridian Financial Partners LLC now owns 8,160 shares of the credit-card processor's stock worth $2,196,000 after purchasing an additional 38 shares during the period. Finally, First National Corp MA ADV lifted its stake in Visa by 1.0% during the 3rd quarter. First National Corp MA ADV now owns 3,841 shares of the credit-card processor's stock valued at $1,056,000 after acquiring an additional 38 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the transaction, the chief executive officer now owns 538 shares of the company's stock, valued at approximately $148,687.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is owned by corporate insiders.

Visa Stock Performance

Visa stock traded down $0.31 during trading hours on Thursday, reaching $289.85. 7,943,160 shares of the stock were exchanged, compared to its average volume of 7,078,799. Visa Inc. has a 52-week low of $232.99 and a 52-week high of $296.34. The stock has a market cap of $530.12 billion, a P/E ratio of 32.82, a P/E/G ratio of 1.95 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37. The firm's 50 day moving average is $280.09 and its 200 day moving average is $273.38.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.58 by $0.13. Visa had a return on equity of 51.94% and a net margin of 54.72%. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the prior year, the business posted $2.33 EPS. The company's revenue for the quarter was up 11.7% on a year-over-year basis. Analysts predict that Visa Inc. will post 9.92 EPS for the current fiscal year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.81%. This is a boost from Visa's previous quarterly dividend of $0.52. Visa's dividend payout ratio is currently 23.24%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on V shares. Macquarie raised their price objective on shares of Visa from $300.00 to $335.00 and gave the stock an "outperform" rating in a research note on Wednesday. TD Cowen upped their price objective on shares of Visa from $318.00 to $325.00 and gave the company a "buy" rating in a research note on Wednesday. Royal Bank of Canada boosted their target price on shares of Visa from $311.00 to $322.00 and gave the company an "outperform" rating in a report on Wednesday. Susquehanna upped their price target on Visa from $326.00 to $339.00 and gave the company a "positive" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Visa from $290.00 to $320.00 and gave the company an "overweight" rating in a report on Tuesday, August 20th. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $320.07.

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.