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

TCM Advisors LLC trimmed its position in shares of Visa Inc. (NYSE:V - Free Report) by 20.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,972 shares of the credit-card processor's stock after selling 1,000 shares during the period. Visa makes up approximately 0.1% of TCM Advisors LLC's holdings, making the stock its 18th largest holding. TCM Advisors LLC's holdings in Visa were worth $1,255,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Visa by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock valued at $50,378,465,000 after acquiring an additional 7,079,706 shares during the last quarter. Geode Capital Management LLC increased its stake in Visa by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor's stock valued at $12,729,901,000 after buying an additional 1,689,926 shares during the last quarter. Norges Bank bought a new stake in Visa during the fourth quarter worth about $5,171,271,000. Charles Schwab Investment Management Inc. grew its stake in shares of Visa by 6.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,241,003 shares of the credit-card processor's stock valued at $3,868,646,000 after buying an additional 718,558 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Visa by 1.8% during the 4th quarter. Fisher Asset Management LLC now owns 9,758,703 shares of the credit-card processor's stock worth $3,084,141,000 after purchasing an additional 173,990 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several analysts recently commented on the stock. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Bank of America upped their price target on shares of Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Evercore ISI began coverage on shares of Visa in a research report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price objective for the company. Piper Sandler reaffirmed an "overweight" rating and set a $383.00 price target (up previously from $368.00) on shares of Visa in a research note on Friday, January 31st. Finally, Susquehanna reiterated a "positive" rating on shares of Visa in a report on Friday, March 21st. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Visa has a consensus rating of "Moderate Buy" and an average target price of $355.84.

Visa Trading Up 0.2 %

V stock traded up $0.70 during trading on Tuesday, hitting $335.88. The company had a trading volume of 4,383,107 shares, compared to its average volume of 7,242,078. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $623.98 billion, a P/E ratio of 33.86, a PEG ratio of 2.33 and a beta of 0.94. The company has a 50 day simple moving average of $342.12 and a 200-day simple moving average of $319.51. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating 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%. As a group, research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid 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 yield of 0.70%. Visa's dividend payout ratio (DPR) is 23.79%.

Insiders Place Their Bets

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the sale, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the transaction, the chief executive officer now owns 537 shares in the company, valued at $194,931. The trade was a 94.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,205 shares of company stock valued at $48,842,490. 0.13% of the stock is owned by company insiders.

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.