Visa Inc. (NYSE:V) Shares Sold by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC reduced its stake in shares of Visa Inc. (NYSE:V - Free Report) by 45.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,487 shares of the credit-card processor's stock after selling 5,383 shares during the quarter. Visa makes up approximately 0.4% of Legacy Capital Wealth Partners LLC's investment portfolio, making the stock its 29th largest position. Legacy Capital Wealth Partners LLC's holdings in Visa were worth $2,050,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Peterson Financial Group Inc. bought a new stake in shares of Visa in the third quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new stake in shares of Visa in the fourth quarter valued at about $26,000. Reston Wealth Management LLC bought a new stake in shares of Visa in the third quarter valued at about $31,000. POM Investment Strategies LLC raised its holdings in shares of Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after acquiring an additional 32 shares in the last quarter. Finally, Modus Advisors LLC bought a new stake in shares of Visa in the fourth quarter valued at about $32,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Performance

NYSE V traded down $2.22 during trading hours on Friday, reaching $348.27. The stock had a trading volume of 6,910,504 shares, compared to its average volume of 5,753,988. The stock has a fifty day moving average of $328.47 and a 200 day moving average of $301.39. The stock has a market cap of $647.01 billion, a P/E ratio of 35.11, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $357.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V - Get Free Report) last issued 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 return on equity of 54.79% and a net margin of 54.27%. Sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa's dividend payout ratio is presently 23.79%.

Wall Street Analyst Weigh In

V has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price objective on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Seaport Res Ptn upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Wells Fargo & Company boosted their target price on shares of Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Morgan Stanley boosted their target price on shares of Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Finally, William Blair reiterated an "outperform" rating on shares of Visa in a report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $355.31.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now directly owns 36,566 shares of the company's stock, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,885 shares of company stock worth $19,161,447. Corporate insiders own 0.13% of the company's stock.

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.