Perkins Coie Trust Co Sells 1,039 Shares of Visa Inc. (NYSE:V)

Perkins Coie Trust Co decreased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 3.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 28,687 shares of the credit-card processor's stock after selling 1,039 shares during the period. Visa makes up approximately 2.0% of Perkins Coie Trust Co's investment portfolio, making the stock its 10th largest holding. Perkins Coie Trust Co's holdings in Visa were worth $9,066,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Stillwater Capital Advisors LLC lifted its holdings in Visa by 1.2% in the fourth quarter. Stillwater Capital Advisors LLC now owns 61,336 shares of the credit-card processor's stock valued at $19,385,000 after acquiring an additional 754 shares during the period. Clarius Group LLC raised its stake in Visa by 0.7% in the 4th quarter. Clarius Group LLC now owns 18,095 shares of the credit-card processor's stock valued at $5,719,000 after purchasing an additional 122 shares during the last quarter. Oak Ridge Investments LLC raised its stake in Visa by 5.9% in the 4th quarter. Oak Ridge Investments LLC now owns 75,456 shares of the credit-card processor's stock valued at $23,847,000 after purchasing an additional 4,198 shares during the last quarter. HF Advisory Group LLC grew its holdings in Visa by 2.0% in the 4th quarter. HF Advisory Group LLC now owns 11,245 shares of the credit-card processor's stock valued at $3,554,000 after buying an additional 216 shares in the last quarter. Finally, Aaron Wealth Advisors LLC grew its holdings in Visa by 4.2% in the 4th quarter. Aaron Wealth Advisors LLC now owns 16,001 shares of the credit-card processor's stock valued at $5,057,000 after buying an additional 641 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Wall Street Analyst Weigh In

V has been the subject of a number of research analyst reports. BMO Capital Markets increased their price target on Visa from $310.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Citigroup increased their price target on Visa from $326.00 to $354.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Monness Crespi & Hardt reaffirmed a "neutral" rating on shares of Visa in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft raised their target price on Visa from $300.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Finally, Susquehanna raised their target price on Visa from $339.00 to $375.00 and gave the stock a "positive" rating in a research report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $331.92.

Visa Price Performance

NYSE V traded up $4.14 on Tuesday, reaching $323.76. 5,652,636 shares of the stock traded hands, compared to its average volume of 5,746,346. The firm's fifty day simple moving average is $313.59 and its 200 day simple moving average is $289.09. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The company has a market cap of $603.12 billion, a price-to-earnings ratio of 33.27, a P/E/G ratio of 2.15 and a beta of 0.96. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $324.58.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same period last year, the company posted $2.33 EPS. The firm's quarterly revenue was up 11.7% on a year-over-year basis. As a group, research analysts predict that Visa Inc. will post 11.2 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Tuesday, November 12th. This is an increase from Visa's previous quarterly dividend of $0.52. Visa's dividend payout ratio is 24.25%.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares of the company's stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. 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.