Capital Counsel LLC NY Has $253.84 Million Position in Visa Inc. (NYSE:V)

Capital Counsel LLC NY lessened its position in shares of Visa Inc. (NYSE:V - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 803,173 shares of the credit-card processor's stock after selling 10,457 shares during the quarter. Visa comprises 10.8% of Capital Counsel LLC NY's holdings, making the stock its 2nd biggest position. Capital Counsel LLC NY's holdings in Visa were worth $253,835,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Decker Retirement Planning Inc. acquired a new stake in Visa during the fourth quarter worth about $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Visa during the fourth quarter worth approximately $27,000. POM Investment Strategies LLC raised its position 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 buying an additional 32 shares during the last quarter. Modus Advisors LLC purchased a new position in Visa in the 4th quarter worth approximately $32,000. Finally, Compass Planning Associates Inc acquired a new position in Visa during the fourth quarter worth $32,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Stock Down 0.6 %

V stock traded down $2.07 during trading on Friday, hitting $329.26. 5,640,095 shares of the company's stock were exchanged, compared to its average volume of 7,224,873. The stock has a market capitalization of $611.69 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 2.33 and a beta of 0.94. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The business has a 50-day moving average price of $340.68 and a two-hundred day moving average price of $320.74.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate 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, equities research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio is presently 23.79%.

Wall Street Analysts Forecast Growth

V has been the subject of a number of recent analyst reports. Citigroup restated a "neutral" rating on shares of Visa in a report on Thursday, February 13th. Raymond James restated an "outperform" rating and issued a $393.00 target price (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Susquehanna reiterated a "positive" rating on shares of Visa in a report on Friday, March 21st. JPMorgan Chase & Co. upped their target price on shares of Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, Piper Sandler reiterated an "overweight" rating and set a $383.00 price target (up from $368.00) on shares of Visa in a research report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Visa has an average rating of "Moderate Buy" and a consensus price target of $355.84.

Insider Transactions at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm's stock in a transaction that occurred 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 in the company, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Peter M. Andreski sold 2,332 shares of the business's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the sale, the chief accounting officer now directly owns 4,488 shares in the company, valued at $1,569,094.56. This represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 143,205 shares of company stock worth $48,842,490 in the last three months. Company 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.