Visa Inc. (NYSE:V) Stock Holdings Lowered by Wellington Management Group LLP

Wellington Management Group LLP lessened its stake in Visa Inc. (NYSE:V - Free Report) by 34.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,327,766 shares of the credit-card processor's stock after selling 4,977,997 shares during the quarter. Wellington Management Group LLP owned 0.50% of Visa worth $2,947,947,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Riverstone Advisors LLC acquired a new position in Visa during the fourth quarter worth about $217,000. Journey Strategic Wealth LLC raised its position in shares of Visa by 16.4% during the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock worth $3,058,000 after purchasing an additional 1,361 shares during the last quarter. King Wealth Management Group lifted its stake in Visa by 9.0% in the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock valued at $23,663,000 after buying an additional 6,172 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Visa during the 4th quarter valued at $10,163,000. Finally, Copley Financial Group Inc. purchased a new position in Visa during the third quarter worth $616,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Analyst Ratings Changes

V has been the topic of a number of analyst reports. Citigroup reaffirmed a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. StockNews.com upgraded shares of Visa from a "hold" rating to a "buy" rating in a report on Friday, March 28th. Piper Sandler restated an "overweight" rating and set a $383.00 target price (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. Seaport Res Ptn upgraded Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Finally, Raymond James reaffirmed an "outperform" rating and issued a $393.00 price objective (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Visa presently has an average rating of "Moderate Buy" and an average target price of $355.84.

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Insider Transactions at Visa

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the firm's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the transaction, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the sale, the insider now owns 26,413 shares of the company's stock, valued at approximately $8,642,333.60. The trade was a 59.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,205 shares of company stock valued at $48,560,961. 0.13% of the stock is currently owned by corporate insiders.

Visa Stock Up 0.0 %

Shares of NYSE:V traded up $0.14 during mid-day trading on Wednesday, hitting $346.49. 5,624,434 shares of the company traded hands, compared to its average volume of 7,155,254. 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 Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The firm's 50 day simple moving average is $344.68 and its 200 day simple moving average is $316.37. The firm has a market cap of $643.70 billion, a P/E ratio of 34.93, a PEG ratio of 2.33 and a beta of 0.95.

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, topping 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%. On average, equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is currently 23.79%.

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.