Visa Inc. (NYSE:V) Shares Sold by Perkins Coie Trust Co

Perkins Coie Trust Co reduced its position in Visa Inc. (NYSE:V) by 3.5% in the 4th quarter, Holdings Channel reports. The firm owned 28,687 shares of the credit-card processor’s stock after selling 1,039 shares during the period. Visa makes up 2.0% of Perkins Coie Trust Co’s holdings, making the stock its 10th biggest holding. Perkins Coie Trust Co’s holdings in Visa were worth $9,066,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Stillwater Capital Advisors LLC raised its position in Visa by 1.2% in the 4th quarter. Stillwater Capital Advisors LLC now owns 61,336 shares of the credit-card processor’s stock valued at $19,385,000 after purchasing an additional 754 shares during the last quarter. Clarius Group LLC increased its stake in Visa by 0.7% in the fourth 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 period. Oak Ridge Investments LLC raised its holdings in shares of Visa by 5.9% in the fourth quarter. Oak Ridge Investments LLC now owns 75,456 shares of the credit-card processor’s stock valued at $23,847,000 after buying an additional 4,198 shares during the last quarter. HF Advisory Group LLC boosted its stake in shares of Visa by 2.0% during the fourth quarter. HF Advisory Group LLC now owns 11,245 shares of the credit-card processor’s stock worth $3,554,000 after buying an additional 216 shares during the period. Finally, Aaron Wealth Advisors LLC boosted its stake in shares of Visa by 4.2% during the fourth quarter. Aaron Wealth Advisors LLC now owns 16,001 shares of the credit-card processor’s stock worth $5,057,000 after buying an additional 641 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on V shares. Mizuho upped their price objective on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Oppenheimer increased their price target on Visa from $321.00 to $375.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Wells Fargo & Company boosted their price objective on shares of Visa from $325.00 to $360.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods raised their target price on shares of Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Monness Crespi & Hardt reiterated a “neutral” rating on shares of Visa in a research note on Tuesday, September 24th. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $331.92.

Insider Buying and Selling

In other news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Visa Stock Performance

NYSE V opened at $319.97 on Tuesday. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $321.61. The firm has a market capitalization of $596.06 billion, a P/E ratio of 32.88, a P/E/G ratio of 2.06 and a beta of 0.96. The business’s 50-day simple moving average is $313.41 and its 200-day simple moving average is $288.73. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28.

Visa (NYSE:V) last issued its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.13. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.33 EPS. Equities analysts predict that Visa Inc. will post 11.22 EPS for the current 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 paid a $0.59 dividend. This is an increase from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.74%. Visa’s dividend payout ratio (DPR) is presently 24.25%.

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.