McKinley Carter Wealth Services Inc. Sells 91 Shares of Visa Inc. (NYSE:V)

McKinley Carter Wealth Services Inc. cut its position in Visa Inc. (NYSE:V) by 1.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,548 shares of the credit-card processor’s stock after selling 91 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Visa were worth $2,350,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Stableford Capital II LLC lifted its position in shares of Visa by 0.7% during the 3rd quarter. Stableford Capital II LLC now owns 11,877 shares of the credit-card processor’s stock worth $3,300,000 after buying an additional 85 shares during the last quarter. Safeguard Financial LLC raised its stake in Visa by 39.0% during the third quarter. Safeguard Financial LLC now owns 1,446 shares of the credit-card processor’s stock worth $397,000 after acquiring an additional 406 shares in the last quarter. Tsfg LLC lifted its holdings in shares of Visa by 7.0% in the third quarter. Tsfg LLC now owns 750 shares of the credit-card processor’s stock worth $206,000 after acquiring an additional 49 shares during the last quarter. Nexus Investment Management ULC boosted its stake in shares of Visa by 5,034.0% in the 3rd quarter. Nexus Investment Management ULC now owns 56,371 shares of the credit-card processor’s stock valued at $15,499,000 after purchasing an additional 55,273 shares in the last quarter. Finally, Roberts Wealth Advisors LLC grew its holdings in shares of Visa by 0.9% during the 3rd quarter. Roberts Wealth Advisors LLC now owns 18,308 shares of the credit-card processor’s stock valued at $5,034,000 after purchasing an additional 160 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on V shares. BMO Capital Markets increased their price objective on shares of Visa from $300.00 to $310.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Bank of America raised their price objective on Visa from $279.00 to $308.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Jefferies Financial Group dropped their target price on Visa from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. TD Cowen reduced their price target on Visa from $320.00 to $318.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, Monness Crespi & Hardt reiterated a “neutral” rating on shares of Visa in a report on Tuesday, September 24th. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $313.81.

Visa Trading Up 2.9 %

NYSE:V opened at $287.51 on Thursday. Visa Inc. has a 12 month low of $228.03 and a 12 month high of $293.07. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $525.83 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 1.94 and a beta of 0.96. The firm has a fifty day simple moving average of $275.69 and a two-hundred day simple moving average of $272.74.

Visa (NYSE:V) last issued its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, meeting analysts’ consensus estimates of $2.42. The business had revenue of $8.90 billion during the quarter, compared to analyst estimates of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.16 EPS. Analysts expect that Visa Inc. will post 9.92 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th were paid a dividend of $0.52 per share. The ex-dividend date was Friday, August 9th. This represents a $2.08 dividend on an annualized basis and a yield of 0.72%. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $148,687.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.

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.