Nicholas Hoffman & Company LLC. Sells 186 Shares of Visa Inc. (NYSE:V)

Nicholas Hoffman & Company LLC. reduced its position in shares of Visa Inc. (NYSE:V) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,464 shares of the credit-card processor’s stock after selling 186 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Visa were worth $3,307,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. acquired a new position in shares of Visa during the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. bought a new position in Visa during the fourth quarter worth $26,000. Reston Wealth Management LLC bought a new position in Visa during the third quarter worth $31,000. POM Investment Strategies LLC increased its holdings 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 purchasing an additional 32 shares during the last quarter. Finally, Modus Advisors LLC bought a new position in shares of Visa in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Transactions at Visa

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 58,056 shares of company stock valued at $19,830,050 in the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

Visa Stock Down 0.5 %

Shares of Visa stock opened at $354.95 on Thursday. The stock’s 50-day moving average is $327.75 and its 200 day moving average is $301.05. Visa Inc. has a one year low of $252.70 and a one year high of $357.15. The firm has a market cap of $659.42 billion, a price-to-earnings ratio of 35.78, a PEG ratio of 2.35 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping 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%. Equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.66%. Visa’s dividend payout ratio is currently 23.79%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on V shares. JPMorgan Chase & Co. raised their price objective on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. BMO Capital Markets lifted 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. Keefe, Bruyette & Woods boosted their price target on Visa from $360.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Piper Sandler reiterated an “overweight” rating and set a $383.00 price objective (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. Finally, Susquehanna boosted their target price on shares of Visa from $375.00 to $395.00 and gave the company a “positive” rating in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average target price of $354.73.

About Visa

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.