Douglass Winthrop Advisors LLC Lowers Holdings in Visa Inc. (NYSE:V)

Douglass Winthrop Advisors LLC trimmed its position in Visa Inc. (NYSE:V) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,118 shares of the credit-card processor’s stock after selling 915 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Visa were worth $14,575,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in V. Holderness Investments Co. grew its stake in Visa by 4.9% in the 4th quarter. Holderness Investments Co. now owns 8,163 shares of the credit-card processor’s stock worth $2,580,000 after buying an additional 380 shares in the last quarter. HUB Investment Partners LLC grew its position in Visa by 8.5% in the fourth quarter. HUB Investment Partners LLC now owns 42,486 shares of the credit-card processor’s stock worth $13,427,000 after acquiring an additional 3,344 shares in the last quarter. BluePointe Capital Management LLC bought a new position in Visa in the fourth quarter valued at $305,000. Northwest & Ethical Investments L.P. raised its position in Visa by 1.0% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 113,343 shares of the credit-card processor’s stock valued at $35,821,000 after purchasing an additional 1,171 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Visa by 1.0% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 367,447 shares of the credit-card processor’s stock valued at $116,128,000 after purchasing an additional 3,807 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on V. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a research note on Thursday. UBS Group increased their target price on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 31st. Piper Sandler reissued an “overweight” rating and issued a $383.00 price target (up from $368.00) on shares of Visa in a research note on Friday, January 31st. Bank of America raised their price objective on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Finally, Morgan Stanley lifted their price objective on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

Visa Trading Down 0.2 %

Shares of V opened at $339.10 on Friday. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The stock has a market cap of $629.96 billion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The firm’s fifty day moving average is $339.91 and its two-hundred day moving average is $312.40. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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%. Research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.70%. Visa’s dividend payout ratio is currently 23.79%.

Insider Buying and Selling

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares of the company’s stock, valued at $12,789,689.82. This represents a 47.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the sale, the insider now directly owns 26,413 shares in the company, valued at $8,642,333.60. This represents a 59.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,205 shares of company stock valued at $48,560,961. Company insiders own 0.13% 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.