Visa Inc. (NYSE:V) Shares Sold by L.M. Kohn & Company

L.M. Kohn & Company reduced its stake in shares of Visa Inc. (NYSE:V) by 1.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,992 shares of the credit-card processor’s stock after selling 286 shares during the quarter. Visa comprises 1.6% of L.M. Kohn & Company’s portfolio, making the stock its 12th biggest holding. L.M. Kohn & Company’s holdings in Visa were worth $6,002,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC boosted its position in shares of Visa by 3.3% in the fourth quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor’s stock worth $297,000 after acquiring an additional 30 shares during the last quarter. Warther Private Wealth LLC raised its stake in Visa by 1.0% during the fourth quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor’s stock worth $928,000 after purchasing an additional 30 shares during the period. Crescent Grove Advisors LLC boosted its holdings in shares of Visa by 2.2% in the 4th quarter. Crescent Grove Advisors LLC now owns 1,437 shares of the credit-card processor’s stock valued at $454,000 after purchasing an additional 31 shares during the last quarter. Vicus Capital grew its stake in shares of Visa by 3.1% during the 4th quarter. Vicus Capital now owns 1,032 shares of the credit-card processor’s stock valued at $326,000 after buying an additional 31 shares during the period. Finally, Phoenix Wealth Advisors increased its holdings in shares of Visa by 3.4% during the 4th quarter. Phoenix Wealth Advisors now owns 964 shares of the credit-card processor’s stock worth $305,000 after buying an additional 32 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Price Performance

V opened at $356.04 on Wednesday. The company has a market capitalization of $661.45 billion, a P/E ratio of 35.89, a PEG ratio of 2.32 and a beta of 0.97. The company has a 50-day moving average of $326.05 and a 200-day moving average of $300.04. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $356.74.

Visa (NYSE:V) last posted its quarterly 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 return on equity of 54.79% and a net margin of 54.27%. Equities analysts expect that Visa Inc. will post 11.27 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. Visa’s dividend payout ratio (DPR) is 23.79%.

Wall Street Analysts Forecast Growth

V has been the topic of a number of research analyst reports. Morgan Stanley lifted their target price on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. The Goldman Sachs Group boosted their target price on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods lifted their price target on shares of Visa from $360.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, Oppenheimer increased their price objective on shares of Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $354.73.

Insider Activity at Visa

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction 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 approximately $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the transaction, the general counsel now owns 11,925 shares in the company, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,056 shares of company stock valued at $19,830,050. Corporate 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.