Visa Inc. (NYSE:V) Shares Sold by N.E.W. Advisory Services LLC

N.E.W. Advisory Services LLC lessened its stake in Visa Inc. (NYSE:VGet Rating) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,724 shares of the credit-card processor’s stock after selling 107 shares during the quarter. N.E.W. Advisory Services LLC’s holdings in Visa were worth $788,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in V. BlackRock Inc. raised its stake in shares of Visa by 1.9% in the 4th quarter. BlackRock Inc. now owns 129,031,301 shares of the credit-card processor’s stock valued at $27,962,374,000 after acquiring an additional 2,440,030 shares during the period. State Street Corp raised its stake in shares of Visa by 2.1% in the 4th quarter. State Street Corp now owns 74,542,114 shares of the credit-card processor’s stock valued at $16,154,022,000 after acquiring an additional 1,504,897 shares during the period. Geode Capital Management LLC raised its stake in shares of Visa by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 29,682,215 shares of the credit-card processor’s stock valued at $6,416,486,000 after acquiring an additional 827,137 shares during the period. Alliancebernstein L.P. raised its stake in shares of Visa by 11.5% in the 4th quarter. Alliancebernstein L.P. now owns 25,850,411 shares of the credit-card processor’s stock valued at $5,602,043,000 after acquiring an additional 2,659,845 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Visa by 1.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 24,368,049 shares of the credit-card processor’s stock valued at $5,280,800,000 after acquiring an additional 320,042 shares during the period. Institutional investors own 80.77% of the company’s stock.

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $210.38, for a total value of $1,893,420.00. Following the sale, the chief executive officer now directly owns 162,887 shares in the company, valued at approximately $34,268,167.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Ryan Mcinerney sold 6,467 shares of the business’s stock in a transaction that occurred on Friday, April 1st. The stock was sold at an average price of $223.65, for a total transaction of $1,446,344.55. The disclosure for this sale can be found here. Insiders have sold a total of 39,933 shares of company stock worth $8,745,055 over the last 90 days. 0.21% of the stock is owned by insiders.

V stock opened at $193.82 on Thursday. Visa Inc. has a 52 week low of $185.91 and a 52 week high of $252.67. The company has a market capitalization of $368.51 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 1.62 and a beta of 0.90. The firm’s 50-day moving average is $205.14 and its two-hundred day moving average is $212.24. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53.

Visa (NYSE:VGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The credit-card processor reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.14. Visa had a net margin of 51.10% and a return on equity of 42.89%. The company had revenue of $7.19 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the firm earned $1.38 EPS. Visa’s revenue was up 25.5% on a year-over-year basis. On average, equities research analysts predict that Visa Inc. will post 7.16 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 1st. Shareholders of record on Friday, May 13th were given a dividend of $0.375 per share. The ex-dividend date was Thursday, May 12th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.77%. Visa’s dividend payout ratio (DPR) is 23.58%.

A number of brokerages have recently commented on V. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research note on Thursday, April 28th. The Goldman Sachs Group started coverage on shares of Visa in a research report on Tuesday, May 17th. They issued a “buy” rating and a $282.00 target price for the company. Cowen dropped their target price on shares of Visa from $276.00 to $254.00 in a research report on Wednesday, April 27th. Evercore ISI boosted their target price on shares of Visa from $304.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 27th. Finally, Morgan Stanley boosted their target price on shares of Visa from $279.00 to $284.00 in a research report on Wednesday, April 27th. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $267.44.

About Visa (Get Rating)

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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