Dohj LLC lowered its position in shares of Visa Inc. (NYSE:V – Free Report) by 15.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,967 shares of the credit-card processor’s stock after selling 1,976 shares during the period. Visa accounts for approximately 1.0% of Dohj LLC’s investment portfolio, making the stock its 29th biggest holding. Dohj LLC’s holdings in Visa were worth $3,667,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Keystone Global Partners LLC bought a new position in shares of Visa during the first quarter worth approximately $26,000. Family Legacy Financial Solutions LLC bought a new position in Visa during the 2nd quarter worth $28,000. von Borstel & Associates Inc. bought a new position in Visa during the 1st quarter worth $27,000. Cranbrook Wealth Management LLC increased its stake in Visa by 82.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock worth $32,000 after acquiring an additional 41 shares during the period. Finally, Westend Capital Management LLC increased its stake in Visa by 83.1% during the 2nd quarter. Westend Capital Management LLC now owns 108 shares of the credit-card processor’s stock worth $38,000 after acquiring an additional 49 shares during the period. Institutional investors own 82.15% of the company’s stock.
Visa Trading Down 1.0%
Shares of V opened at $343.63 on Friday. Visa Inc. has a 52-week low of $275.37 and a 52-week high of $375.51. The business’s fifty day moving average is $343.77 and its 200-day moving average is $346.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $629.79 billion, a price-to-earnings ratio of 33.56, a PEG ratio of 2.04 and a beta of 0.90.
Visa Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Visa’s dividend payout ratio (DPR) is 23.05%.
Insider Buying and Selling at Visa
In related news, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the sale, the chief executive officer owned 537 shares of the company’s stock, valued at $183,815.10. This trade represents a 95.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $344.02, for a total value of $697,328.54. Following the sale, the general counsel directly owned 11,925 shares in the company, valued at approximately $4,102,438.50. This trade represents a 14.53% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.
Wall Street Analysts Forecast Growth
V has been the topic of a number of recent research reports. Robert W. Baird set a $410.00 price objective on Visa and gave the stock an “outperform” rating in a research note on Monday, October 6th. Erste Group Bank lowered Visa from a “buy” rating to a “hold” rating in a research note on Monday, September 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on Visa in a research note on Thursday, July 17th. They set a “buy” rating and a $410.00 price objective on the stock. Barclays restated an “overweight” rating and set a $408.00 price objective (up previously from $396.00) on shares of Visa in a research note on Thursday, July 31st. Finally, Oppenheimer raised their price objective on Visa from $390.00 to $391.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $389.00.
Check Out Our Latest Research Report on V
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.
Read More
- Five stocks we like better than Visa
- What is a Secondary Public Offering? What Investors Need to Know
- Bassett Furniture: Buy Now, Sit Back, and Collect Dividends
- What is Forex and How Does it Work?
- AST SpaceMobile’s Big Win: Shares Soar on New Deal With Verizon
- The How And Why of Investing in Oil Stocks
- Catch the Next Bitcoin Rally With These 3 ETFs
Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V – Free Report).
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.