Visa Inc. (NYSE:V) is Williams Jones Wealth Management LLC.’s 4th Largest Position

Williams Jones Wealth Management LLC. lowered its stake in shares of Visa Inc. (NYSE:V) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,131,848 shares of the credit-card processor’s stock after selling 17,772 shares during the period. Visa makes up approximately 4.3% of Williams Jones Wealth Management LLC.’s portfolio, making the stock its 4th biggest holding. Williams Jones Wealth Management LLC.’s holdings in Visa were worth $357,709,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in V. Bradley & Co. Private Wealth Management LLC purchased a new stake in Visa during the fourth quarter worth approximately $27,000. POM Investment Strategies LLC raised its stake in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after acquiring an additional 32 shares during the period. Compass Planning Associates Inc acquired a new position in shares of Visa during the 4th quarter valued at $32,000. NewSquare Capital LLC purchased a new stake in Visa during the 4th quarter worth $35,000. Finally, FPC Investment Advisory Inc. increased its holdings in Visa by 377.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock valued at $36,000 after purchasing an additional 83 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on V shares. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a research note on Thursday, February 13th. UBS Group lowered their price objective on shares of Visa from $400.00 to $395.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Citigroup reissued a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Macquarie decreased their target price on shares of Visa from $400.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Finally, BMO Capital Markets lifted their price target on shares of Visa from $370.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average target price of $362.38.

Visa Stock Up 0.7%

Shares of NYSE:V opened at $367.76 on Tuesday. The company’s fifty day moving average is $339.28 and its two-hundred day moving average is $330.43. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $369.15. The stock has a market capitalization of $678.58 billion, a price-to-earnings ratio of 37.07, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the prior year, the firm earned $2.51 EPS. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa’s payout ratio is 23.72%.

Insider Buying and Selling

In other news, insider Paul D. Fabara sold 39,350 shares of the 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 completion of the transaction, the insider now owns 26,413 shares of the company’s stock, valued at approximately $8,642,333.60. This represents a 59.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the transaction, the general counsel now directly owns 11,925 shares in the company, valued at $4,121,041.50. This trade represents a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,948 shares of company stock valued at $41,548,282. Insiders own 0.13% of the company’s stock.

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.