Visa Inc. (NYSE:V) Stock Position Lowered by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC reduced its holdings in Visa Inc. (NYSE:V) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,304 shares of the credit-card processor’s stock after selling 80 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Visa were worth $412,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of V. ST Germain D J Co. Inc. grew its stake in Visa by 0.4% in the fourth quarter. ST Germain D J Co. Inc. now owns 28,734 shares of the credit-card processor’s stock valued at $9,081,000 after purchasing an additional 114 shares in the last quarter. ORG Partners LLC grew its stake in shares of Visa by 28.6% in the 4th quarter. ORG Partners LLC now owns 5,307 shares of the credit-card processor’s stock valued at $1,680,000 after buying an additional 1,179 shares in the last quarter. Baker Tilly Wealth Management LLC increased its holdings in Visa by 5.2% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 12,117 shares of the credit-card processor’s stock worth $3,829,000 after buying an additional 601 shares during the last quarter. CJM Wealth Advisers Ltd. raised its position in Visa by 1.6% during the fourth quarter. CJM Wealth Advisers Ltd. now owns 3,914 shares of the credit-card processor’s stock valued at $1,237,000 after acquiring an additional 63 shares in the last quarter. Finally, Fortitude Family Office LLC lifted its stake in Visa by 69.2% in the fourth quarter. Fortitude Family Office LLC now owns 2,587 shares of the credit-card processor’s stock valued at $818,000 after acquiring an additional 1,058 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Visa Price Performance

Shares of V stock traded down $5.40 during trading hours on Friday, reaching $307.20. 2,064,595 shares of the company were exchanged, compared to its average volume of 4,701,834. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $572.28 billion, a price-to-earnings ratio of 31.57, a P/E/G ratio of 2.11 and a beta of 0.96. The stock’s fifty day moving average is $311.80 and its two-hundred day moving average is $286.63. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $321.61.

Visa (NYSE:V) last released its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating the consensus estimate of $2.58 by $0.13. The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the firm earned $2.33 EPS. Sell-side analysts forecast that Visa Inc. will post 11.23 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.77%. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio is currently 24.25%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on V shares. Piper Sandler raised their price target on shares of Visa from $319.00 to $322.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Morgan Stanley increased their price objective on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Royal Bank of Canada boosted their target price on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. BMO Capital Markets increased their price target on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, TD Cowen raised their target price on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-four 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $330.85.

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.