Nichols & Pratt Advisers LLP MA Cuts Stock Position in Visa Inc. (NYSE:V)

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Nichols & Pratt Advisers LLP MA trimmed its position in shares of Visa Inc. (NYSE:V) by 0.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,208 shares of the credit-card processor’s stock after selling 50 shares during the quarter. Nichols & Pratt Advisers LLP MA’s holdings in Visa were worth $1,443,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Westhampton Capital LLC boosted its position in shares of Visa by 3.8% in the 3rd quarter. Westhampton Capital LLC now owns 1,375 shares of the credit-card processor’s stock worth $275,000 after purchasing an additional 50 shares during the last quarter. Emerald Advisors LLC boosted its position in shares of Visa by 2.1% in the second quarter. Emerald Advisors LLC now owns 2,428 shares of the credit-card processor’s stock worth $469,000 after purchasing an additional 51 shares during the period. Trellis Advisors LLC increased its stake in shares of Visa by 2.2% in the second quarter. Trellis Advisors LLC now owns 2,419 shares of the credit-card processor’s stock worth $467,000 after purchasing an additional 52 shares in the last quarter. Atlas Private Wealth Management raised its position in shares of Visa by 0.6% during the 2nd quarter. Atlas Private Wealth Management now owns 9,459 shares of the credit-card processor’s stock valued at $1,827,000 after purchasing an additional 53 shares during the period. Finally, Smith Moore & CO. lifted its stake in shares of Visa by 0.7% during the 2nd quarter. Smith Moore & CO. now owns 8,062 shares of the credit-card processor’s stock valued at $1,557,000 after buying an additional 53 shares in the last quarter. 80.74% of the stock is owned by institutional investors.

A number of equities research analysts have commented on the company. Mizuho reissued a “buy” rating and set a $250.00 price target on shares of Visa in a report on Thursday, October 8th. Wedbush reaffirmed a “buy” rating and set a $220.00 price target on shares of Visa in a research note on Monday, October 5th. Barclays lifted their price objective on shares of Visa from $225.00 to $235.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. JPMorgan Chase & Co. boosted their target price on shares of Visa from $186.00 to $229.00 and gave the stock an “overweight” rating in a report on Monday, August 17th. Finally, Jefferies Financial Group increased their price target on shares of Visa from $185.00 to $205.00 and gave the company a “hold” rating in a report on Friday, October 2nd. Six investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $217.14.

In related news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $212.00, for a total transaction of $1,484,000.00. Following the completion of the sale, the chief executive officer now directly owns 127,090 shares in the company, valued at approximately $26,943,080. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rajat Taneja sold 45,036 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $214.00, for a total value of $9,637,704.00. Following the sale, the insider now directly owns 230,851 shares in the company, valued at approximately $49,402,114. The disclosure for this sale can be found here. Insiders have sold a total of 113,072 shares of company stock worth $23,627,774 in the last three months. Insiders own 0.19% of the company’s stock.

NYSE:V traded down $3.69 during midday trading on Friday, hitting $203.88. The stock had a trading volume of 9,654,712 shares, compared to its average volume of 9,953,540. The stock has a 50-day moving average of $200.14 and a 200 day moving average of $197.12. The company has a market capitalization of $396.01 billion, a price-to-earnings ratio of 38.83, a PEG ratio of 2.59 and a beta of 0.91. Visa Inc. has a one year low of $133.93 and a one year high of $217.65. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.59.

Visa (NYSE:V) last posted its quarterly earnings results on Wednesday, October 28th. The credit-card processor reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.03. Visa had a return on equity of 40.65% and a net margin of 51.37%. On average, sell-side analysts anticipate that Visa Inc. will post 5.01 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be given a dividend of $0.32 per share. This is an increase from Visa’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, November 12th. This represents a $1.28 dividend on an annualized basis and a yield of 0.63%. Visa’s dividend payout ratio (DPR) is 23.53%.

About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a 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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