Winthrop Capital Management LLC Sells 181 Shares of Visa Inc. $V

Winthrop Capital Management LLC lessened its holdings in Visa Inc. (NYSE:V) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,082 shares of the credit-card processor’s stock after selling 181 shares during the quarter. Winthrop Capital Management LLC’s holdings in Visa were worth $1,805,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of V. Midwest Trust Co bought a new stake in shares of Visa during the 2nd quarter valued at $82,874,000. LFA Lugano Financial Advisors SA grew its position in shares of Visa by 10.2% during the 2nd quarter. LFA Lugano Financial Advisors SA now owns 1,091 shares of the credit-card processor’s stock worth $387,000 after buying an additional 101 shares during the period. Acadian Asset Management LLC increased its stake in shares of Visa by 50.9% in the 2nd quarter. Acadian Asset Management LLC now owns 1,404,307 shares of the credit-card processor’s stock valued at $498,568,000 after acquiring an additional 473,978 shares during the last quarter. 1ST Source Bank boosted its stake in Visa by 1.2% during the 2nd quarter. 1ST Source Bank now owns 13,079 shares of the credit-card processor’s stock worth $4,644,000 after acquiring an additional 155 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. grew its holdings in shares of Visa by 47.2% in the 2nd quarter. Global Wealth Management Investment Advisory Inc. now owns 1,306 shares of the credit-card processor’s stock valued at $464,000 after buying an additional 419 shares during the period. 82.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

V has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft assumed coverage on Visa in a research note on Thursday, July 17th. They set a “buy” rating and a $410.00 target price for the company. Erste Group Bank downgraded Visa from a “buy” rating to a “hold” rating in a research note on Monday, September 22nd. UBS Group set a $425.00 price objective on Visa and gave the stock a “buy” rating in a report on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Visa in a report on Wednesday, October 8th. Finally, Morgan Stanley set a $398.00 target price on Visa and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Four equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $400.00.

Visa Price Performance

NYSE:V opened at $335.91 on Monday. The company has a market cap of $615.66 billion, a P/E ratio of 32.90, a P/E/G ratio of 2.03 and a beta of 0.87. The firm’s fifty day moving average price is $343.52 and its two-hundred day moving average price is $348.84. Visa Inc. has a one year low of $299.00 and a one year high of $375.51. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.08 and a quick ratio of 1.08.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.01. Visa had a net margin of 50.15% and a return on equity of 60.31%. The firm had revenue of $10.72 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the prior year, the firm earned $2.71 EPS. The business’s revenue was up 11.5% on a year-over-year basis. Equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. This is a boost from Visa’s previous quarterly dividend of $0.59. The ex-dividend date is Wednesday, November 12th. Visa’s dividend payout ratio is currently 23.11%.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $341.00, for a total value of $3,575,385.00. Following the completion of the sale, the chief executive officer directly owned 537 shares in the company, valued at approximately $183,117. The trade was a 95.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lloyd Carney sold 900 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $336.48, for a total value of $302,832.00. Following the sale, the director directly owned 2,468 shares in the company, valued at $830,432.64. This represents a 26.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 23,897 shares of company stock valued at $8,164,561. 0.13% of the stock is currently owned by company insiders.

Visa Company Profile

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.