Taylor & Morgan Wealth Management LLC Sells 56 Shares of Visa Inc. (NYSE:V)

Taylor & Morgan Wealth Management LLC lessened its holdings in shares of Visa Inc. (NYSE:V) by 6.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 798 shares of the credit-card processor’s stock after selling 56 shares during the quarter. Taylor & Morgan Wealth Management LLC’s holdings in Visa were worth $219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. TCI Wealth Advisors Inc. lifted its position in shares of Visa by 2.0% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 5,075 shares of the credit-card processor’s stock valued at $1,395,000 after buying an additional 98 shares in the last quarter. TCP Asset Management LLC purchased a new stake in Visa in the 3rd quarter worth $257,000. Concord Wealth Partners increased its stake in Visa by 9.6% in the 3rd quarter. Concord Wealth Partners now owns 9,685 shares of the credit-card processor’s stock worth $2,663,000 after buying an additional 852 shares in the last quarter. Investment Partners Asset Management Inc. raised its holdings in Visa by 7.8% during the third quarter. Investment Partners Asset Management Inc. now owns 2,981 shares of the credit-card processor’s stock valued at $820,000 after acquiring an additional 215 shares during the period. Finally, Vanderbilt University boosted its stake in shares of Visa by 36.6% in the third quarter. Vanderbilt University now owns 17,790 shares of the credit-card processor’s stock worth $4,891,000 after acquiring an additional 4,771 shares during the period. Institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. The Goldman Sachs Group reissued a “buy” rating and issued a $317.00 price target on shares of Visa in a report on Thursday, September 12th. Royal Bank of Canada cut their price target on Visa from $315.00 to $311.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Morgan Stanley reaffirmed an “overweight” rating and set a $322.00 price target on shares of Visa in a research note on Wednesday, September 25th. JPMorgan Chase & Co. lifted their price target on Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Finally, William Blair upgraded Visa to a “strong-buy” rating in a research report on Tuesday, July 23rd. Four investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $314.19.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $148,687.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.19% of the company’s stock.

Visa Trading Down 0.8 %

NYSE:V opened at $281.96 on Wednesday. The firm has a market cap of $515.69 billion, a P/E ratio of 31.50, a P/E/G ratio of 1.95 and a beta of 0.96. Visa Inc. has a one year low of $230.03 and a one year high of $293.07. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a 50-day simple moving average of $279.65 and a 200-day simple moving average of $273.26.

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.