United Asset Strategies Inc. lessened its holdings in shares of Visa Inc (NYSE:V) by 11.5% in the first quarter, HoldingsChannel reports. The fund owned 3,262 shares of the credit-card processor’s stock after selling 425 shares during the period. United Asset Strategies Inc.’s holdings in Visa were worth $526,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of the company. Aviance Capital Partners LLC grew its holdings in shares of Visa by 17.9% during the 4th quarter. Aviance Capital Partners LLC now owns 31,412 shares of the credit-card processor’s stock worth $5,902,000 after purchasing an additional 4,766 shares in the last quarter. Bogart Wealth LLC lifted its position in Visa by 10.1% in the fourth quarter. Bogart Wealth LLC now owns 4,146 shares of the credit-card processor’s stock worth $779,000 after purchasing an additional 380 shares during the period. Foundations Investment Advisors LLC lifted its position in Visa by 2.9% in the first quarter. Foundations Investment Advisors LLC now owns 5,750 shares of the credit-card processor’s stock worth $880,000 after purchasing an additional 161 shares during the period. Banque Cantonale Vaudoise acquired a new stake in Visa during the fourth quarter worth $14,190,000. Finally, Blair William & Co. IL raised its stake in shares of Visa by 0.3% in the 4th quarter. Blair William & Co. IL now owns 2,653,438 shares of the credit-card processor’s stock valued at $498,581,000 after buying an additional 7,371 shares in the last quarter. 81.88% of the stock is currently owned by institutional investors.
NYSE:V traded down $0.62 during trading hours on Friday, hitting $190.00. The stock had a trading volume of 83,704 shares, compared to its average volume of 9,968,162. The business’s 50 day moving average is $172.89 and its 200-day moving average is $183.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $376.77 billion, a price-to-earnings ratio of 34.35, a P/E/G ratio of 3.08 and a beta of 0.92. Visa Inc has a one year low of $133.93 and a one year high of $214.17.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $1.20 annualized dividend and a dividend yield of 0.63%. Visa’s dividend payout ratio (DPR) is currently 22.06%.
In related news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the business’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of $161.40, for a total value of $1,129,800.00. Following the sale, the chief executive officer now directly owns 142,090 shares of the company’s stock, valued at approximately $22,933,326. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders have sold 21,000 shares of company stock worth $3,620,540. 0.19% of the stock is currently owned by insiders.
A number of equities research analysts have weighed in on V shares. UBS Group decreased their price objective on Visa from $190.00 to $188.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Jefferies Financial Group lowered Visa from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $190.00 to $180.00 in a research note on Wednesday, April 15th. Stephens reduced their target price on shares of Visa from $228.00 to $192.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. SunTrust Banks boosted their price target on shares of Visa from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Cantor Fitzgerald raised their price target on Visa from $200.00 to $228.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Five analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $202.75.
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; and offers fraud protection for account holders and assured payment for merchants.
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