Visa Inc. (NYSE:V) Shares Sold by Prosperity Wealth Management Inc.

Prosperity Wealth Management Inc. trimmed its holdings in Visa Inc. (NYSE:V) by 10.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 875 shares of the credit-card processor’s stock after selling 105 shares during the quarter. Prosperity Wealth Management Inc.’s holdings in Visa were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of V. Hibernia Wealth Partners LLC purchased a new stake in Visa during the third quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new stake in Visa during the third quarter valued at about $25,000. O Brien Wealth Partners LLC purchased a new stake in Visa during the fourth quarter valued at about $32,000. Financial Freedom LLC purchased a new stake in Visa during the fourth quarter valued at about $32,000. Finally, Nalls Sherbakoff Group LLC lifted its stake in Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after buying an additional 120 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on V. Susquehanna upped their price objective on shares of Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research note on Friday, January 26th. Citigroup upped their target price on Visa from $296.00 to $306.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Wedbush upped their target price on Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Raymond James upped their target price on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, Evercore ISI upped their target price on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $298.43.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,965 shares of company stock valued at $5,256,352. 0.19% of the stock is owned by company insiders.

Visa Trading Down 0.5 %

Shares of V stock opened at $271.37 on Friday. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $279.71 and its two-hundred day moving average is $262.62. The company has a market cap of $498.37 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. During the same quarter last year, the company posted $2.18 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities analysts predict that Visa Inc. will post 9.88 EPS for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were given a $0.52 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. Visa’s dividend payout ratio is 23.94%.

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.