Visa Inc. (NYSE:V) Shares Sold by Cetera Trust Company N.A

Cetera Trust Company N.A lessened its stake in Visa Inc. (NYSE:V) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,176 shares of the credit-card processor’s stock after selling 95 shares during the quarter. Visa comprises about 2.1% of Cetera Trust Company N.A’s holdings, making the stock its 8th largest holding. Cetera Trust Company N.A’s holdings in Visa were worth $3,216,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. MBB Public Markets I LLC boosted its holdings in Visa by 2,662.4% in the second quarter. MBB Public Markets I LLC now owns 112,514 shares of the credit-card processor’s stock valued at $29,532,000 after purchasing an additional 108,441 shares during the last quarter. Maverick Capital Ltd. boosted its stake in shares of Visa by 28.3% during the 2nd quarter. Maverick Capital Ltd. now owns 590,112 shares of the credit-card processor’s stock valued at $154,887,000 after buying an additional 130,254 shares during the last quarter. Matrix Private Capital Group LLC grew its position in shares of Visa by 2.3% during the second quarter. Matrix Private Capital Group LLC now owns 2,244 shares of the credit-card processor’s stock worth $589,000 after buying an additional 50 shares in the last quarter. Marshfield Associates increased its stake in shares of Visa by 0.3% in the second quarter. Marshfield Associates now owns 925,954 shares of the credit-card processor’s stock worth $243,035,000 after buying an additional 2,825 shares during the last quarter. Finally, Makena Capital Management LLC raised its holdings in Visa by 1.7% in the second quarter. Makena Capital Management LLC now owns 61,525 shares of the credit-card processor’s stock valued at $16,148,000 after acquiring an additional 1,020 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Activity

In other news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Visa Price Performance

NYSE V opened at $330.20 on Friday. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $331.09. The firm has a market capitalization of $615.11 billion, a PE ratio of 33.94, a P/E/G ratio of 2.17 and a beta of 0.96. The company’s 50 day simple moving average is $314.54 and its 200 day simple moving average is $289.98. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.13. The company had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the firm earned $2.33 EPS. As a group, equities research analysts forecast that Visa Inc. will post 11.19 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.71%. This is an increase from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. Visa’s dividend payout ratio is presently 24.25%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Robert W. Baird boosted their target price on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Bank of America upped their price objective on Visa from $314.00 to $331.00 and gave the company a “neutral” rating in a research note on Wednesday. Susquehanna boosted their price target on Visa from $339.00 to $375.00 and gave the company a “positive” rating in a report on Wednesday, December 11th. Piper Sandler raised their price objective on Visa from $322.00 to $368.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Morgan Stanley boosted their target price on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $334.58.

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.