Visa Inc. (NYSE:V) Shares Sold by Tufton Capital Management

Tufton Capital Management trimmed its holdings in Visa Inc. (NYSE:V) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,935 shares of the credit-card processor’s stock after selling 35 shares during the period. Tufton Capital Management’s holdings in Visa were worth $928,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Veridan Wealth LLC bought a new stake in shares of Visa in the 4th quarter valued at approximately $264,000. Waterway Wealth Management LLC bought a new stake in shares of Visa in the 4th quarter valued at approximately $232,000. Dynasty Wealth Management LLC increased its holdings in shares of Visa by 2.9% in the 4th quarter. Dynasty Wealth Management LLC now owns 12,542 shares of the credit-card processor’s stock valued at $3,964,000 after acquiring an additional 352 shares during the last quarter. First American Bank increased its holdings in shares of Visa by 0.4% in the 4th quarter. First American Bank now owns 120,451 shares of the credit-card processor’s stock valued at $38,067,000 after acquiring an additional 471 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Visa by 4.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 13,391 shares of the credit-card processor’s stock valued at $4,232,000 after acquiring an additional 610 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on V. Raymond James reiterated an “outperform” rating and issued a $393.00 price target (up from $374.00) on shares of Visa in a report on Friday, January 31st. Susquehanna upped their price objective on Visa from $395.00 to $410.00 and gave the stock a “positive” rating in a research note on Friday, February 21st. William Blair restated an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Piper Sandler restated an “overweight” rating and set a $383.00 price objective (up from $368.00) on shares of Visa in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. upped their price objective on Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average target price of $353.96.

Visa Trading Up 2.1 %

Shares of Visa stock opened at $363.33 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a market cap of $674.99 billion, a price-to-earnings ratio of 36.63, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97. The business has a fifty day simple moving average of $333.03 and a 200-day simple moving average of $305.66. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $364.00.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, equities analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s dividend payout ratio is 23.79%.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the sale, the general counsel now directly owns 11,925 shares of the company’s stock, valued at approximately $4,054,500. This represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,885 shares of company stock valued at $19,161,447 over the last three months. Insiders own 0.13% of the company’s stock.

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.