Visa Inc. (NYSE:V) Shares Sold by Bedel Financial Consulting Inc.

Bedel Financial Consulting Inc. trimmed its position in shares of Visa Inc. (NYSE:V) by 4.2% in the fourth quarter, HoldingsChannel reports. The firm owned 2,832 shares of the credit-card processor’s stock after selling 124 shares during the period. Bedel Financial Consulting Inc.’s holdings in Visa were worth $990,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. WMG Financial Advisors LLC boosted its position in Visa by 22.0% during the 4th quarter. WMG Financial Advisors LLC now owns 1,260 shares of the credit-card processor’s stock worth $398,000 after acquiring an additional 227 shares during the period. Unified Investment Management bought a new stake in shares of Visa during the fourth quarter valued at about $814,000. Marathon Asset Management Ltd raised its stake in shares of Visa by 8.8% during the fourth quarter. Marathon Asset Management Ltd now owns 211,792 shares of the credit-card processor’s stock valued at $66,937,000 after purchasing an additional 17,071 shares in the last quarter. Meridian Wealth Management LLC lifted its holdings in Visa by 5.7% in the fourth quarter. Meridian Wealth Management LLC now owns 21,863 shares of the credit-card processor’s stock worth $6,909,000 after purchasing an additional 1,186 shares during the period. Finally, Detalus Advisors LLC grew its position in Visa by 16.8% in the 4th quarter. Detalus Advisors LLC now owns 2,768 shares of the credit-card processor’s stock valued at $875,000 after buying an additional 399 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the transaction, the chief executive officer now directly owns 537 shares of the company’s stock, valued at $194,931. This represents a 94.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 64,505 shares of company stock worth $22,290,507 in the last quarter. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

V has been the topic of a number of recent analyst reports. Raymond James restated an “outperform” rating and set a $393.00 price target (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Piper Sandler restated an “overweight” rating and issued a $383.00 target price (up from $368.00) on shares of Visa in a research report on Friday, January 31st. JPMorgan Chase & Co. increased their price target on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $353.96.

Visa Stock Performance

Shares of V stock opened at $351.88 on Wednesday. The stock’s fifty day simple moving average is $334.54 and its 200-day simple moving average is $307.24. The company has a market capitalization of $653.71 billion, a price-to-earnings ratio of 35.47, a P/E/G ratio of 2.33 and a beta of 0.95. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54.

Visa (NYSE:V) last released its earnings results 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, sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.67%. Visa’s dividend payout ratio is presently 23.79%.

Visa 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.