J. W. Coons Advisors LLC Sells 442 Shares of Visa Inc. (NYSE:V)

J. W. Coons Advisors LLC lessened its stake in Visa Inc. (NYSE:V) by 5.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,251 shares of the credit-card processor’s stock after selling 442 shares during the period. J. W. Coons Advisors LLC’s holdings in Visa were worth $2,292,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of V. Swedbank AB raised its position in Visa by 10.7% in the 3rd quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor’s stock worth $566,153,000 after purchasing an additional 199,440 shares during the last quarter. Howard Capital Management Group LLC raised its position in Visa by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock worth $29,242,000 after purchasing an additional 610 shares during the last quarter. Pettinga Financial Advisors LLC bought a new position in Visa in the 3rd quarter worth approximately $228,000. Alpha Financial Partners LLC bought a new position in Visa in the 3rd quarter worth approximately $267,000. Finally, J.W. Cole Advisors Inc. raised its position in shares of Visa by 8.1% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 25,833 shares of the credit-card processor’s stock valued at $7,103,000 after acquiring an additional 1,945 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Activity

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the sale, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the sale, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,885 shares of company stock worth $19,161,447 in the last quarter. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the subject of several recent research reports. Raymond James reiterated an “outperform” rating and set a $393.00 target price (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Bank of America upped their target price on shares of Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Susquehanna upped their target price on shares of Visa from $395.00 to $410.00 and gave the company a “positive” rating in a research report on Friday, February 21st. Jefferies Financial Group upped their target price on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $353.96.

Visa Price Performance

V stock opened at $352.00 on Wednesday. The stock has a 50-day moving average price of $330.49 and a two-hundred day moving average price of $303.94. The stock has a market cap of $653.93 billion, a PE ratio of 35.48, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97. 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 $357.15.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Equities analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

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