McAlister Sweet & Associates Inc. lowered its position in Visa Inc. (NYSE:V – Get Rating) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,284 shares of the credit-card processor’s stock after selling 56 shares during the period. Visa accounts for about 0.3% of McAlister Sweet & Associates Inc.’s investment portfolio, making the stock its 29th largest holding. McAlister Sweet & Associates Inc.’s holdings in Visa were worth $253,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Cross Staff Investments Inc lifted its holdings in shares of Visa by 0.7% during the 1st quarter. Cross Staff Investments Inc now owns 6,801 shares of the credit-card processor’s stock valued at $1,508,000 after buying an additional 47 shares during the period. Physicians Financial Services Inc. lifted its holdings in shares of Visa by 0.3% during the 1st quarter. Physicians Financial Services Inc. now owns 19,388 shares of the credit-card processor’s stock valued at $4,300,000 after buying an additional 49 shares during the period. Westhampton Capital LLC lifted its holdings in shares of Visa by 3.4% during the 1st quarter. Westhampton Capital LLC now owns 1,510 shares of the credit-card processor’s stock valued at $335,000 after buying an additional 50 shares during the period. Alhambra Investment Partners LLC raised its holdings in Visa by 1.0% in the 1st quarter. Alhambra Investment Partners LLC now owns 5,273 shares of the credit-card processor’s stock worth $1,169,000 after purchasing an additional 52 shares during the period. Finally, Beam Wealth Advisors Inc. raised its holdings in Visa by 3.3% in the 1st quarter. Beam Wealth Advisors Inc. now owns 1,609 shares of the credit-card processor’s stock worth $357,000 after purchasing an additional 52 shares during the period. Institutional investors own 81.49% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently commented on V. Truist Financial decreased their target price on Visa from $275.00 to $250.00 in a report on Thursday, June 30th. Daiwa Capital Markets cut Visa from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $230.00 to $225.00 in a report on Tuesday, August 16th. Royal Bank of Canada decreased their target price on Visa from $278.00 to $262.00 in a report on Wednesday, July 27th. UBS Group raised their target price on Visa from $292.00 to $296.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. Finally, Robert W. Baird decreased their price target on Visa from $290.00 to $265.00 in a report on Wednesday, July 20th. Four investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.64.
Insider Buying and Selling
Visa Trading Down 1.1 %
Shares of Visa stock opened at $193.30 on Friday. The firm has a market cap of $365.42 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 1.58 and a beta of 0.90. The business has a 50-day moving average price of $207.74 and a 200-day moving average price of $207.44. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.63. Visa Inc. has a twelve month low of $185.91 and a twelve month high of $236.96.
Visa Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Friday, August 12th were given a $0.375 dividend. The ex-dividend date was Thursday, August 11th. This represents a $1.50 annualized dividend and a yield of 0.78%. Visa’s dividend payout ratio is currently 22.12%.
Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.
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