MJP Associates Inc. ADV Reduces Stock Position in Visa Inc. (NYSE:V)

MJP Associates Inc. ADV lowered its stake in Visa Inc. (NYSE:VGet Rating) by 2.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,559 shares of the credit-card processor’s stock after selling 95 shares during the quarter. MJP Associates Inc. ADV’s holdings in Visa were worth $701,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Visa during the 4th quarter worth $2,740,577,000. Wellington Management Group LLP boosted its stake in shares of Visa by 33.1% during the 1st quarter. Wellington Management Group LLP now owns 22,222,170 shares of the credit-card processor’s stock worth $4,928,211,000 after acquiring an additional 5,527,427 shares during the last quarter. Lone Pine Capital LLC purchased a new position in shares of Visa during the 4th quarter worth $1,047,495,000. GQG Partners LLC boosted its stake in shares of Visa by 46.2% during the 4th quarter. GQG Partners LLC now owns 11,289,146 shares of the credit-card processor’s stock worth $2,446,122,000 after acquiring an additional 3,567,771 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Visa by 40.0% during the 1st quarter. Invesco Ltd. now owns 9,910,380 shares of the credit-card processor’s stock worth $2,197,824,000 after acquiring an additional 2,830,580 shares during the last quarter. Hedge funds and other institutional investors own 81.49% of the company’s stock.

Wall Street Analyst Weigh In

V has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of Visa from $284.00 to $291.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 27th. Susquehanna lowered their target price on shares of Visa from $290.00 to $260.00 in a research note on Thursday, July 28th. Citigroup lowered their target price on shares of Visa from $270.00 to $254.00 in a research note on Tuesday, July 26th. Royal Bank of Canada lowered their target price on shares of Visa from $278.00 to $262.00 in a research note on Wednesday, July 27th. Finally, Robert W. Baird lowered their target price on shares of Visa from $290.00 to $265.00 in a research note on Wednesday, July 20th. Four research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $257.64.

Insider Activity at Visa

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company’s stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $195.37, for a total transaction of $1,758,330.00. Following the transaction, the chief executive officer now directly owns 159,887 shares in the company, valued at approximately $31,237,123.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.21% of the stock is currently owned by insiders.

Visa Stock Performance

Visa stock opened at $193.30 on Monday. The company’s 50-day moving average price is $207.53 and its 200-day moving average price is $207.32. Visa Inc. has a twelve month low of $185.91 and a twelve month high of $236.96. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.63. The company has a market cap of $365.42 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 1.56 and a beta of 0.90.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Friday, August 12th were issued a dividend of $0.375 per share. The ex-dividend date was Thursday, August 11th. This represents a $1.50 annualized dividend and a yield of 0.78%. Visa’s payout ratio is 22.12%.

Visa Company Profile

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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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Institutional Ownership by Quarter for Visa (NYSE:V)

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