RGT Wealth Advisors LLC Sells 433 Shares of Visa Inc. (NYSE:V)

RGT Wealth Advisors LLC reduced its position in shares of Visa Inc. (NYSE:VGet Rating) by 16.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,212 shares of the credit-card processor’s stock after selling 433 shares during the quarter. RGT Wealth Advisors LLC’s holdings in Visa were worth $436,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in V. Cross Staff Investments Inc increased its stake in Visa by 0.7% in the 1st quarter. Cross Staff Investments Inc now owns 6,801 shares of the credit-card processor’s stock worth $1,508,000 after acquiring an additional 47 shares during the last quarter. Physicians Financial Services Inc. increased its stake in Visa by 0.3% in the 1st quarter. Physicians Financial Services Inc. now owns 19,388 shares of the credit-card processor’s stock worth $4,300,000 after acquiring an additional 49 shares during the last quarter. Westhampton Capital LLC increased its stake in Visa by 3.4% in the 1st quarter. Westhampton Capital LLC now owns 1,510 shares of the credit-card processor’s stock worth $335,000 after acquiring an additional 50 shares during the last quarter. Sanders Morris Harris LLC increased its position in shares of Visa by 0.6% during the 2nd quarter. Sanders Morris Harris LLC now owns 9,090 shares of the credit-card processor’s stock valued at $1,802,000 after purchasing an additional 50 shares during the last quarter. Finally, Alhambra Investment Partners LLC increased its position in shares of Visa by 1.0% during the 1st quarter. Alhambra Investment Partners LLC now owns 5,273 shares of the credit-card processor’s stock valued at $1,169,000 after purchasing an additional 52 shares during the last quarter. 81.49% of the stock is currently owned by institutional investors.

Visa Trading Down 2.6 %

Shares of NYSE V opened at $187.02 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market capitalization of $353.55 billion, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 1.55 and a beta of 0.90. Visa Inc. has a 1-year low of $185.91 and a 1-year high of $236.96. The business has a fifty day moving average price of $206.70 and a 200 day moving average price of $207.03.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Friday, August 12th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Thursday, August 11th. Visa’s dividend payout ratio (DPR) is currently 22.12%.

Analyst Upgrades and Downgrades

V has been the topic of several analyst reports. Barclays boosted their target price on Visa from $263.00 to $271.00 and gave the company an “overweight” rating in a research report on Thursday, July 28th. Citigroup cut their target price on Visa from $270.00 to $254.00 in a research report on Tuesday, July 26th. Mizuho cut their target price on Visa from $235.00 to $215.00 and set a “neutral” rating on the stock in a research report on Friday, July 1st. Macquarie cut their target price on Visa from $270.00 to $260.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. Finally, UBS Group boosted their target price on Visa from $292.00 to $296.00 and gave the company a “buy” rating in a research report on Wednesday, July 27th. Four research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $257.64.

Insider Buying and Selling

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $212.11, for a total transaction of $1,908,990.00. Following the completion of the sale, the chief executive officer now directly owns 156,887 shares in the company, valued at approximately $33,277,301.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by company insiders.

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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