Traverso Chambers Private Wealth Management LLC Has $638,000 Position in Visa Inc. (NYSE:V)

Traverso Chambers Private Wealth Management LLC reduced its stake in shares of Visa Inc. (NYSE:VGet Rating) by 7.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,238 shares of the credit-card processor’s stock after selling 243 shares during the quarter. Traverso Chambers Private Wealth Management LLC’s holdings in Visa were worth $638,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Trust Co. of Virginia VA grew its position in shares of Visa by 0.9% during the 1st quarter. Trust Co. of Virginia VA now owns 82,676 shares of the credit-card processor’s stock worth $18,335,000 after buying an additional 768 shares during the period. Relyea Zuckerberg Hanson LLC grew its position in shares of Visa by 21.4% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 3,629 shares of the credit-card processor’s stock valued at $774,000 after purchasing an additional 640 shares during the period. Adams Chetwood Wealth Management LLC grew its position in shares of Visa by 13.2% in the 1st quarter. Adams Chetwood Wealth Management LLC now owns 4,334 shares of the credit-card processor’s stock valued at $961,000 after purchasing an additional 507 shares during the period. Newman Dignan & Sheerar Inc. grew its position in shares of Visa by 1.7% in the 1st quarter. Newman Dignan & Sheerar Inc. now owns 6,088 shares of the credit-card processor’s stock valued at $1,350,000 after purchasing an additional 100 shares during the period. Finally, Sugarloaf Wealth Management LLC grew its position in shares of Visa by 4.3% in the 1st quarter. Sugarloaf Wealth Management LLC now owns 13,155 shares of the credit-card processor’s stock valued at $2,938,000 after purchasing an additional 548 shares during the period. 81.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Visa

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of $212.11, for a total value of $1,908,990.00. Following the sale, the chief executive officer now owns 156,887 shares in the company, valued at approximately $33,277,301.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is owned by company insiders.

Visa Trading Down 0.7 %

Shares of Visa stock opened at $185.79 on Friday. Visa Inc. has a 12-month low of $184.66 and a 12-month high of $236.96. The business’s 50 day moving average is $206.30 and its 200-day moving average is $206.99. 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 stock has a market cap of $351.22 billion, a P/E ratio of 27.40, a P/E/G ratio of 1.51 and a beta of 0.90.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Friday, August 12th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Thursday, August 11th. Visa’s dividend payout ratio (DPR) is presently 22.12%.

Analyst Upgrades and Downgrades

V has been the subject of several research analyst reports. Wells Fargo & Company decreased their price objective on Visa from $280.00 to $255.00 and set an “overweight” rating for the company in a research report on Wednesday, July 13th. Susquehanna decreased their price objective on Visa from $290.00 to $260.00 in a research report on Thursday, July 28th. Susquehanna Bancshares decreased their price objective on Visa from $290.00 to $260.00 in a research report on Thursday, July 28th. Barclays boosted their price objective on Visa from $263.00 to $271.00 and gave the company an “overweight” rating in a research report on Thursday, July 28th. Finally, Piper Sandler cut their target price on Visa from $239.00 to $204.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 6th. Four investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $257.64.

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.

See Also

Institutional Ownership by Quarter for Visa (NYSE:V)

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