Missouri Trust & Investment Co Decreases Stock Position in Visa Inc. (NYSE:V)

Missouri Trust & Investment Co lowered its stake in Visa Inc. (NYSE:VGet Rating) by 12.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,929 shares of the credit-card processor’s stock after selling 435 shares during the quarter. Missouri Trust & Investment Co’s holdings in Visa were worth $650,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Joseph Group Capital Management bought a new stake in shares of Visa in the 4th quarter worth about $1,429,000. Rise Advisors LLC bought a new stake in shares of Visa in the 4th quarter worth about $35,000. James Investment Research Inc. increased its holdings in shares of Visa by 1,400.0% in the 1st quarter. James Investment Research Inc. now owns 180 shares of the credit-card processor’s stock worth $40,000 after buying an additional 168 shares during the last quarter. Rather & Kittrell Inc. bought a new stake in shares of Visa in the 4th quarter worth about $43,000. Finally, Security Financial Services INC. bought a new stake in shares of Visa in the 4th quarter worth about $44,000. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Visa Stock Down 1.6 %

Shares of V traded down $3.41 during mid-day trading on Wednesday, hitting $213.73. The company’s stock had a trading volume of 109,892 shares, compared to its average volume of 6,667,082. The company’s 50-day moving average is $205.34 and its 200-day moving average is $210.64. Visa Inc. has a 52-week low of $185.91 and a 52-week high of $236.96. The firm has a market capitalization of $404.04 billion, a price-to-earnings ratio of 32.03, a PEG ratio of 1.76 and a beta of 0.89. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.63.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Friday, August 12th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $1.50 dividend on an annualized basis and a yield of 0.70%. Visa’s payout ratio is 22.12%.

Insider Activity at Visa

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were 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 owns 156,887 shares of the company’s stock, valued at $33,277,301.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 27,000 shares of company stock valued at $5,560,740 over the last 90 days. Insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Susquehanna reduced their target price on shares of Visa from $290.00 to $260.00 in a report on Thursday, July 28th. Mizuho reduced their target price on shares of Visa from $235.00 to $215.00 and set a “neutral” rating on the stock in a report on Friday, July 1st. Barclays upped their price target on shares of Visa from $263.00 to $271.00 and gave the company an “overweight” rating in a report on Thursday, July 28th. Wells Fargo & Company cut their price target on shares of Visa from $280.00 to $255.00 and set an “overweight” rating on the stock in a report on Wednesday, July 13th. Finally, StockNews.com upgraded shares of Visa from a “hold” rating to a “buy” rating in a report on Thursday, April 28th. Four analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $257.64.

About Visa

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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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