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Community Trust & Investment Co. Sells 2,177 Shares of Visa Inc. (NYSE:V)

Community Trust & Investment Co. Sells 2,177 Shares of Visa Inc. (NYSE:V) #Community #Trust #Investment #Sells #Shares #Visa #NYSEV Welcome to Americanah Blog, here is the new story we have for you today:

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Community Trust & Investment Co. lessened its stake in Visa Inc. (NYSE:VGet Rating) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 157,682 shares of the credit-card processor’s stock after selling 2,177 shares during the period. Visa accounts for about 2.9% of Community Trust & Investment Co.’s holdings, making the stock its 6th biggest position. Community Trust & Investment Co.’s holdings in Visa were worth $31,046,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Clark Capital Management Group Inc. increased its position in Visa by 33.6% during the 4th quarter. Clark Capital Management Group Inc. now owns 12,667 shares of the credit-card processor’s stock worth $2,745,000 after purchasing an additional 3,189 shares during the period. Trail Ridge Investment Advisors LLC acquired a new stake in shares of Visa in the 4th quarter worth approximately $367,000. Maverick Capital Ltd. grew its holdings in shares of Visa by 54.5% in the 4th quarter. Maverick Capital Ltd. now owns 1,118,192 shares of the credit-card processor’s stock worth $242,323,000 after acquiring an additional 394,346 shares during the period. Clearstead Advisors LLC grew its holdings in shares of Visa by 4.3% in the 4th quarter. Clearstead Advisors LLC now owns 30,096 shares of the credit-card processor’s stock worth $6,522,000 after acquiring an additional 1,234 shares during the period. Finally, Rowland & Co. Investment Counsel ADV grew its holdings in shares of Visa by 8.3% in the 4th quarter. Rowland & Co. Investment Counsel ADV now owns 1,162 shares of the credit-card processor’s stock worth $252,000 after acquiring an additional 89 shares during the period. Institutional investors and hedge funds own 81.49% of the company’s stock.

Visa Stock Performance

Shares of V stock opened at $187.02 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.43 and a current ratio of 1.43. Visa Inc. has a one year low of $185.91 and a one year high of $236.96. The company’s 50-day simple moving average is $206.70 and its 200-day simple moving average is $207.03. The stock has a market capitalization of $353.55 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 1.55 and a beta of 0.90.

Visa Dividend Announcement

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

Insider Transactions at Visa

In other news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the 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 owns 159,887 shares of the company’s stock, valued at $31,237,123.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Mizuho lowered their price target on Visa from $235.00 to $215.00 and set a “neutral” rating on the stock in a report on Friday, July 1st. Morgan Stanley upped their target price on Visa from $284.00 to $291.00 and gave the company an “overweight” rating in a research note on Wednesday, July 27th. Susquehanna reduced their target price on Visa from $290.00 to $260.00 in a research note on Thursday, July 28th. Truist Financial reduced their target price on Visa from $275.00 to $250.00 in a research note on Thursday, June 30th. Finally, Robert W. Baird reduced their target price on Visa from $290.00 to $265.00 in a research note on Wednesday, July 20th. Four analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $257.64.

Visa 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

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:VGet Rating).

Institutional Ownership by Quarter for Visa (NYSE:V)

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