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:
Community Trust & Investment Co. lessened its stake in Visa Inc. (NYSE:V – Get 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 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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