Joel Isaacson & Co. LLC Sells 123 Shares of Visa Inc. (NYSE:V)

Posted by Defense World Staff on Apr 9th, 2023

Joel Isaacson & Co. LLC lowered its holdings in shares of Visa Inc. (NYSE:V – Get Rating) by 1.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,298 shares of the credit-card processor’s stock after selling 123 shares during the period. Joel Isaacson & Co. LLC’s holdings in Visa were worth $1,516,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Global Wealth Strategies & Associates purchased a new position in shares of Visa in the fourth quarter worth $26,000. JDM Financial Group LLC bought a new stake in Visa in the 4th quarter worth $29,000. McClarren Financial Advisors Inc. purchased a new position in shares of Visa in the third quarter valued at about $26,000. McElhenny Sheffield Capital Management LLC bought a new position in shares of Visa during the fourth quarter valued at about $31,000. Finally, Cowa LLC purchased a new stake in shares of Visa during the third quarter worth about $29,000. Hedge funds and other institutional investors own 81.87% of the company’s stock.

Insiders Place Their Bets

In other news, President Ryan Mcinerney sold 58,197 shares of the firm’s stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $62.47, for a total transaction of $3,635,566.59. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, President Ryan Mcinerney sold 58,197 shares of the stock in a transaction on Monday, January 9th. The stock was sold at an average price of $62.47, for a total transaction of $3,635,566.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Rajat Taneja sold 61,721 shares of the firm’s stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $229.92, for a total value of $14,190,892.32. Following the completion of the transaction, the insider now owns 232,112 shares in the company, valued at $53,367,191.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 191,312 shares of company stock valued at $33,751,165. 0.22% of the stock is owned by insiders.

Visa Stock Down 1.0 %

NYSE:V opened at $225.99 on Friday. The firm has a market cap of $425.09 billion, a P/E ratio of 31.61, a P/E/G ratio of 1.77 and a beta of 0.96. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a 50-day simple moving average of $223.74 and a two-hundred day simple moving average of $210.95. Visa Inc. has a fifty-two week low of $174.60 and a fifty-two week high of $234.30.

Visa (NYSE:V – Get Rating) last released its quarterly earnings data on Thursday, January 26th. The credit-card processor reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.17. The business had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.70 billion. Visa had a return on equity of 49.95% and a net margin of 50.28%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.81 EPS. Analysts predict that Visa Inc. will post 8.43 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Friday, February 10th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.80%. This is an increase from Visa’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, February 9th. Visa’s dividend payout ratio (DPR) is presently 25.17%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on Visa from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, January 27th. Wolfe Research boosted their target price on Visa from $240.00 to $255.00 in a research note on Thursday, January 5th. Raymond James raised their price target on Visa from $261.00 to $281.00 and gave the stock an “outperform” rating in a research note on Friday, January 27th. UBS Group reduced their price objective on shares of Visa from $290.00 to $287.00 and set a “buy” rating on the stock in a research report on Thursday, December 15th. Finally, BMO Capital Markets raised their target price on shares of Visa from $249.00 to $253.00 and gave the stock an “outperform” rating in a research report on Friday, January 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $259.11.

About Visa

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Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).