Poehling Capital Management INC. Has $5.05 Million Holdings in Visa Inc. (NYSE:V)

Poehling Capital Management INC. lessened its position in shares of Visa Inc. (NYSE:VGet Rating) by 5.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,787 shares of the credit-card processor’s stock after selling 1,288 shares during the quarter. Visa makes up about 1.6% of Poehling Capital Management INC.’s investment portfolio, making the stock its 20th largest position. Poehling Capital Management INC.’s holdings in Visa were worth $5,053,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of V. Qube Research & Technologies Ltd acquired a new stake in shares of Visa during the 4th quarter worth approximately $16,496,000. WINTON GROUP Ltd bought a new position in shares of Visa during the 4th quarter worth approximately $531,000. Associated Banc Corp lifted its position in shares of Visa by 1.1% during the 4th quarter. Associated Banc Corp now owns 14,602 shares of the credit-card processor’s stock worth $3,165,000 after buying an additional 152 shares during the period. Ropes Wealth Advisors LLC lifted its position in shares of Visa by 12.6% during the 4th quarter. Ropes Wealth Advisors LLC now owns 8,072 shares of the credit-card processor’s stock worth $1,749,000 after buying an additional 905 shares during the period. Finally, Magnus Financial Group LLC lifted its position in shares of Visa by 2.9% during the 4th quarter. Magnus Financial Group LLC now owns 2,699 shares of the credit-card processor’s stock worth $585,000 after buying an additional 77 shares during the period. Institutional investors and hedge funds own 81.49% of the company’s stock.

Visa Stock Up 2.2 %

Shares of Visa stock opened at $205.20 on Friday. Visa Inc. has a 12 month low of $185.91 and a 12 month high of $236.96. 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 $387.91 billion, a PE ratio of 30.27, a price-to-earnings-growth ratio of 1.66 and a beta of 0.90. The business has a fifty day simple moving average of $207.79 and a 200 day simple moving average of $207.85.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 12th were paid a $0.375 dividend. The ex-dividend date was Thursday, August 11th. This represents a $1.50 dividend on an annualized basis and a yield of 0.73%. Visa’s payout ratio is 22.12%.

Analyst Ratings Changes

Several research firms recently commented on V. Royal Bank of Canada cut their target price on Visa from $278.00 to $262.00 in a research report on Wednesday, July 27th. Piper Sandler cut their price objective on Visa from $239.00 to $204.00 and set an “overweight” rating for the company in a research report on Wednesday, July 6th. Wolfe Research cut their price objective on Visa from $285.00 to $260.00 in a research report on Wednesday, July 20th. Barclays boosted their target price on Visa from $263.00 to $271.00 and gave the stock an “overweight” rating in a research report on Thursday, July 28th. Finally, Morgan Stanley boosted their target price on Visa from $284.00 to $291.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 27th. Four equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $257.64.

Insider Buying and Selling at Visa

In other Visa news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 156,887 shares of the company’s stock, valued at $33,277,301.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.21% of the company’s stock.

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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