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Douglas Lane & Associates LLC has decreased its holdings in Visa Inc. by 2.8% during the 3rd quarter, selling 12,940 shares. The firm owned 452,317 shares of the credit-card processor’s stock, making it their 7th biggest holding. Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chairman Alfred F. Kelly, Jr. and CEO Ryan Mcinerney have sold shares of Visa stock in recent transactions. The company has also announced a quarterly dividend increase. Visa Inc. has a market cap of $475.73 billion and a price-to-earnings ratio of 31.26. The company’s quarterly revenue was up 10.6% compared to the same quarter last year.

A number of equities analysts have commented on Visa, with four analysts holding a hold rating and fifteen holding a buy rating for the stock. Visa Inc operates as a payment technology company in the United States and internationally, offering a variety of payment processing services and solutions. The company has a consensus rating of “Moderate Buy” and an average price target of $277.67. MarketBeat has identified the five stocks that top analysts are quietly endorsing to clients to buy.



Read more: Douglas Lane & Associates LLC Reduces Position in Visa Inc. (NYSE:V)