YANKCOM Partnership bought a new position in shares of Visa Inc. (NYSE:V - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,133 shares of the credit-card processor's stock, valued at approximately $1,306,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in V. Decker Retirement Planning Inc. bought a new stake in shares of Visa during the 4th quarter valued at about $26,000. Peterson Financial Group Inc. acquired a new position in Visa in the third quarter valued at approximately $26,000. Modus Advisors LLC bought a new position in shares of Visa during the 4th quarter worth approximately $32,000. Reston Wealth Management LLC acquired a new stake in shares of Visa during the 3rd quarter worth approximately $31,000. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of Visa in the 4th quarter valued at $44,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.
In other Visa news, insider Paul D. Fabara sold 2,171 shares of the company's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now directly owns 17,894 shares of the company's stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,056 shares of company stock worth $19,830,050. Insiders own 0.13% of the company's stock.
Shares of Visa stock traded up $0.78 during trading hours on Friday, hitting $348.26. 4,261,100 shares of the company's stock traded hands, compared to its average volume of 5,723,993. The stock has a market capitalization of $647.00 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 2.32 and a beta of 0.97. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $351.25. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The company has a fifty day simple moving average of $321.08 and a 200-day simple moving average of $295.90.
Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Equities research analysts anticipate that Visa Inc. will post 11.27 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. Visa's dividend payout ratio (DPR) is presently 23.79%.
A number of research firms have commented on V. Seaport Res Ptn upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. raised their target price on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Raymond James reaffirmed an "outperform" rating and set a $393.00 price target (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Jefferies Financial Group increased their price target on Visa from $320.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Visa from $300.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $354.73.
View Our Latest Analysis on V
Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.
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