Penn Davis Mcfarland Inc. Has $1.08 Million Holdings in Visa Inc. (NYSE:V)

Penn Davis Mcfarland Inc. decreased its stake in shares of Visa Inc. (NYSE:V) by 1.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,410 shares of the credit-card processor’s stock after selling 66 shares during the period. Penn Davis Mcfarland Inc.’s holdings in Visa were worth $1,078,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Decker Retirement Planning Inc. acquired a new stake in shares of Visa in the fourth quarter valued at about $26,000. Peterson Financial Group Inc. acquired a new stake in Visa in the 3rd quarter valued at approximately $26,000. Modus Advisors LLC acquired a new stake in Visa in the 4th quarter valued at approximately $32,000. Reston Wealth Management LLC bought a new position in Visa in the 3rd quarter worth approximately $31,000. Finally, West Financial Advisors LLC boosted its position in shares of Visa by 101.4% in the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after acquiring an additional 73 shares during the period. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on 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. Corporate insiders own 0.13% of the company’s stock.

Visa Stock Performance

Visa stock opened at $323.76 on Wednesday. The stock has a 50-day simple moving average of $313.59 and a 200 day simple moving average of $289.09. The stock has a market capitalization of $603.12 billion, a price-to-earnings ratio of 33.27, a P/E/G ratio of 2.15 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $324.58.

Visa (NYSE:V) last announced its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the previous year, the firm posted $2.33 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. On average, research analysts anticipate that Visa Inc. will post 11.2 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.59 per share. This is an increase from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 annualized dividend and a yield of 0.73%. Visa’s dividend payout ratio is currently 24.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on V shares. Barclays boosted their target price on shares of Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Susquehanna upped their price objective on shares of Visa from $339.00 to $375.00 and gave the company a “positive” rating in a research report on Wednesday, December 11th. Royal Bank of Canada lifted their target price on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Mizuho upped their price target on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $331.92.

Visa Company Profile

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.