Garrison Asset Management LLC Has $490,000 Stock Position in Visa Inc. (NYSE:V)

Garrison Asset Management LLC increased its position in Visa Inc. (NYSE:V) by 63.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,882 shares of the credit-card processor’s stock after purchasing an additional 729 shares during the quarter. Garrison Asset Management LLC’s holdings in Visa were worth $490,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in V. Altshuler Shaham Ltd acquired a new position in shares of Visa during the 3rd quarter worth about $25,000. O Brien Wealth Partners LLC acquired a new position in shares of Visa during the 4th quarter worth about $32,000. Nalls Sherbakoff Group LLC grew its position in shares of Visa by 545.5% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after buying an additional 120 shares during the period. Valued Wealth Advisors LLC acquired a new position in shares of Visa during the 4th quarter worth about $37,000. Finally, Life Planning Partners Inc acquired a new position in shares of Visa in the 4th quarter valued at approximately $71,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Performance

Shares of NYSE V opened at $274.23 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The stock’s fifty day moving average price is $279.49 and its two-hundred day moving average price is $263.90. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The firm has a market cap of $503.63 billion, a price-to-earnings ratio of 31.56, a P/E/G ratio of 1.88 and a beta of 0.96.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The firm had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.18 EPS. On average, equities analysts forecast that Visa Inc. will post 9.88 EPS for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is currently 23.94%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on V shares. KeyCorp boosted their price objective on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Susquehanna boosted their price objective on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research report on Friday, January 26th. Robert W. Baird boosted their price objective on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Redburn Atlantic restated a “neutral” rating and issued a $307.00 target price on shares of Visa in a research note on Wednesday, March 27th. Finally, Royal Bank of Canada boosted their target price on Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $298.43.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,965 shares of company stock valued at $5,256,352. 0.19% of the stock is owned by corporate insiders.

About Visa

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.