Visa Inc. (NYSE:V) Shares Sold by Red Spruce Capital LLC

Red Spruce Capital LLC reduced its position in Visa Inc. (NYSE:V) by 7.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,814 shares of the credit-card processor’s stock after selling 321 shares during the quarter. Red Spruce Capital LLC’s holdings in Visa were worth $1,205,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of V. Decker Retirement Planning Inc. acquired a new position in shares of Visa during the 4th quarter worth $26,000. Peterson Financial Group Inc. acquired a new position in Visa during the third quarter worth about $26,000. Modus Advisors LLC purchased a new stake in shares of Visa in the fourth quarter valued at about $32,000. Reston Wealth Management LLC acquired a new stake in shares of Visa in the third quarter valued at approximately $31,000. Finally, Sugar Maple Asset Management LLC purchased a new position in shares of Visa during the 4th quarter worth approximately $44,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. BMO Capital Markets increased their target price on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Jefferies Financial Group lifted their price objective on Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird raised their price target on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Bank of America lifted their target price on shares of Visa from $314.00 to $331.00 and gave the stock a “neutral” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $332.81.

Visa Trading Up 1.4 %

Shares of V opened at $328.18 on Friday. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $328.51. The stock’s 50-day moving average is $314.14 and its two-hundred day moving average is $289.71. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market cap of $611.36 billion, a PE ratio of 33.73, a P/E/G ratio of 2.17 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating 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 analysts’ expectations of $9.49 billion. During the same period in the prior year, the company posted $2.33 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities analysts forecast that Visa Inc. will post 11.2 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.72%. This is an increase from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is presently 24.25%.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction on 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 approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, January 2nd. The shares were 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. 0.13% of the stock is currently owned by insiders.

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.