Davis R M Inc. Acquires 1,749 Shares of Visa Inc. (NYSE:V)

Davis R M Inc. increased its holdings in Visa Inc. (NYSE:V - Free Report) by 0.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 285,779 shares of the credit-card processor's stock after buying an additional 1,749 shares during the period. Visa accounts for approximately 1.8% of Davis R M Inc.'s portfolio, making the stock its 13th largest holding. Davis R M Inc.'s holdings in Visa were worth $90,317,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Peterson Financial Group Inc. bought a new position in Visa during the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. bought a new position in shares of Visa during the 4th quarter valued at $26,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Visa in the 4th quarter worth $27,000. POM Investment Strategies LLC lifted its stake in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after purchasing an additional 32 shares during the last quarter. Finally, Modus Advisors LLC purchased a new stake in Visa during the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the transaction, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 64,505 shares of company stock worth $22,290,507 in the last three months. 0.13% of the stock is currently owned by company insiders.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. William Blair reissued an "outperform" rating on shares of Visa in a research note on Friday, January 31st. Wells Fargo & Company increased their price target on shares of Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods reissued a "hold" rating on shares of Visa in a research note on Thursday, February 13th. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Finally, Morgan Stanley lifted their price objective on Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Visa currently has an average rating of "Moderate Buy" and an average price target of $353.96.

Visa Stock Performance

Shares of NYSE:V traded up $0.12 during midday trading on Wednesday, reaching $332.26. 3,661,614 shares of the company's stock traded hands, compared to its average volume of 6,358,424. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The stock has a 50 day moving average of $337.01 and a 200 day moving average of $309.89. The company has a market cap of $617.26 billion, a price-to-earnings ratio of 33.49, a P/E/G ratio of 2.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.71%. Visa's payout ratio is 23.79%.

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.