Folger Nolan Fleming Douglas Capital Management Inc. Cuts Holdings in Visa Inc. (NYSE:V)

Folger Nolan Fleming Douglas Capital Management Inc. decreased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,923 shares of the credit-card processor's stock after selling 3,323 shares during the period. Visa makes up about 1.9% of Folger Nolan Fleming Douglas Capital Management Inc.'s portfolio, making the stock its 12th largest position. Folger Nolan Fleming Douglas Capital Management Inc.'s holdings in Visa were worth $17,990,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on V shares. Robert W. Baird increased their price target on shares of Visa from $330.00 to $340.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Citigroup raised their price target on shares of Visa from $326.00 to $354.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Jefferies Financial Group increased their price objective on Visa from $320.00 to $330.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Susquehanna upped their price target on Visa from $339.00 to $375.00 and gave the company a "positive" rating in a research report on Wednesday, December 11th. Finally, Macquarie lifted their price objective on Visa from $300.00 to $335.00 and gave the stock an "outperform" rating in a 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 price target of $331.92.

Visa Price Performance

Shares of V traded up $2.72 during midday trading on Friday, reaching $319.97. The stock had a trading volume of 5,746,152 shares, compared to its average volume of 5,703,089. The company has a market capitalization of $596.06 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96. The company has a current ratio of 1.28, a quick 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 $321.61. The company's 50-day moving average is $313.41 and its 200 day moving average is $288.59.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts' consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion for the quarter, compared to analysts' expectations of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business's quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the business earned $2.33 earnings per share. On average, equities analysts predict that Visa Inc. will post 11.22 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.74%. This is a positive change from Visa's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. Visa's dividend payout ratio (DPR) is presently 24.25%.

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.