Foster Dykema Cabot & Partners LLC Buys 1,035 Shares of Visa Inc. (NYSE:V)

Foster Dykema Cabot & Partners LLC increased its stake in shares of Visa Inc. (NYSE:V - Free Report) by 31.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,363 shares of the credit-card processor's stock after buying an additional 1,035 shares during the period. Foster Dykema Cabot & Partners LLC's holdings in Visa were worth $1,379,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Decker Retirement Planning Inc. bought a new stake in Visa during the 4th quarter worth about $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Visa during the 4th quarter worth $27,000. POM Investment Strategies LLC raised its position in shares of Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after acquiring an additional 32 shares during the last quarter. Modus Advisors LLC bought a new position in shares of Visa in the 4th quarter worth $32,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of Visa during the fourth quarter worth $32,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Buying and Selling

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the sale, the chief accounting officer now owns 4,488 shares of the company's stock, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock worth $48,842,490 in the last three months. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

V has been the topic of a number of recent analyst reports. Evercore ISI assumed coverage on Visa in a report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 target price on the stock. Piper Sandler reaffirmed an "overweight" rating and issued a $383.00 target price (up previously from $368.00) on shares of Visa in a research note on Friday, January 31st. StockNews.com cut shares of Visa from a "buy" rating to a "hold" rating in a research report on Wednesday. Raymond James restated an "outperform" rating and issued a $393.00 price objective (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Finally, The Goldman Sachs Group lifted their target price on Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Visa presently has a consensus rating of "Moderate Buy" and a consensus target price of $355.84.

Visa Stock Down 0.6 %

V stock traded down $2.07 during midday trading on Friday, hitting $329.26. The stock had a trading volume of 5,640,095 shares, compared to its average volume of 7,227,437. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $611.69 billion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The business has a 50-day moving average of $340.68 and a two-hundred day moving average of $320.44. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates 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 forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is currently 23.79%.

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.