Graney & King LLC Acquires Shares of 1,200 Visa Inc. (NYSE:V)

Graney & King LLC purchased a new position in Visa Inc. (NYSE:V - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,200 shares of the credit-card processor's stock, valued at approximately $379,000.

Several other institutional investors also recently added to or reduced their stakes in V. Sellwood Investment Partners LLC bought a new stake in Visa during the fourth quarter valued at $41,000. Blue Grotto Capital LLC bought a new stake in shares of Visa during the 4th quarter valued at about $4,741,000. Banco BTG Pactual S.A. purchased a new position in shares of Visa during the fourth quarter worth about $392,000. Core Wealth Partners LLC increased its position in shares of Visa by 9.8% in the fourth quarter. Core Wealth Partners LLC now owns 5,207 shares of the credit-card processor's stock worth $1,645,000 after purchasing an additional 466 shares during the last quarter. Finally, Ausdal Financial Partners Inc. lifted its position in Visa by 7.4% during the fourth quarter. Ausdal Financial Partners Inc. now owns 16,238 shares of the credit-card processor's stock valued at $5,132,000 after purchasing an additional 1,122 shares during the last quarter. Institutional investors own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on V shares. Barclays lifted their price target on Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Morgan Stanley boosted their price target on shares of Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Susquehanna reaffirmed a "positive" rating on shares of Visa in a research note on Friday, March 21st. Raymond James reissued an "outperform" rating and set a $393.00 price objective (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. Finally, The Goldman Sachs Group lifted their target price on shares of Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Visa has a consensus rating of "Moderate Buy" and an average target price of $355.84.

Remove Ads

Visa Stock Down 2.1 %

NYSE V traded down $7.24 during trading hours on Friday, hitting $342.62. 5,686,669 shares of the company were exchanged, compared to its average volume of 7,140,541. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a market cap of $636.51 billion, a price-to-earnings ratio of 34.54, a PEG ratio of 2.33 and a beta of 0.95. The company has a 50 day moving average of $343.60 and a two-hundred day moving average of $315.27. 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 quarterly earnings data 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%. Equities research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. Visa's dividend payout ratio is presently 23.79%.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the sale, the chief executive officer now directly owns 537 shares of the company's stock, valued at approximately $194,931. This represents a 94.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the completion of the transaction, the insider now directly owns 26,413 shares in the company, valued at $8,991,249.33. The trade was a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,205 shares of company stock valued at $48,560,961 in the last ninety days. Insiders own 0.13% of the company's stock.

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.