Overbrook Management Corp Has $20.81 Million Position in Visa Inc. (NYSE:V)

Overbrook Management Corp lifted its stake in Visa Inc. (NYSE:V - Free Report) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,857 shares of the credit-card processor's stock after buying an additional 5,012 shares during the period. Visa makes up 4.5% of Overbrook Management Corp's portfolio, making the stock its 9th biggest position. Overbrook Management Corp's holdings in Visa were worth $20,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Decker Retirement Planning Inc. bought a new stake in shares of Visa in the 4th quarter valued at approximately $26,000. Peterson Financial Group Inc. bought a new stake in shares of Visa during the third quarter valued at approximately $26,000. Modus Advisors LLC bought a new position in shares of Visa in the fourth quarter worth $32,000. Reston Wealth Management LLC bought a new stake in shares of Visa during the third quarter valued at about $31,000. Finally, West Financial Advisors LLC lifted its holdings 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 period. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Stock Performance

NYSE:V traded down $0.09 during trading hours on Wednesday, hitting $323.55. 5,010,700 shares of the company traded hands, compared to its average volume of 5,689,813. 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 twelve month low of $252.70 and a twelve month high of $325.74. The firm has a 50-day moving average of $313.86 and a 200 day moving average of $289.47. The stock has a market capitalization of $602.73 billion, a price-to-earnings ratio of 33.25, a P/E/G ratio of 2.15 and a beta of 0.96.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.13. The business had revenue of $9.62 billion during 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 firm's revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company earned $2.33 earnings per share. On average, analysts forecast that Visa Inc. will post 11.2 EPS for the current year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were paid 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 yield of 0.73%. This is an increase from Visa's previous quarterly dividend of $0.52. Visa's payout ratio is currently 24.25%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on V shares. Susquehanna raised their target price on shares of Visa from $339.00 to $375.00 and gave the company a "positive" rating in a research note on Wednesday, December 11th. Monness Crespi & Hardt restated a "neutral" rating on shares of Visa in a research report on Tuesday, September 24th. Macquarie lifted their price target on Visa from $300.00 to $335.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Mizuho raised their target price on Visa from $279.00 to $292.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Finally, Oppenheimer lifted their target price on Visa from $321.00 to $375.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $332.81.

Insider Buying and Selling at Visa

In other news, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was 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 in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

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.