Venturi Wealth Management LLC Buys 2,617 Shares of Visa Inc. (NYSE:V)

Venturi Wealth Management LLC raised its position in shares of Visa Inc. (NYSE:V - Free Report) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,610 shares of the credit-card processor's stock after acquiring an additional 2,617 shares during the period. Visa makes up 1.1% of Venturi Wealth Management LLC's portfolio, making the stock its 19th biggest holding. Venturi Wealth Management LLC's holdings in Visa were worth $21,999,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in Visa by 45,189.4% during the 3rd quarter. International Assets Investment Management LLC now owns 9,758,505 shares of the credit-card processor's stock valued at $2,683,101,000 after purchasing an additional 9,736,958 shares in the last quarter. State Street Corp increased its stake in shares of Visa by 4.5% in the 3rd quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor's stock valued at $21,064,179,000 after acquiring an additional 3,327,977 shares during the last quarter. FMR LLC increased its position in shares of Visa by 6.1% in the 3rd quarter. FMR LLC now owns 57,111,843 shares of the credit-card processor's stock valued at $15,702,901,000 after buying an additional 3,265,518 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Visa by 7.7% in the third quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor's stock worth $10,601,135,000 after acquiring an additional 2,772,549 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Visa during the third quarter worth about $268,640,000. Institutional investors own 82.15% of the company's stock.

Visa Trading Down 0.6 %

Shares of NYSE:V traded down $2.22 during trading on Friday, reaching $348.27. The stock had a trading volume of 6,910,504 shares, compared to its average volume of 5,753,988. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $357.15. The firm's fifty day moving average is $328.47 and its 200 day moving average is $301.39. The stock has a market cap of $647.01 billion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 2.36 and a beta of 0.97. 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 issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, equities analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa's payout ratio is 23.79%.

Insider Activity

In related news, CAO Peter M. Andreski sold 2,332 shares of the business's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares in the company, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the business's stock in a transaction on 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 approximately $12,789,689.82. This represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,885 shares of company stock worth $19,161,447 over the last three months. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on V shares. Royal Bank of Canada increased their price objective on Visa from $311.00 to $322.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. UBS Group lifted their price target on shares of Visa from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Robert W. Baird upped their target price on Visa from $330.00 to $340.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Citigroup upped their price objective on Visa from $354.00 to $393.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Finally, Raymond James restated an "outperform" rating and set a $393.00 target price (up from $374.00) on shares of Visa in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Visa has a consensus rating of "Moderate Buy" and an average price target of $355.31.

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.