Trust Co. of Vermont boosted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,770 shares of the credit-card processor's stock after acquiring an additional 2,790 shares during the period. Visa comprises 1.0% of Trust Co. of Vermont's portfolio, making the stock its 26th largest holding. Trust Co. of Vermont's holdings in Visa were worth $20,786,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Peterson Financial Group Inc. acquired a new stake in shares of Visa during the third quarter valued at $26,000. Decker Retirement Planning Inc. purchased a new position in Visa in the 4th quarter valued at about $26,000. Reston Wealth Management LLC acquired a new stake in shares of Visa during the 3rd quarter worth about $31,000. Modus Advisors LLC purchased a new stake in shares of Visa during the fourth quarter worth about $32,000. Finally, West Financial Advisors LLC raised its position in shares of Visa by 101.4% in the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor's stock valued at $40,000 after buying an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.
Wall Street Analyst Weigh In
V has been the subject of several analyst reports. Susquehanna boosted their price target on Visa from $339.00 to $375.00 and gave the company a "positive" rating in a report on Wednesday, December 11th. Macquarie increased their target price on Visa from $300.00 to $335.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Royal Bank of Canada raised their price target on Visa from $311.00 to $322.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. TD Cowen upped their price objective on shares of Visa from $318.00 to $325.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Visa from $335.00 to $360.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $331.92.
Read Our Latest Stock Report on Visa
Visa Stock Up 0.9 %
V traded up $2.72 during trading on Monday, hitting $319.97. The company had a trading volume of 5,746,152 shares, compared to its average volume of 5,703,089. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $321.61. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $596.06 billion, a PE ratio of 32.88, a P/E/G ratio of 2.06 and a beta of 0.96. The business has a 50-day moving average of $313.41 and a 200-day moving average of $288.73.
Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the prior year, the business posted $2.33 EPS. The company's revenue for the quarter was up 11.7% on a year-over-year basis. As a group, analysts forecast that Visa Inc. will post 11.22 earnings per share for the current year.
Visa Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Tuesday, November 12th. This is an increase from Visa's previous quarterly dividend of $0.52. Visa's dividend payout ratio (DPR) is currently 24.25%.
Insider Transactions at Visa
In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the 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 sale, the insider now 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 Profile
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Free Report)
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.
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