Visa Inc. (NYSE:V) Stock Position Increased by Bogart Wealth LLC

Bogart Wealth LLC raised its position in Visa Inc. (NYSE:V - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,450 shares of the credit-card processor's stock after buying an additional 1,599 shares during the quarter. Visa makes up approximately 0.9% of Bogart Wealth LLC's portfolio, making the stock its 21st biggest position. Bogart Wealth LLC's holdings in Visa were worth $18,788,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. purchased a new stake in Visa in the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of Visa during the fourth quarter worth approximately $26,000. Reston Wealth Management LLC purchased a new stake in shares of Visa during the third quarter worth approximately $31,000. POM Investment Strategies LLC raised its stake in shares of Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after purchasing an additional 32 shares during the last quarter. Finally, Modus Advisors LLC purchased a new stake in shares of Visa during the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Trading Down 0.5 %

Shares of Visa stock traded down $1.78 during trading hours on Wednesday, hitting $354.95. The company's stock had a trading volume of 4,147,435 shares, compared to its average volume of 5,719,482. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $357.15. The business has a fifty day moving average of $326.92 and a 200 day moving average of $300.67. The company has a market capitalization of $659.42 billion, a PE ratio of 35.78, a P/E/G ratio of 2.35 and a beta of 0.97. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last released its quarterly 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 analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa's payout ratio is 23.79%.

Insider Activity at Visa

In other Visa news, 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 transaction 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. This represents a 47.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 58,056 shares of company stock valued at $19,830,050. Corporate insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. TD Cowen upped their price target on Visa from $318.00 to $325.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Seaport Res Ptn upgraded Visa from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. William Blair restated an "outperform" rating on shares of Visa in a research note on Friday, January 31st. Raymond James reaffirmed an "outperform" rating and set a $393.00 price objective (up previously from $374.00) on shares of Visa in a report on Friday, January 31st. Finally, Jefferies Financial Group upped their price objective on Visa from $320.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $354.73.

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.