Retirement Guys Formula LLC Boosts Holdings in Visa Inc. (NYSE:V)

Retirement Guys Formula LLC raised its holdings in shares of Visa Inc. (NYSE:V) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,172 shares of the credit-card processor’s stock after purchasing an additional 56 shares during the period. Retirement Guys Formula LLC’s holdings in Visa were worth $1,635,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. purchased a new position in Visa during the 4th quarter valued at about $26,000. Peterson Financial Group Inc. purchased a new position in Visa during the 3rd quarter valued at about $26,000. POM Investment Strategies LLC increased its holdings in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after acquiring an additional 32 shares in the last quarter. Modus Advisors LLC purchased a new position in Visa during the 4th quarter valued at about $32,000. Finally, Reston Wealth Management LLC purchased a new position in Visa during the 3rd quarter valued at about $31,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Trading Down 0.5 %

NYSE V opened at $353.73 on Friday. The company’s fifty day simple moving average is $324.29 and its 200-day simple moving average is $298.30. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $356.08. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. The stock has a market cap of $657.15 billion, a P/E ratio of 35.66, a PEG ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping 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 predict that Visa Inc. will post 11.27 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. Visa’s payout ratio is currently 23.79%.

Insider Buying and Selling

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the sale, the general counsel now owns 11,925 shares in the company, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the sale, the insider now owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,056 shares of company stock worth $19,830,050. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on V shares. William Blair reiterated an “outperform” rating on shares of Visa in a report on Friday, January 31st. Morgan Stanley lifted their price target on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. BMO Capital Markets lifted their price target on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Piper Sandler reiterated an “overweight” rating and set a $383.00 price target (up from $368.00) on shares of Visa in a report on Friday, January 31st. Finally, Mizuho lifted their price target on shares of Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Four investment 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, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.73.

Visa 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.