Armstrong Fleming & Moore Inc Has $374,000 Stock Position in Visa Inc. (NYSE:V)

Armstrong Fleming & Moore Inc boosted its holdings in Visa Inc. (NYSE:V) by 17.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,184 shares of the credit-card processor’s stock after buying an additional 174 shares during the period. Armstrong Fleming & Moore Inc’s holdings in Visa were worth $374,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Impact Investors Inc bought a new position in shares of Visa during the 4th quarter worth about $1,734,000. Kellett Wealth Advisors LLC grew its position in Visa by 3.0% during the fourth quarter. Kellett Wealth Advisors LLC now owns 1,232 shares of the credit-card processor’s stock worth $389,000 after buying an additional 36 shares in the last quarter. Argonautica Private Wealth Management Inc. increased its stake in Visa by 3.9% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 11,017 shares of the credit-card processor’s stock valued at $3,482,000 after acquiring an additional 412 shares during the period. Sitrin Capital Management LLC raised its holdings in Visa by 0.8% in the 4th quarter. Sitrin Capital Management LLC now owns 24,250 shares of the credit-card processor’s stock valued at $7,664,000 after acquiring an additional 197 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. lifted its position in shares of Visa by 0.9% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 12,979 shares of the credit-card processor’s stock worth $4,102,000 after acquiring an additional 115 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Bank of America boosted their price objective on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Susquehanna boosted their price target on shares of Visa from $395.00 to $410.00 and gave the company a “positive” rating in a report on Friday, February 21st. Wells Fargo & Company raised their price objective on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Citigroup reissued a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Finally, Barclays raised their price target on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $353.96.

Visa Stock Performance

Shares of Visa stock opened at $355.56 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a 50 day simple moving average of $332.12 and a 200 day simple moving average of $304.62. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $360.31. The firm has a market cap of $660.55 billion, a P/E ratio of 35.84, a P/E/G ratio of 2.33 and a beta of 0.97.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 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%. Sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.66%. Visa’s payout ratio is presently 23.79%.

Insider Buying and Selling at Visa

In related news, 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 directly owns 36,566 shares of the company’s stock, valued at $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now directly owns 4,488 shares in the company, valued at $1,569,094.56. The trade was a 34.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,885 shares of company stock worth $19,161,447. Company insiders own 0.13% of the company’s stock.

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.