Visa Inc. (NYSE:V) Position Boosted by Foguth Wealth Management LLC.

Foguth Wealth Management LLC. grew its holdings in shares of Visa Inc. (NYSE:V) by 7.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 869 shares of the credit-card processor’s stock after purchasing an additional 60 shares during the period. Foguth Wealth Management LLC.’s holdings in Visa were worth $287,000 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. bought a new position in shares of Visa in the fourth quarter valued at $26,000. Peterson Financial Group Inc. bought a new position in shares of Visa in the third quarter valued at $26,000. Modus Advisors LLC bought a new position in shares of Visa in the fourth quarter valued at $32,000. Reston Wealth Management LLC bought a new position in shares of Visa in the third quarter valued at $31,000. Finally, Sugar Maple Asset Management LLC bought a new position in shares of Visa in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on V. Keefe, Bruyette & Woods upped their price target on Visa from $360.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Jefferies Financial Group boosted their target price on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Piper Sandler reissued an “overweight” rating and set a $383.00 target price (up from $368.00) on shares of Visa in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada boosted their target price on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $354.73.

Visa Trading Up 0.2 %

Shares of NYSE:V opened at $348.26 on Friday. The stock has a market capitalization of $648.77 billion, a PE ratio of 35.11, a P/E/G ratio of 2.30 and a beta of 0.97. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $351.25. The firm has a fifty day moving average price of $320.41 and a 200 day moving average price of $295.12. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) 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%. Analysts expect that Visa Inc. will post 11.2 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared 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. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is 23.79%.

Insider Buying and Selling at Visa

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the company’s stock in a transaction dated 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the company’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 of the company’s stock, valued at $1,569,094.56. This represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 58,056 shares of company stock worth $19,830,050 over the last ninety days. 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.