612 Shares in Visa Inc. (NYSE:V) Acquired by Comprehensive Financial Planning Inc. PA

Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Visa Inc. (NYSE:V) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 612 shares of the credit-card processor’s stock, valued at approximately $193,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Peterson Financial Group Inc. purchased a new position in Visa in the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. bought a new stake in shares of Visa in the 4th quarter worth $26,000. Reston Wealth Management LLC purchased a new position in shares of Visa in the third quarter worth $31,000. Modus Advisors LLC bought a new position in shares of Visa during the fourth quarter valued at $32,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in shares of Visa during the fourth quarter valued at $44,000. 82.15% of the stock is owned by institutional investors.

Visa Trading Down 0.1 %

Shares of V stock opened at $350.88 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12. The stock has a fifty day simple moving average of $321.77 and a two-hundred day simple moving average of $296.88. The firm has a market capitalization of $651.85 billion, a PE ratio of 35.37, a PEG ratio of 2.32 and a beta of 0.97. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $352.12.

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

Visa Dividend Announcement

The business also recently disclosed 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. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s payout ratio is currently 23.79%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on V shares. JPMorgan Chase & Co. boosted their target price on Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. The Goldman Sachs Group boosted their price objective on shares of Visa from $346.00 to $384.00 and gave the company a “buy” rating in a report on Friday, January 31st. Susquehanna raised their target price on shares of Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a report 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, Bank of America increased their price target on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Four 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $354.73.

Insider Transactions at Visa

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the sale, the insider now directly 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. Over the last quarter, insiders have sold 58,056 shares of company stock valued at $19,830,050. 0.13% of the stock is currently owned by corporate insiders.

Visa Company 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.