Visa Inc. (NYSE:V) Shares Acquired by Dupree Financial Group LLC

Dupree Financial Group LLC increased its position in shares of Visa Inc. (NYSE:V) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,509 shares of the credit-card processor’s stock after purchasing an additional 200 shares during the quarter. Visa accounts for about 2.7% of Dupree Financial Group LLC’s investment portfolio, making the stock its 12th largest holding. Dupree Financial Group LLC’s holdings in Visa were worth $5,850,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in V. Paul R. Ried Financial Group LLC bought a new position in shares of Visa during the fourth quarter valued at approximately $274,000. Trust Point Inc. lifted its holdings in shares of Visa by 7.9% in the 4th quarter. Trust Point Inc. now owns 17,464 shares of the credit-card processor’s stock worth $5,519,000 after purchasing an additional 1,280 shares during the last quarter. Childress Capital Advisors LLC boosted its position in Visa by 2.1% during the 4th quarter. Childress Capital Advisors LLC now owns 5,760 shares of the credit-card processor’s stock valued at $1,820,000 after purchasing an additional 118 shares during the period. Alliance Wealth Advisors LLC UT grew its stake in Visa by 1.6% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 21,942 shares of the credit-card processor’s stock worth $6,935,000 after buying an additional 352 shares during the last quarter. Finally, Baltimore Washington Financial Advisors Inc. increased its position in Visa by 1.5% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 88,399 shares of the credit-card processor’s stock worth $27,938,000 after buying an additional 1,338 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,983 shares of company stock worth $7,213,146. Corporate insiders own 0.13% of the company’s stock.

Visa Trading Down 0.6 %

Shares of NYSE V opened at $347.28 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $351.25. The company has a market cap of $646.94 billion, a price-to-earnings ratio of 35.01, a P/E/G ratio of 2.30 and a beta of 0.97. The business has a fifty day simple moving average of $319.76 and a 200-day simple moving average of $294.76.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 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%. Sell-side analysts predict that Visa Inc. will post 11.2 EPS for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be paid a $0.59 dividend. 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 is 23.79%.

Analyst Ratings Changes

V has been the subject of several analyst reports. BMO Capital Markets boosted their price target on shares of Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Citigroup raised their price target on shares of Visa from $354.00 to $393.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Robert W. Baird boosted their price objective on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Bank of America raised their target price on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $354.73.

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.