Fortis Advisors LLC Purchases 100 Shares of Visa Inc. (NYSE:V)

Fortis Advisors LLC increased its position in shares of Visa Inc. (NYSE:V) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,468 shares of the credit-card processor’s stock after acquiring an additional 100 shares during the quarter. Fortis Advisors LLC’s holdings in Visa were worth $464,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MRA Advisory Group grew its stake in shares of Visa by 116.2% during the fourth quarter. MRA Advisory Group now owns 3,886 shares of the credit-card processor’s stock worth $1,228,000 after acquiring an additional 2,089 shares during the last quarter. Signal Advisors Wealth LLC lifted its stake in shares of Visa by 21.0% during the fourth quarter. Signal Advisors Wealth LLC now owns 17,376 shares of the credit-card processor’s stock worth $5,491,000 after buying an additional 3,013 shares during the period. Greenfield Savings Bank grew its holdings in shares of Visa by 1.7% during the fourth quarter. Greenfield Savings Bank now owns 5,344 shares of the credit-card processor’s stock valued at $1,689,000 after buying an additional 89 shares during the last quarter. Christensen King & Associates Investment Services Inc. acquired a new position in shares of Visa in the 4th quarter valued at $227,000. Finally, Grandview Asset Management LLC raised its stake in Visa by 11.9% in the 4th quarter. Grandview Asset Management LLC now owns 6,763 shares of the credit-card processor’s stock worth $2,137,000 after acquiring an additional 717 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Bank of America boosted their price target on Visa from $279.00 to $308.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Keefe, Bruyette & Woods upped their target price on Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Morgan Stanley raised their price target on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. TD Cowen increased their price objective on shares of Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets boosted their target price on shares of Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $331.92.

Visa Stock Up 0.8 %

Shares of NYSE V opened at $309.24 on Wednesday. The firm has a market cap of $576.08 billion, a price-to-earnings ratio of 31.78, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96. The company’s 50-day simple moving average is $312.76 and its 200-day simple moving average is $287.65. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $321.61.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period last year, the company posted $2.33 EPS. Visa’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities analysts predict that Visa Inc. will post 11.23 EPS for the current fiscal year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were paid a $0.59 dividend. The ex-dividend date was Tuesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.76%. Visa’s payout ratio is currently 24.25%.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is 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.