Deseret Mutual Benefit Administrators Sells 57 Shares of Visa Inc. (NYSE:V)

Deseret Mutual Benefit Administrators trimmed its holdings in Visa Inc. (NYSE:V) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,023 shares of the credit-card processor’s stock after selling 57 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Visa were worth $955,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Ipswich Investment Management Co. Inc. boosted its position in shares of Visa by 2.3% during the fourth quarter. Ipswich Investment Management Co. Inc. now owns 27,618 shares of the credit-card processor’s stock valued at $8,729,000 after buying an additional 615 shares during the last quarter. Bell Bank lifted its stake in Visa by 1.2% during the 4th quarter. Bell Bank now owns 14,401 shares of the credit-card processor’s stock valued at $4,551,000 after acquiring an additional 167 shares in the last quarter. Boyd Watterson Asset Management LLC OH boosted its holdings in Visa by 8.0% during the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 14,750 shares of the credit-card processor’s stock worth $4,661,000 after acquiring an additional 1,092 shares during the last quarter. Leuthold Group LLC grew its stake in shares of Visa by 4.0% in the 4th quarter. Leuthold Group LLC now owns 23,568 shares of the credit-card processor’s stock worth $7,448,000 after acquiring an additional 900 shares in the last quarter. Finally, Blackston Financial Advisory Group LLC raised its holdings in shares of Visa by 7.9% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 2,238 shares of the credit-card processor’s stock valued at $708,000 after purchasing an additional 164 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Royal Bank of Canada boosted their price target on shares of Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. BMO Capital Markets upped their target price on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Wells Fargo & Company upped their price objective on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Macquarie lifted their target price on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $353.96.

Insider Buying and Selling

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction 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. Insiders sold a total of 55,885 shares of company stock worth $19,161,447 over the last ninety days. 0.13% of the stock is owned by corporate insiders.

Visa Trading Up 0.3 %

Shares of V opened at $349.46 on Tuesday. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $357.15. The stock has a market cap of $649.21 billion, a PE ratio of 35.23, a P/E/G ratio of 2.33 and a beta of 0.97. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The business’s 50-day moving average price is $329.81 and its 200-day moving average price is $303.29.

Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping 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%. On average, equities analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm 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 dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s dividend payout ratio is 23.79%.

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.