Farmers & Merchants Trust Co of Chambersburg PA Sells 649 Shares of Visa Inc. (NYSE:V)

Farmers & Merchants Trust Co of Chambersburg PA reduced its position in Visa Inc. (NYSE:V) by 4.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,465 shares of the credit-card processor’s stock after selling 649 shares during the quarter. Visa comprises about 1.5% of Farmers & Merchants Trust Co of Chambersburg PA’s portfolio, making the stock its 19th largest holding. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Visa were worth $3,939,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Peterson Financial Group Inc. acquired a new stake in shares of Visa in the 3rd quarter valued at approximately $26,000. Decker Retirement Planning Inc. acquired a new stake in Visa during the 4th quarter worth approximately $26,000. Reston Wealth Management LLC acquired a new stake in Visa during the 3rd quarter worth approximately $31,000. POM Investment Strategies LLC boosted its position in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after buying an additional 32 shares during the period. Finally, Modus Advisors LLC acquired a new stake in Visa during the 4th quarter worth approximately $32,000. 82.15% of the stock is owned by institutional investors.

Visa Price Performance

V opened at $353.73 on Monday. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $356.08. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. The business’s fifty day simple moving average is $325.14 and its 200-day simple moving average is $299.19. The company has a market capitalization of $657.15 billion, a price-to-earnings ratio of 35.66, a PEG ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, equities research analysts anticipate that Visa Inc. will post 11.27 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s payout ratio is 23.79%.

Insider Transactions at Visa

In related news, CAO Peter M. Andreski sold 2,332 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, 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.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Citigroup upped their price objective 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. Barclays boosted their target price on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Jefferies Financial Group upped their price objective on shares of Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Macquarie upped their price objective on shares of Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, UBS Group upped their target price on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $354.73.

Visa 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.