United Capital Management of KS Inc. Grows Stock Position in Visa Inc. (NYSE:V)

United Capital Management of KS Inc. boosted its stake in Visa Inc. (NYSE:V) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,990 shares of the credit-card processor’s stock after acquiring an additional 536 shares during the quarter. Visa comprises about 1.4% of United Capital Management of KS Inc.’s holdings, making the stock its 26th largest holding. United Capital Management of KS Inc.’s holdings in Visa were worth $7,582,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. HMV Wealth Advisors LLC purchased a new position in Visa in the 4th quarter worth approximately $1,355,000. First National Trust Co boosted its holdings in Visa by 1.1% in the 4th quarter. First National Trust Co now owns 78,636 shares of the credit-card processor’s stock worth $24,852,000 after acquiring an additional 864 shares during the period. Sienna Gestion acquired a new position in shares of Visa in the 4th quarter valued at approximately $10,601,000. Carret Asset Management LLC raised its position in shares of Visa by 0.9% in the 4th quarter. Carret Asset Management LLC now owns 21,292 shares of the credit-card processor’s stock valued at $6,729,000 after purchasing an additional 195 shares in the last quarter. Finally, Midwest Professional Planners LTD. raised its position in shares of Visa by 8.9% in the 4th quarter. Midwest Professional Planners LTD. now owns 11,213 shares of the credit-card processor’s stock valued at $3,544,000 after purchasing an additional 921 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Trading Up 1.0 %

NYSE:V opened at $331.72 on Friday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The stock has a market cap of $616.26 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 2.33 and a beta of 0.95. The business has a fifty day moving average of $337.96 and a 200-day moving average of $310.62. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V) last released its quarterly 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%. Equities analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.71%. Visa’s payout ratio is 23.79%.

Insider Transactions at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the transaction, the general counsel now owns 11,925 shares of the company’s stock, valued at $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the transaction, the insider now directly owns 26,413 shares of the company’s stock, valued at $8,642,333.60. This represents a 59.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 103,855 shares of company stock valued at $35,165,827. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on V. JPMorgan Chase & Co. upped their target price on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Susquehanna upped their target price on Visa from $395.00 to $410.00 and gave the company a “positive” rating in a research report on Friday, February 21st. StockNews.com lowered Visa from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Wells Fargo & Company upped their target price on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Seven analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $353.96.

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.