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:VFree Report) 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:VGet Free Report) 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.

Get Our Latest Report on V

Visa Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:VFree Report).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.