AFT Forsyth & Company Inc. Sells 252 Shares of Visa Inc. (NYSE:V)

AFT Forsyth & Company Inc. lowered its position in Visa Inc. (NYSE:V) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,614 shares of the credit-card processor’s stock after selling 252 shares during the quarter. Visa accounts for approximately 2.6% of AFT Forsyth & Company Inc.’s investment portfolio, making the stock its 8th largest position. AFT Forsyth & Company Inc.’s holdings in Visa were worth $5,251,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. MGB Wealth Management LLC increased its holdings in Visa by 5.6% in the fourth quarter. MGB Wealth Management LLC now owns 5,774 shares of the credit-card processor’s stock valued at $1,824,000 after purchasing an additional 305 shares during the period. Hemington Wealth Management grew its position in shares of Visa by 5.6% in the 4th quarter. Hemington Wealth Management now owns 2,252 shares of the credit-card processor’s stock valued at $711,000 after buying an additional 119 shares during the last quarter. Park Capital Management LLC WI acquired a new stake in shares of Visa in the fourth quarter valued at about $559,000. Raab & Moskowitz Asset Management LLC raised its position in shares of Visa by 3.9% during the fourth quarter. Raab & Moskowitz Asset Management LLC now owns 10,703 shares of the credit-card processor’s stock worth $3,383,000 after acquiring an additional 399 shares during the last quarter. Finally, Warren Street Wealth Advisors LLC lifted its stake in shares of Visa by 9.1% in the fourth quarter. Warren Street Wealth Advisors LLC now owns 2,398 shares of the credit-card processor’s stock worth $758,000 after acquiring an additional 200 shares during the period. Institutional investors own 82.15% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Citigroup raised their price target on shares of Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Bank of America boosted their target price on shares of Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a report on Friday, January 31st. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Raymond James reissued an “outperform” rating and issued a $393.00 price objective (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Finally, Royal Bank of Canada upped their target price on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Four equities research 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’s stock. Based on data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $354.73.

Insider Buying and Selling at Visa

In other Visa 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 sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The transaction 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 Visa stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the transaction, the insider now owns 36,566 shares of the company’s stock, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,056 shares of company stock worth $19,830,050 over the last three months. 0.13% of the stock is currently owned by insiders.

Visa Price Performance

Shares of NYSE V opened at $353.73 on Friday. The company has a market capitalization of $657.15 billion, a PE ratio of 35.66, a PEG ratio of 2.32 and a beta of 0.97. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock’s 50 day moving average price is $325.14 and its 200-day moving average price is $298.94. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $356.08.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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%. On average, equities analysts anticipate that Visa Inc. will post 11.27 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.67%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio is 23.79%.

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.