Visa Inc. (NYSE:V) Stake Trimmed by Plimoth Trust Co. LLC

Plimoth Trust Co. LLC cut its position in shares of Visa Inc. (NYSE:V) by 0.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,208 shares of the credit-card processor’s stock after selling 31 shares during the quarter. Visa accounts for 1.7% of Plimoth Trust Co. LLC’s portfolio, making the stock its 10th largest position. Plimoth Trust Co. LLC’s holdings in Visa were worth $6,703,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Peterson Financial Group Inc. purchased a new stake in Visa in the 3rd quarter worth about $26,000. Decker Retirement Planning Inc. acquired a new position in shares of Visa in the 4th quarter valued at about $26,000. Reston Wealth Management LLC purchased a new stake in shares of Visa in the third quarter worth approximately $31,000. Modus Advisors LLC acquired a new stake in shares of Visa during the fourth quarter worth approximately $32,000. Finally, West Financial Advisors LLC grew its position in Visa by 101.4% during the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after purchasing an additional 73 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Down 0.3 %

Shares of V stock opened at $342.05 on Friday. The stock has a 50 day moving average of $317.09 and a 200-day moving average of $292.45. The firm has a market cap of $637.19 billion, a PE ratio of 35.15, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $351.25.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.96% and a return on equity of 53.16%. On average, equities analysts predict that Visa Inc. will post 11.18 EPS for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors 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 yield of 0.69%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 24.25%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on V. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Robert W. Baird lifted their price objective on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Raymond James reaffirmed an “outperform” rating and issued a $393.00 target price (up from $374.00) on shares of Visa in a research report on Friday. UBS Group raised their price target on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Susquehanna boosted their price target on Visa from $375.00 to $395.00 and gave the company a “positive” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average target price of $352.27.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Visa Company 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.