Tranquility Partners LLC Has $2.44 Million Stock Holdings in Visa Inc. (NYSE:V)

Tranquility Partners LLC trimmed its holdings in shares of Visa Inc. (NYSE:V) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,730 shares of the credit-card processor’s stock after selling 53 shares during the period. Visa makes up about 0.9% of Tranquility Partners LLC’s holdings, making the stock its 24th biggest position. Tranquility Partners LLC’s holdings in Visa were worth $2,443,000 at the end of the most recent quarter.

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

Insider Activity

In other Visa news, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the sale, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 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. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Robert W. Baird increased their price objective on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Morgan Stanley raised their price target on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Susquehanna upped their price objective on shares of Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a report on Friday, January 31st. Barclays raised their target price on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods upped their price target on Visa from $360.00 to $400.00 and gave the stock an “outperform” 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $354.73.

Visa Stock Down 0.5 %

Shares of NYSE V opened at $353.73 on Friday. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $356.08. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12. The stock has a market cap of $657.15 billion, a P/E ratio of 35.66, a P/E/G ratio of 2.32 and a beta of 0.97. The firm has a 50 day moving average price of $325.14 and a 200 day moving average price of $298.94.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating 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%. Analysts expect that Visa Inc. will post 11.27 EPS for the current year.

Visa Dividend Announcement

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

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.