Visa Inc. (NYSE:V) Shares Bought by Elgethun Capital Management

Elgethun Capital Management raised its stake in shares of Visa Inc. (NYSE:V) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,095 shares of the credit-card processor’s stock after purchasing an additional 105 shares during the quarter. Elgethun Capital Management’s holdings in Visa were worth $1,294,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. U S Wealth Group LLC. acquired a new position in shares of Visa in the 4th quarter valued at about $2,396,000. Twin Capital Management Inc. raised its holdings in Visa by 10.4% in the fourth quarter. Twin Capital Management Inc. now owns 24,321 shares of the credit-card processor’s stock valued at $7,686,000 after buying an additional 2,299 shares during the period. Ritter Daniher Financial Advisory LLC DE lifted its position in Visa by 75.8% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 464 shares of the credit-card processor’s stock valued at $147,000 after buying an additional 200 shares in the last quarter. Polymer Capital Management HK LTD purchased a new stake in Visa during the fourth quarter worth approximately $316,000. Finally, Aristides Capital LLC increased its position in shares of Visa by 12.1% in the fourth quarter. Aristides Capital LLC now owns 7,850 shares of the credit-card processor’s stock worth $2,481,000 after acquiring an additional 850 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Price Performance

Shares of V opened at $313.46 on Monday. The firm has a market capitalization of $582.34 billion, a price-to-earnings ratio of 31.60, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The stock’s fifty day moving average is $345.02 and its 200-day moving average is $317.27. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. 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 issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio is presently 23.79%.

Analyst Upgrades and Downgrades

Several research firms have commented on V. Morgan Stanley raised their price objective on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Susquehanna reaffirmed a “positive” rating on shares of Visa in a research report on Friday, March 21st. Raymond James reaffirmed an “outperform” rating and set a $393.00 price target (up from $374.00) on shares of Visa in a report on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Barclays raised their target price on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $355.84.

Insider Activity

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the transaction, the general counsel now directly owns 11,925 shares in the company, valued at $4,054,500. The trade was a 17.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now directly owns 4,488 shares in the company, valued at $1,569,094.56. This represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock worth $48,842,490 over the last 90 days. 0.13% of the stock is currently owned by company insiders.

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.