Visa Inc. (NYSE:V) Shares Sold by MFA Wealth Advisors LLC

MFA Wealth Advisors LLC trimmed its stake in shares of Visa Inc. (NYSE:V) by 21.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,541 shares of the credit-card processor’s stock after selling 425 shares during the quarter. MFA Wealth Advisors LLC’s holdings in Visa were worth $487,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in V. Decker Retirement Planning Inc. purchased a new position in shares of Visa during the 4th quarter worth approximately $26,000. Peterson Financial Group Inc. purchased a new position in shares of Visa during the 3rd quarter worth approximately $26,000. Modus Advisors LLC purchased a new position in shares of Visa during the 4th quarter worth approximately $32,000. Reston Wealth Management LLC purchased a new position in shares of Visa during the 3rd quarter worth approximately $31,000. Finally, Sugar Maple Asset Management LLC purchased a new position in Visa in the 4th quarter valued at approximately $44,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Trading Down 0.1 %

Shares of V opened at $350.88 on Wednesday. The stock’s 50-day moving average is $321.77 and its two-hundred day moving average is $296.88. The stock has a market cap of $651.85 billion, a PE ratio of 35.37, a P/E/G ratio of 2.32 and a beta of 0.97. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $352.12. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Equities analysts forecast that Visa Inc. will post 11.27 earnings per share for the current fiscal year.

Visa Announces Dividend

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 paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s dividend payout ratio is presently 23.79%.

Analysts Set New Price Targets

V has been the subject of several research analyst reports. Macquarie raised their price objective on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. BMO Capital Markets raised their price objective on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Oppenheimer raised their price objective on Visa from $375.00 to $390.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Susquehanna raised their price target on Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada raised their price target on Visa from $311.00 to $322.00 and gave the stock 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $354.73.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction dated Friday, November 22nd. The stock was 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 approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,056 shares of company stock valued at $19,830,050. 0.13% of the stock is currently owned by 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.