Jackson Wealth Management LLC Purchases 87 Shares of Visa Inc. (NYSE:V)

Jackson Wealth Management LLC boosted its position in shares of Visa Inc. (NYSE:V) by 0.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,599 shares of the credit-card processor’s stock after buying an additional 87 shares during the quarter. Jackson Wealth Management LLC’s holdings in Visa were worth $4,614,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Decker Retirement Planning Inc. bought a new stake in shares of Visa in the fourth quarter worth about $26,000. Peterson Financial Group Inc. purchased a new stake in Visa in the 3rd quarter worth approximately $26,000. Modus Advisors LLC bought a new stake in shares of Visa in the 4th quarter worth approximately $32,000. Reston Wealth Management LLC purchased a new position in shares of Visa during the third quarter valued at approximately $31,000. Finally, Sugar Maple Asset Management LLC bought a new position in shares of Visa during the fourth quarter valued at approximately $44,000. Institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the topic of a number of research analyst reports. Oppenheimer boosted their price objective on shares of Visa from $375.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Jefferies Financial Group boosted their price target on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Barclays raised their price objective on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Robert W. Baird upped their target price on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, William Blair restated an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $354.73.

Visa Price Performance

Shares of NYSE:V opened at $348.26 on Friday. 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 firm has a market cap of $648.77 billion, a price-to-earnings ratio of 35.11, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97. The business has a 50-day simple moving average of $320.41 and a two-hundred day simple moving average of $295.12. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $351.25.

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 net margin of 54.27% and a return on equity of 54.79%. On average, analysts expect that Visa Inc. will post 11.2 earnings per share for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. Visa’s payout ratio is 23.79%.

Insider Transactions at Visa

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the sale, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. The trade was a 34.19 % 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 in the last ninety days. 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.