MV Capital Management Inc. Has $5.40 Million Stock Holdings in Visa Inc. (NYSE:V)

MV Capital Management Inc. reduced its holdings in Visa Inc. (NYSE:V) by 0.7% in the 4th quarter, HoldingsChannel reports. The fund owned 17,081 shares of the credit-card processor’s stock after selling 129 shares during the period. MV Capital Management Inc.’s holdings in Visa were worth $5,398,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Decker Retirement Planning Inc. bought a new stake in Visa in the fourth quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Visa in the 4th quarter valued at $27,000. POM Investment Strategies LLC increased its position in shares of Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after buying an additional 32 shares during the period. Modus Advisors LLC bought a new position in Visa during the fourth quarter worth $32,000. Finally, Compass Planning Associates Inc bought a new position in Visa during the fourth quarter worth $32,000. Institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on V shares. Susquehanna reiterated a “positive” rating on shares of Visa in a report on Friday, March 21st. Wells Fargo & Company raised their target price on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their target price on Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Citigroup restated a “neutral” rating on shares of Visa in a report on Thursday, February 13th. Finally, StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $355.84.

Visa Price Performance

V opened at $342.62 on Friday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $636.51 billion, a price-to-earnings ratio of 34.54, a P/E/G ratio of 2.33 and a beta of 0.95. The firm’s fifty day moving average price is $343.60 and its two-hundred day moving average price is $315.06.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping 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%. As a group, analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s dividend payout ratio is presently 23.79%.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the sale, the insider now owns 26,413 shares of the company’s stock, valued at approximately $8,991,249.33. The trade was a 59.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the general counsel now owns 11,925 shares in the company, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 143,205 shares of company stock valued at $48,560,961. 0.13% of the stock is owned by insiders.

About Visa

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.