Visa Inc. (NYSE:V) Shares Acquired by Sunburst Financial Group LLC

Sunburst Financial Group LLC boosted its position in Visa Inc. (NYSE:V) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,608 shares of the credit-card processor’s stock after purchasing an additional 51 shares during the period. Sunburst Financial Group LLC’s holdings in Visa were worth $824,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in V. Decker Retirement Planning Inc. bought a new stake in shares of Visa in the 4th quarter worth approximately $26,000. Peterson Financial Group Inc. bought a new position in shares of Visa in the third quarter valued at $26,000. POM Investment Strategies LLC lifted its position in shares of Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after acquiring an additional 32 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of Visa during the 4th quarter worth $32,000. Finally, Reston Wealth Management LLC bought a new stake in shares of Visa during the 3rd quarter worth $31,000. 82.15% of the stock is owned by institutional investors.

Visa Stock Down 0.5 %

V opened at $353.73 on Friday. The firm has a market cap of $657.15 billion, a P/E ratio of 35.66, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. 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 business has a 50 day moving average price of $325.14 and a 200 day moving average price of $298.94. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $356.08.

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

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. Visa’s dividend payout ratio is presently 23.79%.

Insider Activity at Visa

In related news, CAO Peter M. Andreski sold 2,332 shares of the company’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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,056 shares of company stock worth $19,830,050 in the last 90 days. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upped their target price on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. William Blair reiterated an “outperform” rating on shares of Visa in a report on Friday, January 31st. Susquehanna upped their price target on shares of Visa from $375.00 to $395.00 and gave the company a “positive” rating in a research report on Friday, January 31st. UBS Group lifted their price objective on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Morgan Stanley increased their target price on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $354.73.

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.