Visa Inc. (NYSE:V) Shares Sold by Mendel Money Management

Mendel Money Management lowered its position in Visa Inc. (NYSE:V) by 4.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 20,101 shares of the credit-card processor’s stock after selling 967 shares during the period. Visa accounts for approximately 2.8% of Mendel Money Management’s portfolio, making the stock its 4th largest position. Mendel Money Management’s holdings in Visa were worth $6,353,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new position in shares of Visa during the fourth quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Visa during the 4th quarter worth approximately $27,000. POM Investment Strategies LLC raised its stake in shares of Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 32 shares during the last quarter. Modus Advisors LLC purchased a new position in shares of Visa during the fourth quarter valued at approximately $32,000. Finally, Compass Planning Associates Inc purchased a new stake in Visa in the 4th quarter valued at $32,000. Institutional investors own 82.15% of the company’s stock.

Visa Price Performance

Shares of V stock opened at $344.95 on Wednesday. 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 Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The firm has a market cap of $640.84 billion, a P/E ratio of 34.77, a P/E/G ratio of 2.33 and a beta of 0.95. The business’s 50 day moving average price is $341.94 and its 200-day moving average price is $314.21.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) 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, equities research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio is presently 23.79%.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’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 transaction of $874,480.00. Following the sale, the general counsel now directly owns 11,925 shares of the company’s stock, valued at $4,054,500. This trade represents a 17.74 % 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 $48,560,961 in the last three months. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on V. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Barclays lifted their target price on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. increased their price target on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. The Goldman Sachs Group raised their target price on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, StockNews.com upgraded shares of Visa from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $353.96.

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.