Berkshire Money Management Inc. Invests $435,000 in Visa Inc. (NYSE:V)

Berkshire Money Management Inc. purchased a new position in shares of Visa Inc. (NYSE:V) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,377 shares of the credit-card processor’s stock, valued at approximately $435,000.

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

Insider Transactions at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction on Monday, February 3rd. The stock was 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 in the company, valued at $4,054,500. The trade was a 17.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their position. 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 quarter. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on V shares. Bank of America raised their price objective on shares of Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a report on Friday, January 31st. BMO Capital Markets increased their price objective on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Robert W. Baird lifted 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. Susquehanna upped their price target on Visa from $375.00 to $395.00 and gave the company a “positive” rating in a research report on Friday, January 31st. Finally, William Blair restated an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Four 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 currently has an average rating of “Moderate Buy” and an average target price of $354.73.

Visa Trading Up 0.2 %

NYSE:V opened at $348.26 on Friday. 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 Inc. has a one year low of $252.70 and a one year high of $351.25. The company has a market cap of $648.77 billion, a PE ratio of 35.11, a PEG ratio of 2.30 and a beta of 0.97. The firm has a 50-day moving average of $320.41 and a 200-day moving average of $295.12.

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 the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, equities research analysts expect that Visa Inc. will post 11.2 EPS for the current fiscal year.

Visa Announces Dividend

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

Visa 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.