Hobart Private Capital LLC Raises Stake in Visa Inc. (NYSE:V)

Hobart Private Capital LLC lifted its position in Visa Inc. (NYSE:V) by 46.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,126 shares of the credit-card processor’s stock after purchasing an additional 355 shares during the period. Hobart Private Capital LLC’s holdings in Visa were worth $356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of V. Decker Retirement Planning Inc. bought a new stake in Visa during the fourth quarter valued at about $26,000. Peterson Financial Group Inc. purchased a new stake in shares of Visa during the third quarter worth about $26,000. Modus Advisors LLC bought a new stake in Visa during the 4th quarter valued at approximately $32,000. Reston Wealth Management LLC purchased a new position in Visa in the 3rd quarter worth approximately $31,000. Finally, Sugar Maple Asset Management LLC bought a new position in Visa in the 4th quarter worth approximately $44,000. 82.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Insiders have sold 58,056 shares of company stock worth $19,830,050 in the last ninety days. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on V shares. Wells Fargo & Company boosted their target price on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Robert W. Baird boosted their price target on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada raised their price objective on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Susquehanna boosted their target price on Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a research report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $354.73.

Visa Stock Up 0.9 %

NYSE:V opened at $351.26 on Tuesday. The stock has a fifty day simple moving average of $321.08 and a 200-day simple moving average of $296.19. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. The company has a market cap of $652.56 billion, a price-to-earnings ratio of 35.41, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $351.90.

Visa (NYSE:V) last released its quarterly earnings data 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%. Analysts anticipate that Visa Inc. will post 11.27 EPS for the current year.

Visa Dividend Announcement

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