Visa Inc. (NYSE:V) is Mogy Joel R Investment Counsel Inc.’s 9th Largest Position

Mogy Joel R Investment Counsel Inc. decreased its stake in Visa Inc. (NYSE:V) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 185,548 shares of the credit-card processor’s stock after selling 3,406 shares during the quarter. Visa comprises 3.6% of Mogy Joel R Investment Counsel Inc.’s portfolio, making the stock its 9th biggest holding. Mogy Joel R Investment Counsel Inc.’s holdings in Visa were worth $48,307,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Altshuler Shaham Ltd purchased a new position in shares of Visa in the 3rd quarter worth approximately $25,000. O Brien Wealth Partners LLC purchased a new position in Visa during the 4th quarter valued at $32,000. Valued Wealth Advisors LLC purchased a new position in Visa during the 4th quarter valued at $37,000. Stuart Chaussee & Associates Inc. boosted its holdings in Visa by 66.2% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock valued at $61,000 after acquiring an additional 94 shares during the period. Finally, Life Planning Partners Inc purchased a new position in Visa during the 4th quarter valued at $71,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In other news, Director Lloyd Carney sold 909 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the sale, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Lloyd Carney sold 909 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the sale, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. Insiders sold a total of 19,874 shares of company stock worth $5,506,827 over the last ninety days. Company insiders own 0.19% of the company’s stock.

Visa Trading Down 0.2 %

Visa stock traded down $0.64 during mid-day trading on Friday, hitting $274.52. The company’s stock had a trading volume of 6,840,615 shares, compared to its average volume of 6,528,673. The firm has a market capitalization of $504.16 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The company has a current ratio of 1.40, a quick ratio of 1.45 and a debt-to-equity ratio of 0.53. The stock’s fifty day moving average is $279.24 and its two-hundred day moving average is $264.33.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same period last year, the business posted $2.09 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. On average, analysts anticipate that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. Visa’s dividend payout ratio is currently 23.24%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on V shares. Royal Bank of Canada lifted their target price on Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday. UBS Group lifted their target price on Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday. Susquehanna lifted their target price on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research report on Friday, January 26th. TD Cowen started coverage on Visa in a research report on Thursday, April 11th. They set a “buy” rating and a $320.00 target price for the company. Finally, Evercore ISI lifted their target price on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $302.58.

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.