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

Mogy Joel R Investment Counsel Inc. lessened its position in Visa Inc. (NYSE:V) by 1.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 185,548 shares of the credit-card processor’s stock after selling 3,406 shares during the quarter. Visa makes up about 3.6% of Mogy Joel R Investment Counsel Inc.’s holdings, making the stock its 9th biggest holding. Mogy Joel R Investment Counsel Inc.’s holdings in Visa were worth $48,307,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Trifecta Capital Advisors LLC raised its holdings in shares of Visa by 2.7% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock valued at $4,641,000 after purchasing an additional 536 shares in the last quarter. New Hampshire Trust raised its holdings in shares of Visa by 1.9% during the 3rd quarter. New Hampshire Trust now owns 13,944 shares of the credit-card processor’s stock valued at $3,207,000 after purchasing an additional 266 shares in the last quarter. CreativeOne Wealth LLC raised its holdings in shares of Visa by 2.7% during the 3rd quarter. CreativeOne Wealth LLC now owns 20,518 shares of the credit-card processor’s stock valued at $4,720,000 after purchasing an additional 542 shares in the last quarter. B.O.S.S. Retirement Advisors LLC grew its stake in Visa by 10.8% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 11,960 shares of the credit-card processor’s stock valued at $2,751,000 after buying an additional 1,166 shares during the last quarter. Finally, Nikulski Financial Inc. grew its stake in Visa by 4.0% in the 3rd quarter. Nikulski Financial Inc. now owns 12,928 shares of the credit-card processor’s stock valued at $2,974,000 after buying an additional 499 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. UBS Group raised their target price on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday. KeyCorp raised their target price on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, January 8th. Oppenheimer raised their price target on shares of Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research report on Wednesday. Mizuho restated a “neutral” rating and set a $265.00 price objective on shares of Visa in a report on Wednesday, March 27th. Finally, Macquarie boosted their price objective on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $302.58.

Visa Price Performance

NYSE:V traded down $0.64 on Friday, reaching $274.52. The stock had a trading volume of 6,840,615 shares, compared to its average volume of 6,528,673. The company has a market capitalization of $504.16 billion, a P/E 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 quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The stock has a fifty day moving average price of $279.24 and a 200-day moving average price of $264.33.

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

Visa Announces Dividend

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

Insider Activity at Visa

In other news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. Insiders have sold 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 Company 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.