Wedgewood Investors Inc. PA Reduces Stake in Visa Inc. (NYSE:V)

Wedgewood Investors Inc. PA cut its stake in shares of Visa Inc. (NYSE:V) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,520 shares of the credit-card processor’s stock after selling 175 shares during the period. Visa accounts for about 1.3% of Wedgewood Investors Inc. PA’s portfolio, making the stock its 21st biggest position. Wedgewood Investors Inc. PA’s holdings in Visa were worth $1,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of V. Peterson Financial Group Inc. bought a new stake in shares of Visa during the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. purchased a new stake in Visa in the fourth quarter worth $26,000. Reston Wealth Management LLC bought a new stake in shares of Visa during the third quarter worth $31,000. POM Investment Strategies LLC boosted its stake in shares of Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares during the period. Finally, Modus Advisors LLC bought a new position in shares of Visa in the fourth quarter worth about $32,000. 82.15% of the stock is owned by institutional investors.

Visa Stock Performance

Shares of V stock opened at $353.73 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The business has a fifty day moving average of $325.14 and a 200 day moving average of $299.42. The firm has a market capitalization of $657.15 billion, a price-to-earnings ratio of 35.66, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $356.08.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts’ consensus estimates 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, research analysts expect that Visa Inc. will post 11.27 earnings per share for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. Visa’s payout ratio is currently 23.79%.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the transaction, the general counsel now directly owns 11,925 shares of the company’s stock, valued at approximately $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 58,056 shares of company stock valued at $19,830,050 over the last 90 days. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the topic of a number of research analyst reports. William Blair restated an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Oppenheimer raised their price objective on Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Macquarie upped their target price on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised their price target on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Barclays upped their price objective on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average target price of $354.73.

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.