1,377 Shares in Visa Inc. (NYSE:V) Purchased by Berkshire Money Management Inc.

Berkshire Money Management Inc. bought a new stake in shares of Visa Inc. (NYSE:V) during the fourth quarter, Holdings Channel.com reports. The fund bought 1,377 shares of the credit-card processor’s stock, valued at approximately $435,000.

A number of other institutional investors have also added to or reduced their stakes in V. Decker Retirement Planning Inc. purchased a new stake in shares of Visa in the fourth quarter worth $26,000. Peterson Financial Group Inc. bought a new position in Visa in the 3rd quarter worth about $26,000. Modus Advisors LLC purchased a new stake in shares of Visa in the 4th quarter valued at about $32,000. Reston Wealth Management LLC bought a new stake in shares of Visa during the 3rd quarter valued at about $31,000. Finally, Sugar Maple Asset Management LLC purchased a new position in shares of Visa during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on V. JPMorgan Chase & Co. increased their price target on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. TD Cowen raised their price target on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Susquehanna lifted their price target on Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Morgan Stanley increased their price objective on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company upped their target price on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research note 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’s stock. Based on data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $354.73.

Visa Stock Performance

Shares of V opened at $348.26 on Friday. The company has a 50-day simple moving average of $320.41 and a two-hundred day simple moving average of $295.12. 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 firm has a market capitalization of $648.77 billion, a PE ratio of 35.11, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97. Visa Inc. has a one year low of $252.70 and a one year high of $351.25.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating 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%. On average, analysts anticipate that Visa Inc. will post 11.2 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa’s dividend payout ratio (DPR) is currently 23.79%.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the sale, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 58,056 shares of company stock valued at $19,830,050 over the last quarter. Corporate insiders own 0.13% 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.