Visa Inc. (NYSE:V) Shares Sold by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. decreased its position in Visa Inc. (NYSE:V) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,684 shares of the credit-card processor’s stock after selling 147 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in Visa were worth $848,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Peterson Financial Group Inc. acquired a new stake in shares of Visa during the 3rd quarter valued at $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of Visa during the fourth quarter valued at $26,000. Reston Wealth Management LLC acquired a new position in shares of Visa in the 3rd quarter valued at $31,000. Modus Advisors LLC purchased a new position in Visa in the 4th quarter worth about $32,000. Finally, West Financial Advisors LLC raised its holdings in Visa by 101.4% during the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock worth $40,000 after buying an additional 73 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Price Performance

NYSE V opened at $343.26 on Friday. The stock has a market capitalization of $639.46 billion, a PE ratio of 35.28, a P/E/G ratio of 2.17 and a beta of 0.96. The stock has a 50-day simple moving average of $316.43 and a 200 day simple moving average of $292.09. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $344.44.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.96% and a return on equity of 53.16%. Research analysts anticipate that Visa Inc. will post 11.19 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.69%. Visa’s dividend payout ratio is currently 24.25%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on V shares. Jefferies Financial Group lifted their target price on shares of Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Morgan Stanley lifted their price objective on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Bank of America upped their price target on Visa from $314.00 to $331.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Finally, BMO Capital Markets raised their price objective on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $335.52.

Insider Activity at Visa

In other 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 completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, January 2nd. The shares were 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. 0.13% of the stock is owned by corporate insiders.

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.