Raab & Moskowitz Asset Management LLC Buys 3,743 Shares of Visa Inc. (NYSE:V)

Raab & Moskowitz Asset Management LLC raised its stake in Visa Inc. (NYSE:V) by 46.8% in the first quarter, Holdings Channel reports. The fund owned 11,742 shares of the credit-card processor’s stock after purchasing an additional 3,743 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in Visa were worth $2,486,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. OLD Mission Capital LLC bought a new position in Visa in the 3rd quarter valued at approximately $373,000. Sei Investments Co. raised its holdings in Visa by 2.0% in the 3rd quarter. Sei Investments Co. now owns 1,273,515 shares of the credit-card processor’s stock valued at $254,640,000 after buying an additional 24,593 shares during the last quarter. Park National Corp OH raised its holdings in Visa by 5.5% in the 4th quarter. Park National Corp OH now owns 155,929 shares of the credit-card processor’s stock valued at $34,107,000 after buying an additional 8,137 shares during the last quarter. Red Spruce Capital LLC raised its holdings in Visa by 5.8% in the 4th quarter. Red Spruce Capital LLC now owns 3,377 shares of the credit-card processor’s stock valued at $739,000 after buying an additional 184 shares during the last quarter. Finally, Thomasville National Bank raised its holdings in Visa by 0.5% in the 4th quarter. Thomasville National Bank now owns 88,318 shares of the credit-card processor’s stock valued at $19,318,000 after buying an additional 411 shares during the last quarter. 80.50% of the stock is owned by hedge funds and other institutional investors.

V stock traded down $1.66 during mid-day trading on Tuesday, reaching $230.95. 40,264 shares of the company traded hands, compared to its average volume of 9,462,850. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.91 and a quick ratio of 1.91. The company has a market capitalization of $450.89 billion, a P/E ratio of 47.35, a P/E/G ratio of 3.80 and a beta of 0.96. Visa Inc. has a 52-week low of $171.72 and a 52-week high of $237.50. The company has a fifty day moving average price of $221.11 and a 200-day moving average price of $210.57.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 27th. The credit-card processor reported $1.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.12. Visa had a return on equity of 37.22% and a net margin of 49.74%. The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $5.54 billion. During the same quarter in the previous year, the firm earned $1.39 earnings per share. Visa’s revenue was down 2.1% on a year-over-year basis. As a group, analysts forecast that Visa Inc. will post 5.45 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 1st. Stockholders of record on Friday, May 14th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Thursday, May 13th. Visa’s payout ratio is 25.40%.

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 31st. The stock was sold at an average price of $212.55, for a total value of $1,912,950.00. Following the completion of the sale, the chief executive officer now owns 163,112 shares in the company, valued at approximately $34,669,455.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Ryan Mcinerney sold 11,193 shares of the business’s stock in a transaction that occurred on Monday, February 8th. The stock was sold at an average price of $210.00, for a total value of $2,350,530.00. Following the completion of the sale, the president now owns 11,193 shares of the company’s stock, valued at approximately $2,350,530. The disclosure for this sale can be found here. Insiders have sold 133,843 shares of company stock valued at $29,838,958 in the last three months. 0.19% of the stock is owned by insiders.

V has been the subject of a number of recent analyst reports. Raymond James increased their target price on shares of Visa from $233.00 to $268.00 and gave the company an “outperform” rating in a research report on Tuesday. Credit Suisse Group raised their price objective on shares of Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Tuesday. Jefferies Financial Group lifted their price target on shares of Visa from $260.00 to $275.00 and gave the company a “buy” rating in a research report on Tuesday. Wells Fargo & Company lifted their price target on shares of Visa from $240.00 to $265.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Morgan Stanley lifted their price target on shares of Visa from $258.00 to $279.00 and gave the company an “overweight” rating in a research report on Monday. Two analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $246.32.

Visa Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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