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

Mogy Joel R Investment Counsel Inc. increased its holdings in Visa Inc. (NYSE:V) by 0.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 185,624 shares of the credit-card processor’s stock after purchasing an additional 202 shares during the quarter. Visa accounts for 3.5% of Mogy Joel R Investment Counsel Inc.’s investment portfolio, making the stock its 9th biggest position. Mogy Joel R Investment Counsel Inc.’s holdings in Visa were worth $58,665,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Decker Retirement Planning Inc. bought a new position in shares of Visa in the fourth quarter worth approximately $26,000. Peterson Financial Group Inc. bought a new stake in Visa in the 3rd quarter worth $26,000. Modus Advisors LLC purchased a new position in shares of Visa in the fourth quarter valued at about $32,000. Reston Wealth Management LLC bought a new position in shares of Visa during the third quarter valued at about $31,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in shares of Visa during the fourth quarter worth about $44,000. 82.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on V shares. Deutsche Bank Aktiengesellschaft upped their price target on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Citigroup upped their target price on Visa from $326.00 to $354.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Oppenheimer lifted their price target on shares of Visa from $321.00 to $375.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Mizuho upped their price objective on shares of Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $332.81.

Visa Stock Up 1.4 %

V stock opened at $328.18 on Friday. The stock has a market capitalization of $611.36 billion, a P/E ratio of 33.73, a P/E/G ratio of 2.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $328.51. The business has a fifty day moving average price of $314.14 and a 200-day moving average price of $289.71.

Visa (NYSE:V) last posted its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the prior year, the business earned $2.33 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities analysts forecast that Visa Inc. will post 11.2 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Tuesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.52. Visa’s payout ratio is 24.25%.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.