Folger Nolan Fleming Douglas Capital Management Inc. Sells 634 Shares of Visa Inc. (NYSE:V)

Folger Nolan Fleming Douglas Capital Management Inc. reduced its holdings in Visa Inc. (NYSE:V) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 59,877 shares of the credit-card processor’s stock after selling 634 shares during the quarter. Visa comprises 1.7% of Folger Nolan Fleming Douglas Capital Management Inc.’s investment portfolio, making the stock its 17th largest position. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Visa were worth $15,589,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Unique Wealth Strategies LLC bought a new stake in shares of Visa in the 4th quarter worth approximately $3,252,000. McCarthy Asset Management Inc. grew its position in shares of Visa by 33.5% in the 4th quarter. McCarthy Asset Management Inc. now owns 3,802 shares of the credit-card processor’s stock worth $990,000 after buying an additional 954 shares during the last quarter. Consolidated Planning Corp grew its position in shares of Visa by 10.3% in the 4th quarter. Consolidated Planning Corp now owns 8,405 shares of the credit-card processor’s stock worth $2,188,000 after buying an additional 785 shares during the last quarter. Alliance Wealth Advisors LLC UT boosted its position in shares of Visa by 0.9% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 16,544 shares of the credit-card processor’s stock valued at $4,307,000 after purchasing an additional 147 shares in the last quarter. Finally, Brio Consultants LLC boosted its position in shares of Visa by 39.1% during the fourth quarter. Brio Consultants LLC now owns 1,555 shares of the credit-card processor’s stock valued at $405,000 after purchasing an additional 437 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Down 0.2 %

Shares of V stock traded down $0.64 during mid-day trading on Friday, hitting $274.52. The company’s stock had a trading volume of 6,840,615 shares, compared to its average volume of 6,528,673. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The business has a 50-day moving average price of $279.24 and a 200 day moving average price of $264.52. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.45 and a current ratio of 1.40. The stock has a market cap of $504.16 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 1.89 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the previous year, the business earned $2.09 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. Research analysts predict that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s payout ratio is currently 23.24%.

Analyst Ratings Changes

Several research firms recently weighed in on V. Oppenheimer lifted their price target on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research report on Wednesday. Wells Fargo & Company lifted their price target on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Susquehanna lifted their price target on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research report on Friday, January 26th. Raymond James lifted their price target on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Finally, Barclays lifted their price target on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $302.58.

Insider Buying and Selling

In related news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. Insiders sold 19,874 shares of company stock valued at $5,506,827 over the last 90 days. Company insiders own 0.19% of the company’s stock.

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.