Midwest Professional Planners LTD. Acquires 107 Shares of Visa Inc. (NYSE:V)

Midwest Professional Planners LTD. boosted its holdings in Visa Inc. (NYSE:VGet Rating) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,874 shares of the credit-card processor’s stock after buying an additional 107 shares during the period. Midwest Professional Planners LTD.’s holdings in Visa were worth $1,056,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Joseph Group Capital Management bought a new position in Visa in the fourth quarter worth $1,429,000. Magnus Financial Group LLC lifted its position in Visa by 2.9% in the fourth quarter. Magnus Financial Group LLC now owns 2,699 shares of the credit-card processor’s stock worth $585,000 after purchasing an additional 77 shares during the period. Ropes Wealth Advisors LLC lifted its position in Visa by 12.6% in the fourth quarter. Ropes Wealth Advisors LLC now owns 8,072 shares of the credit-card processor’s stock worth $1,749,000 after purchasing an additional 905 shares during the period. Rhumbline Advisers lifted its position in Visa by 1.6% in the fourth quarter. Rhumbline Advisers now owns 2,896,501 shares of the credit-card processor’s stock worth $627,701,000 after purchasing an additional 44,299 shares during the period. Finally, L2 Asset Management LLC bought a new position in Visa in the fourth quarter worth $526,000. 80.77% of the stock is currently owned by institutional investors.

Several research analysts have issued reports on V shares. Piper Sandler lowered Visa from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $283.00 to $239.00 in a research note on Friday, April 29th. Morgan Stanley increased their price objective on Visa from $279.00 to $284.00 in a research note on Wednesday, April 27th. Cowen dropped their price objective on Visa from $276.00 to $254.00 in a research note on Wednesday, April 27th. StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a research note on Thursday, April 28th. Finally, upgraded Visa to a “buy” rating in a research note on Wednesday, February 9th. Six research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $265.24.

In other Visa news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company’s stock in a transaction on Monday, February 28th. The shares were sold at an average price of $216.00, for a total transaction of $1,944,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert W. Matschullat sold 1,114 shares of the company’s stock in a transaction on Wednesday, March 16th. The stock was sold at an average price of $210.94, for a total transaction of $234,987.16. The disclosure for this sale can be found here. Insiders have sold 41,047 shares of company stock valued at $9,030,622 in the last 90 days. 0.21% of the stock is currently owned by corporate insiders.

Shares of NYSE:V traded up $5.26 during trading on Friday, hitting $199.23. 6,684,482 shares of the company’s stock traded hands, compared to its average volume of 7,992,791. Visa Inc. has a 52 week low of $186.67 and a 52 week high of $252.67. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The company has a market cap of $378.79 billion, a price-to-earnings ratio of 31.33, a price-to-earnings-growth ratio of 1.68 and a beta of 0.90. The company has a 50-day moving average price of $211.67 and a 200-day moving average price of $212.88.

Visa (NYSE:VGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The credit-card processor reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.14. The firm had revenue of $7.19 billion during the quarter, compared to the consensus estimate of $6.82 billion. Visa had a return on equity of 42.89% and a net margin of 51.10%. The business’s revenue was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.38 EPS. On average, analysts predict that Visa Inc. will post 7.14 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Friday, May 13th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.75%. The ex-dividend date is Thursday, May 12th. Visa’s payout ratio is 23.58%.

About Visa (Get Rating)

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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