Kelly Lawrence W & Associates Inc. CA Boosts Stock Holdings in Visa Inc. (NYSE:V)

Kelly Lawrence W & Associates Inc. CA lifted its holdings in Visa Inc. (NYSE:V) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,058 shares of the credit-card processor’s stock after buying an additional 150 shares during the period. Visa makes up approximately 3.5% of Kelly Lawrence W & Associates Inc. CA’s portfolio, making the stock its 10th biggest holding. Kelly Lawrence W & Associates Inc. CA’s holdings in Visa were worth $15,188,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Decker Retirement Planning Inc. bought a new position in Visa in the 4th quarter valued at $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in Visa during the fourth quarter valued at about $27,000. POM Investment Strategies LLC increased its holdings in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after buying an additional 32 shares during the last quarter. Modus Advisors LLC purchased a new stake in Visa during the fourth quarter worth about $32,000. Finally, Compass Planning Associates Inc purchased a new position in Visa in the fourth quarter valued at about $32,000. 82.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. UBS Group lifted their price objective on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Barclays lifted their target price on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. raised their price objective on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. StockNews.com downgraded shares of Visa from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Oppenheimer reissued an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average price target of $355.84.

Insider Buying and Selling

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the transaction, the general counsel now owns 11,925 shares of the company’s stock, valued at $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,205 shares of company stock valued at $48,842,490 over the last ninety days. Company insiders own 0.13% of the company’s stock.

Visa Price Performance

Shares of Visa stock opened at $329.26 on Friday. The company has a market cap of $611.69 billion, a PE ratio of 33.19, a P/E/G ratio of 2.33 and a beta of 0.94. The business has a 50 day moving average of $340.68 and a 200 day moving average of $320.74. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.72%. Visa’s dividend payout ratio is presently 23.79%.

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.