Beaton Management Co. Inc. Has $1.09 Million Stock Position in Visa Inc. (NYSE:V)

Beaton Management Co. Inc. raised its stake in Visa Inc. (NYSE:VGet Rating) by 4.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,922 shares of the credit-card processor’s stock after buying an additional 197 shares during the period. Beaton Management Co. Inc.’s holdings in Visa were worth $1,092,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Joseph Group Capital Management acquired a new position in shares of Visa during the fourth quarter worth $1,429,000. Monumental Financial Group Inc. bought a new stake in shares of Visa during the first quarter worth about $35,000. Rise Advisors LLC bought a new stake in shares of Visa during the fourth quarter worth about $35,000. James Investment Research Inc. boosted its holdings in Visa by 1,400.0% during the first quarter. James Investment Research Inc. now owns 180 shares of the credit-card processor’s stock worth $40,000 after purchasing an additional 168 shares during the last quarter. Finally, Rather & Kittrell Inc. purchased a new position in Visa during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 81.49% of the company’s stock.

Visa Trading Up 0.1 %

Shares of V opened at $200.71 on Friday. The company’s fifty day moving average is $207.67 and its 200 day moving average is $208.02. Visa Inc. has a fifty-two week low of $185.91 and a fifty-two week high of $236.96. The stock has a market capitalization of $379.43 billion, a PE ratio of 29.60, a P/E/G ratio of 1.62 and a beta of 0.90. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.43 and a current ratio of 1.43.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Friday, August 12th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.75%. The ex-dividend date was Thursday, August 11th. Visa’s dividend payout ratio is presently 22.12%.

Insider Buying and Selling

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the business’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $212.11, for a total value of $1,908,990.00. Following the sale, the chief executive officer now owns 156,887 shares in the company, valued at $33,277,301.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on V shares. Macquarie lowered their price target on shares of Visa from $270.00 to $260.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. Barclays upped their target price on shares of Visa from $263.00 to $271.00 and gave the stock an “overweight” rating in a report on Thursday, July 28th. Citigroup decreased their target price on shares of Visa from $270.00 to $254.00 in a report on Tuesday, July 26th. Mizuho decreased their target price on shares of Visa from $235.00 to $215.00 and set a “neutral” rating on the stock in a report on Friday, July 1st. Finally, Robert W. Baird decreased their price target on shares of Visa from $290.00 to $265.00 in a report on Wednesday, July 20th. Four analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $257.64.

Visa Profile

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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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