Visa Inc. (NYSE:V) Stock Position Raised by Zimmermann Investment Management & Planning LLC

Zimmermann Investment Management & Planning LLC lifted its position in Visa Inc. (NYSE:VFree Report) by 7.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,894 shares of the credit-card processor’s stock after acquiring an additional 264 shares during the quarter. Zimmermann Investment Management & Planning LLC’s holdings in Visa were worth $1,014,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in V. Moneta Group Investment Advisors LLC increased its stake in shares of Visa by 116,608.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock worth $5,090,978,000 after purchasing an additional 24,483,134 shares during the last quarter. Norges Bank acquired a new position in Visa in the 4th quarter valued at $3,067,232,000. Morgan Stanley grew its stake in Visa by 13.0% in the 4th quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock valued at $10,621,287,000 after buying an additional 5,864,340 shares during the last quarter. State Street Corp grew its stake in Visa by 3.7% in the 1st quarter. State Street Corp now owns 72,897,112 shares of the credit-card processor’s stock valued at $16,435,339,000 after buying an additional 2,572,159 shares during the last quarter. Finally, FMR LLC boosted its holdings in Visa by 4.7% in the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock valued at $11,582,785,000 after purchasing an additional 2,257,605 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling

In other Visa news, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at $62,716,662.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the transaction, the insider now owns 232,112 shares in the company, valued at $62,716,662.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,511 shares of company stock worth $15,131,081. Insiders own 0.19% of the company’s stock.

Visa Stock Performance

Shares of V opened at $278.55 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The firm’s 50 day moving average price is $279.62 and its two-hundred day moving average price is $259.44. The firm has a market cap of $511.56 billion, a P/E ratio of 32.05, a PEG ratio of 1.92 and a beta of 0.96.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. The business had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.18 earnings per share. On average, analysts forecast that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were issued a dividend of $0.52 per share. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. Visa’s payout ratio is 23.94%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Jefferies Financial Group increased their price target on shares of Visa from $280.00 to $295.00 and gave the company a “buy” rating in a report on Tuesday, December 12th. Wedbush lifted their price target on shares of Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Susquehanna lifted their price target on shares of Visa from $300.00 to $326.00 and gave the company a “positive” rating in a report on Friday, January 26th. Evercore ISI raised their price objective on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Finally, Monness Crespi & Hardt began coverage on shares of Visa in a research report on Wednesday, December 20th. They issued a “neutral” rating for the company. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $295.82.

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About Visa

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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