MassMutual Private Wealth & Trust FSB Sells 2,702 Shares of Visa Inc. (NYSE:V)

MassMutual Private Wealth & Trust FSB lowered its position in shares of Visa Inc. (NYSE:VFree Report) by 1.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 160,942 shares of the credit-card processor’s stock after selling 2,702 shares during the period. Visa accounts for 1.4% of MassMutual Private Wealth & Trust FSB’s investment portfolio, making the stock its 12th largest holding. MassMutual Private Wealth & Trust FSB’s holdings in Visa were worth $50,864,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Decker Retirement Planning Inc. bought a new stake in Visa during the 4th quarter valued at approximately $26,000. Peterson Financial Group Inc. purchased a new stake in Visa during the 3rd quarter valued at approximately $26,000. Modus Advisors LLC bought a new stake in shares of Visa during the fourth quarter valued at approximately $32,000. Reston Wealth Management LLC bought a new position in shares of Visa during the third quarter worth $31,000. Finally, West Financial Advisors LLC grew its stake in Visa by 101.4% during the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after acquiring an additional 73 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Visa Price Performance

Shares of V stock opened at $323.76 on Wednesday. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $324.58. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The stock has a fifty day simple moving average of $313.59 and a two-hundred day simple moving average of $289.09. The stock has a market capitalization of $603.12 billion, a price-to-earnings ratio of 33.27, a P/E/G ratio of 2.15 and a beta of 0.96.

Visa (NYSE:VGet Free Report) last issued its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same period in the prior year, the business earned $2.33 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. On average, analysts predict that Visa Inc. will post 11.2 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were paid a $0.59 dividend. This is an increase from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.73%. Visa’s payout ratio is 24.25%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on V. Macquarie lifted their target price on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Mizuho raised their target price on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Wells Fargo & Company upped their price target on shares of Visa from $325.00 to $360.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Finally, Barclays lifted their price objective on shares of Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $331.92.

View Our Latest Stock Analysis on V

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.

Further Reading

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:VFree Report).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.