Lockheed Martin Investment Management Co. Decreases Stake in Visa Inc. (NYSE:V)

Lockheed Martin Investment Management Co. trimmed its holdings in shares of Visa Inc. (NYSE:V) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,020 shares of the credit-card processor’s stock after selling 320 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in Visa were worth $7,591,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of V. Y.D. More Investments Ltd raised its holdings in Visa by 7.5% in the fourth quarter. Y.D. More Investments Ltd now owns 18,377 shares of the credit-card processor’s stock valued at $5,810,000 after acquiring an additional 1,280 shares in the last quarter. Jackson Wealth Management LLC raised its stake in shares of Visa by 0.6% in the 4th quarter. Jackson Wealth Management LLC now owns 14,599 shares of the credit-card processor’s stock valued at $4,614,000 after purchasing an additional 87 shares in the last quarter. Hager Investment Management Services LLC bought a new position in shares of Visa during the fourth quarter worth about $1,972,000. Stratos Investment Management LLC grew its stake in Visa by 1.9% in the fourth quarter. Stratos Investment Management LLC now owns 7,042 shares of the credit-card processor’s stock worth $2,226,000 after purchasing an additional 130 shares in the last quarter. Finally, Stratos Wealth Advisors LLC increased its holdings in Visa by 1.5% in the fourth quarter. Stratos Wealth Advisors LLC now owns 38,391 shares of the credit-card processor’s stock valued at $12,133,000 after buying an additional 571 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insiders Place Their Bets

In other news, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares of the company’s stock, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,056 shares of company stock valued at $19,830,050 over the last ninety days. Corporate insiders own 0.13% of the company’s stock.

Visa Trading Up 0.2 %

Shares of NYSE:V opened at $348.26 on Friday. The stock has a market capitalization of $648.77 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 2.30 and a beta of 0.97. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $351.25. The company has a 50 day moving average price of $320.41 and a 200 day moving average price of $295.12. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) 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%. On average, research analysts anticipate that Visa Inc. will post 11.2 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa’s dividend payout ratio is currently 23.79%.

Analyst Ratings Changes

Several research firms recently issued reports on V. Keefe, Bruyette & Woods upped their price target on Visa from $360.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Robert W. Baird upped their target price on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Susquehanna raised their price target on Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a report on Friday, January 31st. Finally, Mizuho upped their price objective on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $354.73.

Visa Company 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.