Visa Inc. (NYSE:V) is Baxter Bros Inc.’s 4th Largest Position

Baxter Bros Inc. decreased its holdings in Visa Inc. (NYSE:V) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,584 shares of the credit-card processor’s stock after selling 1,085 shares during the period. Visa accounts for approximately 4.2% of Baxter Bros Inc.’s holdings, making the stock its 4th biggest holding. Baxter Bros Inc.’s holdings in Visa were worth $32,105,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Decker Retirement Planning Inc. bought a new stake in Visa in the fourth quarter worth about $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Visa during the 4th quarter valued at about $27,000. POM Investment Strategies LLC grew its stake in Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after acquiring an additional 32 shares in the last quarter. Modus Advisors LLC purchased a new position in shares of Visa during the fourth quarter worth approximately $32,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Visa during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Barclays increased their price target on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Raymond James reissued an “outperform” rating and set a $393.00 price objective (up from $374.00) on shares of Visa in a report on Friday, January 31st. UBS Group upped their target price on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Citigroup restated a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

Insiders Place Their Bets

In related news, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the completion of the transaction, the insider now directly owns 26,413 shares in the company, valued at $8,991,249.33. The trade was a 59.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the sale, the chief executive officer now directly owns 537 shares in the company, valued at approximately $194,931. The trade was a 94.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 143,205 shares of company stock worth $48,560,961. 0.13% of the stock is owned by corporate insiders.

Visa Stock Performance

Shares of V stock opened at $343.96 on Tuesday. The firm has a market cap of $639.00 billion, a price-to-earnings ratio of 34.67, a PEG ratio of 2.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The stock’s 50-day moving average is $341.23 and its two-hundred day moving average is $313.75.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping 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%. Analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is 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.