Lee Danner & Bass Inc. Acquires 259 Shares of Visa Inc. (NYSE:V)

Lee Danner & Bass Inc. lifted its holdings in shares of Visa Inc. (NYSE:V) by 0.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,127 shares of the credit-card processor’s stock after acquiring an additional 259 shares during the quarter. Visa accounts for about 1.4% of Lee Danner & Bass Inc.’s holdings, making the stock its 13th largest position. Lee Danner & Bass Inc.’s holdings in Visa were worth $16,175,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Altshuler Shaham Ltd bought a new stake in shares of Visa during the third quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new stake in Visa during the 4th quarter worth approximately $32,000. Nalls Sherbakoff Group LLC lifted its stake in Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after purchasing an additional 120 shares in the last quarter. Valued Wealth Advisors LLC purchased a new stake in Visa in the 4th quarter worth approximately $37,000. Finally, Macroview Investment Management LLC grew its position in shares of Visa by 1,019.2% during the 3rd quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock valued at $67,000 after purchasing an additional 265 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Citigroup raised their price target on Visa from $296.00 to $306.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Raymond James raised their price objective on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Wells Fargo & Company boosted their target price on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Susquehanna raised their price target on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Finally, UBS Group lifted their price target on Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $298.43.

Insiders Place Their Bets

In other news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the transaction, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,965 shares of company stock worth $5,256,352. Company insiders own 0.19% of the company’s stock.

Visa Stock Up 0.9 %

Shares of V stock opened at $272.31 on Tuesday. 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 fifty-two week low of $216.14 and a fifty-two week high of $290.96. The firm has a market capitalization of $500.10 billion, a PE ratio of 31.34, a P/E/G ratio of 1.86 and a beta of 0.96. The stock’s 50-day simple moving average is $279.52 and its 200-day simple moving average is $263.62.

Visa (NYSE:V) last posted its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.18 earnings per share. Equities analysts expect that Visa Inc. will post 9.88 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were issued a $0.52 dividend. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. Visa’s payout ratio is 23.94%.

About Visa

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.