Benedict Financial Advisors Inc. Purchases 220 Shares of Visa Inc. (NYSE:V)

Benedict Financial Advisors Inc. grew its position in Visa Inc. (NYSE:V) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,846 shares of the credit-card processor’s stock after purchasing an additional 220 shares during the quarter. Visa comprises approximately 1.7% of Benedict Financial Advisors Inc.’s investment portfolio, making the stock its 13th biggest position. Benedict Financial Advisors Inc.’s holdings in Visa were worth $6,904,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Peterson Financial Group Inc. acquired a new position in shares of Visa during the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. acquired a new stake in Visa during the fourth quarter worth approximately $26,000. Reston Wealth Management LLC bought a new position in Visa during the 3rd quarter worth $31,000. Modus Advisors LLC acquired a new position in Visa in the 4th quarter valued at $32,000. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of Visa during the 4th quarter valued at $44,000. Institutional investors own 82.15% of the company’s stock.

Visa Stock Up 0.9 %

Shares of NYSE:V opened at $351.26 on Tuesday. The firm has a market cap of $652.56 billion, a P/E ratio of 35.41, a P/E/G ratio of 2.32 and a beta of 0.97. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $351.90. The business has a fifty day simple moving average of $321.08 and a 200 day simple moving average of $296.19. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Analysts predict that Visa Inc. will post 11.27 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Oppenheimer raised their price target on Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. TD Cowen boosted their target price on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Raymond James restated an “outperform” rating and set a $393.00 price objective (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Finally, Susquehanna raised their target price on Visa from $375.00 to $395.00 and gave the company a “positive” rating in a report on Friday, January 31st. Four investment 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $354.73.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the sale, the insider now owns 36,566 shares of the company’s stock, valued at $12,789,689.82. This represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,056 shares of company stock worth $19,830,050 over the last three months. 0.13% of the stock is owned by company insiders.

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.