Hartford Financial Management Inc. Has $4.83 Million Stock Holdings in Visa Inc. (NYSE:V)

Hartford Financial Management Inc. decreased its position in Visa Inc. (NYSE:V) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,284 shares of the credit-card processor’s stock after selling 421 shares during the period. Hartford Financial Management Inc.’s holdings in Visa were worth $4,830,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Decker Retirement Planning Inc. bought a new position in Visa in the fourth quarter valued at about $26,000. Peterson Financial Group Inc. bought a new position in Visa in the third quarter valued at about $26,000. Modus Advisors LLC bought a new position in Visa in the fourth quarter valued at about $32,000. Reston Wealth Management LLC bought a new position in Visa in the third quarter valued at about $31,000. Finally, Sugar Maple Asset Management LLC bought a new position in Visa in the fourth quarter valued at about $44,000. Institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In other news, insider Paul D. Fabara sold 2,171 shares of the business’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 completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Visa Stock Down 0.3 %

NYSE:V opened at $342.05 on Monday. The firm has a market capitalization of $637.19 billion, a price-to-earnings ratio of 35.15, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $351.25. The stock’s 50 day moving average price is $317.74 and its two-hundred day moving average price is $293.12. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 53.16% and a net margin of 54.96%. Equities research analysts expect that Visa Inc. will post 11.18 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.69%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on V shares. William Blair restated an “outperform” rating on shares of Visa in a report on Friday. Susquehanna raised their target price on Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a report on Friday. Robert W. Baird raised their target price on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. The Goldman Sachs Group raised their target price on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday. Finally, Morgan Stanley raised their target price on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $352.27.

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.