40,278 Shares in Visa Inc. (NYSE:V) Bought by Calton & Associates Inc.

Calton & Associates Inc. acquired a new position in shares of Visa Inc. (NYSE:V) in the first quarter, HoldingsChannel reports. The fund acquired 40,278 shares of the credit-card processor’s stock, valued at approximately $14,116,000. Visa accounts for 1.7% of Calton & Associates Inc.’s holdings, making the stock its 11th biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in V. von Borstel & Associates Inc. acquired a new position in shares of Visa during the first quarter worth about $27,000. Sellwood Investment Partners LLC bought a new stake in Visa during the fourth quarter worth about $41,000. Mountain Hill Investment Partners Corp. bought a new stake in Visa during the fourth quarter worth about $47,000. Measured Risk Portfolios Inc. bought a new stake in Visa during the fourth quarter worth about $47,000. Finally, O Brien Wealth Partners LLC bought a new stake in Visa during the first quarter worth about $54,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Performance

Visa stock traded down $0.91 during trading on Friday, hitting $348.90. The stock had a trading volume of 4,916,998 shares, compared to its average volume of 6,795,709. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $375.51. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45. The stock’s 50 day moving average is $356.82 and its two-hundred day moving average is $343.63. The stock has a market cap of $643.78 billion, a price-to-earnings ratio of 35.07, a price-to-earnings-growth ratio of 2.37 and a beta of 0.92.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.08. The business had revenue of $9.59 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.51 EPS. As a group, analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa’s dividend payout ratio is 23.72%.

Insider Buying and Selling at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the sale, the general counsel owned 11,925 shares in the company, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 46,214 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the completion of the sale, the insider owned 26,413 shares in the company, valued at $9,772,810. This represents a 63.63% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 101,108 shares of company stock valued at $36,771,200. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on V shares. Jefferies Financial Group increased their target price on Visa from $400.00 to $410.00 and gave the stock a “buy” rating in a research note on Tuesday, May 27th. Barclays reissued an “overweight” rating on shares of Visa in a research report on Friday, June 13th. Wall Street Zen raised Visa from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Mizuho raised Visa from a “neutral” rating to an “outperform” rating and raised their target price for the company from $359.00 to $425.00 in a report on Thursday, June 5th. Finally, The Goldman Sachs Group began coverage on Visa in a report on Monday, June 2nd. They issued a “neutral” rating on the stock. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average target price of $375.52.

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.