Visa Inc. (NYSE:V) Shares Purchased by Capital Analysts LLC

Capital Analysts LLC grew its holdings in shares of Visa Inc. (NYSE:V) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,741 shares of the credit-card processor’s stock after buying an additional 1,197 shares during the quarter. Capital Analysts LLC’s holdings in Visa were worth $15,404,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in V. Decker Retirement Planning Inc. bought a new position in shares of Visa in the 4th quarter worth about $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Visa during the fourth quarter worth about $27,000. POM Investment Strategies LLC raised its stake in Visa by 48.5% during the fourth 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 during the period. Modus Advisors LLC bought a new position in Visa in the fourth quarter worth about $32,000. Finally, Compass Planning Associates Inc acquired a new position in Visa in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Trading Down 0.1 %

Shares of NYSE:V opened at $335.50 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $623.28 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 2.33 and a beta of 0.94. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The company has a 50 day moving average price of $338.42 and a 200 day moving average price of $322.35.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.70%. Visa’s payout ratio is presently 23.79%.

Wall Street Analyst Weigh In

V has been the topic of several recent research reports. Raymond James reissued an “outperform” rating and issued a $393.00 price target (up previously from $374.00) on shares of Visa in a report on Friday, January 31st. Bank of America increased their target price on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. The Goldman Sachs Group boosted their price target on shares of Visa from $346.00 to $384.00 and gave the company a “buy” rating in a report on Friday, January 31st. Citigroup reaffirmed a “neutral” rating on shares of Visa in a report on Thursday, February 13th. Finally, StockNews.com downgraded shares of Visa from a “buy” rating to a “hold” rating in a research report on Wednesday, April 16th. Seven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $358.17.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Monday, March 3rd. The stock was 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 of the company’s stock, valued at approximately $194,931. This represents a 94.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the sale, the insider now owns 26,413 shares of the company’s stock, valued at $8,642,333.60. The trade was a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,205 shares of company stock valued at $48,842,490. 0.13% of the stock is currently owned by corporate 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.