Visa Inc. $V is Dillon & Associates Inc.’s 3rd Largest Position

Dillon & Associates Inc. lifted its position in shares of Visa Inc. (NYSE:V) by 0.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 116,531 shares of the credit-card processor’s stock after purchasing an additional 165 shares during the quarter. Visa comprises approximately 5.6% of Dillon & Associates Inc.’s holdings, making the stock its 3rd largest holding. Dillon & Associates Inc.’s holdings in Visa were worth $41,369,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Sunburst Financial Group LLC grew its holdings in shares of Visa by 7.9% during the 2nd quarter. Sunburst Financial Group LLC now owns 3,116 shares of the credit-card processor’s stock worth $1,106,000 after purchasing an additional 228 shares during the period. Oakwell Private Wealth Management LLC grew its holdings in shares of Visa by 6.8% during the 2nd quarter. Oakwell Private Wealth Management LLC now owns 4,618 shares of the credit-card processor’s stock worth $1,640,000 after purchasing an additional 293 shares during the period. RiverGlades Family Offices LLC purchased a new stake in shares of Visa during the 2nd quarter worth about $483,000. Lord & Richards Wealth Management LLC grew its holdings in shares of Visa by 10.1% during the 2nd quarter. Lord & Richards Wealth Management LLC now owns 4,782 shares of the credit-card processor’s stock worth $1,698,000 after purchasing an additional 440 shares during the period. Finally, Milestone Asset Management LLC grew its holdings in shares of Visa by 41.2% during the 2nd quarter. Milestone Asset Management LLC now owns 7,005 shares of the credit-card processor’s stock worth $2,487,000 after purchasing an additional 2,045 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In related news, Director Lloyd Carney sold 900 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $336.48, for a total transaction of $302,832.00. Following the completion of the transaction, the director directly owned 2,468 shares in the company, valued at $830,432.64. This represents a 26.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the transaction, the general counsel directly owned 11,925 shares of the company’s stock, valued at approximately $4,102,438.50. The trade was a 14.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,897 shares of company stock worth $8,164,561 in the last three months. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on V shares. UBS Group set a $425.00 target price on Visa and gave the stock a “buy” rating in a report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Visa in a research report on Wednesday, October 8th. Truist Financial reduced their price target on Visa from $400.00 to $397.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. KeyCorp reissued an “overweight” rating and set a $405.00 price target on shares of Visa in a research report on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft started coverage on Visa in a research report on Thursday, July 17th. They set a “buy” rating and a $410.00 price target on the stock. Four analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $400.00.

Visa Stock Performance

Shares of V opened at $340.31 on Thursday. The business’s 50 day moving average is $344.10 and its two-hundred day moving average is $348.59. Visa Inc. has a 52-week low of $299.00 and a 52-week high of $375.51. The firm has a market cap of $623.72 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 2.06 and a beta of 0.87. The company has a quick ratio of 1.12, a current ratio of 1.08 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last announced its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.01. Visa had a return on equity of 60.31% and a net margin of 50.15%.The company had revenue of $10.72 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period in the prior year, the company posted $2.71 EPS. Visa’s quarterly revenue was up 11.5% on a year-over-year basis. Analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.8%. This is a boost from Visa’s previous quarterly dividend of $0.59. The ex-dividend date is Wednesday, November 12th. Visa’s dividend payout ratio (DPR) is 23.11%.

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.