MV Capital Management Inc. boosted its stake in shares of Visa Inc. (NYSE:V – Get Rating) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,921 shares of the credit-card processor’s stock after buying an additional 504 shares during the period. MV Capital Management Inc.’s holdings in Visa were worth $3,100,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. McClarren Financial Advisors Inc. purchased a new stake in shares of Visa during the 3rd quarter valued at approximately $26,000. Global Wealth Strategies & Associates purchased a new position in Visa in the fourth quarter worth approximately $26,000. Cowa LLC acquired a new stake in Visa during the third quarter worth $29,000. JDM Financial Group LLC purchased a new stake in Visa in the fourth quarter valued at $29,000. Finally, McElhenny Sheffield Capital Management LLC acquired a new position in shares of Visa in the 4th quarter valued at $31,000. 81.87% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Visa
In other Visa news, General Counsel Julie B. Rottenberg sold 13,394 shares of the firm’s stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $219.00, for a total transaction of $2,933,286.00. Following the transaction, the general counsel now owns 4,583 shares of the company’s stock, valued at $1,003,677. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Chairman Alfred F. Kelly, Jr. sold 58,000 shares of the company’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $223.99, for a total value of $12,991,420.00. Following the completion of the sale, the chairman now owns 162,354 shares in the company, valued at approximately $36,365,672.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Julie B. Rottenberg sold 13,394 shares of the stock in a transaction on Friday, February 24th. The stock was sold at an average price of $219.00, for a total transaction of $2,933,286.00. Following the sale, the general counsel now owns 4,583 shares of the company’s stock, valued at approximately $1,003,677. The disclosure for this sale can be found here. In the last quarter, insiders sold 133,115 shares of company stock worth $30,115,598. 0.21% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Visa Price Performance
Visa stock opened at $226.43 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.59. The company has a fifty day simple moving average of $223.68 and a 200-day simple moving average of $211.40. The stock has a market cap of $425.91 billion, a P/E ratio of 31.67, a price-to-earnings-growth ratio of 1.77 and a beta of 0.96. Visa Inc. has a 12-month low of $174.60 and a 12-month high of $234.30.
Visa (NYSE:V – Get Rating) last released its quarterly earnings data on Thursday, January 26th. The credit-card processor reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.17. Visa had a return on equity of 49.95% and a net margin of 50.28%. The business had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.70 billion. During the same period in the prior year, the firm posted $1.81 EPS. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities analysts expect that Visa Inc. will post 8.43 EPS for the current fiscal year.
Visa Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Friday, February 10th were paid a $0.45 dividend. This is a positive change from Visa’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Thursday, February 9th. Visa’s dividend payout ratio is currently 25.17%.
About Visa
Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).
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