Jacobs & Co. CA Has $26.74 Million Stake in Visa Inc. (NYSE:V)

Jacobs & Co. CA reduced its holdings in Visa Inc. (NYSE:V) by 2.2% in the 4th quarter, HoldingsChannel reports. The fund owned 84,621 shares of the credit-card processor’s stock after selling 1,898 shares during the period. Visa comprises approximately 2.7% of Jacobs & Co. CA’s holdings, making the stock its 6th biggest position. Jacobs & Co. CA’s holdings in Visa were worth $26,743,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. AdvisorShares Investments LLC lifted its stake in Visa by 4.3% in the second quarter. AdvisorShares Investments LLC now owns 1,695 shares of the credit-card processor’s stock valued at $446,000 after purchasing an additional 70 shares during the last quarter. Qsemble Capital Management LP lifted its position in Visa by 187.7% in the second quarter. Qsemble Capital Management LP now owns 15,550 shares of the credit-card processor’s stock valued at $4,081,000 after purchasing an additional 10,146 shares during the last quarter. Cibc World Market Inc. raised its position in Visa by 2.2% during the 2nd quarter. Cibc World Market Inc. now owns 882,371 shares of the credit-card processor’s stock valued at $231,596,000 after purchasing an additional 19,232 shares during the last quarter. Y.D. More Investments Ltd raised its position in shares of Visa by 9.4% in the 2nd quarter. Y.D. More Investments Ltd now owns 17,109 shares of the credit-card processor’s stock worth $4,490,000 after acquiring an additional 1,466 shares in the last quarter. Finally, Achmea Investment Management B.V. increased its stake in shares of Visa by 3.5% in the 2nd quarter. Achmea Investment Management B.V. now owns 185,329 shares of the credit-card processor’s stock worth $48,644,000 after acquiring an additional 6,253 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on V shares. Mizuho upped their target price on shares of Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Monness Crespi & Hardt restated a “neutral” rating on shares of Visa in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft lifted their target price on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Bank of America upped their price target on Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Finally, Macquarie lifted their price objective on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $330.85.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Visa Stock Down 1.6 %

Shares of V stock traded down $4.94 during mid-day trading on Friday, hitting $307.66. 3,659,804 shares of the stock traded hands, compared to its average volume of 4,985,953. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $321.61. The stock has a market cap of $573.13 billion, a P/E ratio of 31.62, a P/E/G ratio of 2.11 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The stock’s fifty day moving average is $311.80 and its two-hundred day moving average is $286.63.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the prior year, the company posted $2.33 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities analysts predict that Visa Inc. will post 11.23 EPS for the current year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were given a dividend of $0.59 per share. This is an increase from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a yield of 0.77%. The ex-dividend date was Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is currently 24.25%.

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.