Visa Inc. (NYSE:V) Shares Bought by Wilkinson Global Asset Management LLC

Wilkinson Global Asset Management LLC raised its holdings in Visa Inc. (NYSE:V) by 0.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 163,394 shares of the credit-card processor’s stock after acquiring an additional 173 shares during the period. Visa comprises 3.2% of Wilkinson Global Asset Management LLC’s portfolio, making the stock its 15th biggest holding. Wilkinson Global Asset Management LLC’s holdings in Visa were worth $51,639,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Peterson Financial Group Inc. acquired a new stake in Visa during the 3rd quarter worth about $26,000. Decker Retirement Planning Inc. acquired a new stake in Visa during the 4th quarter worth about $26,000. Reston Wealth Management LLC acquired a new stake in Visa during the 3rd quarter worth about $31,000. POM Investment Strategies LLC raised its holdings in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after buying an additional 32 shares during the period. Finally, Modus Advisors LLC acquired a new stake in Visa during the 4th quarter worth about $32,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Down 1.3 %

Shares of Visa stock opened at $350.45 on Friday. The stock has a market capitalization of $651.05 billion, a P/E ratio of 35.33, a PEG ratio of 2.37 and a beta of 0.97. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a 50 day moving average price of $328.47 and a two-hundred day moving average price of $301.39. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $357.15.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating 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%. Equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. Visa’s dividend payout ratio is 23.79%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Citigroup boosted their price objective on Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods boosted their price objective on Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Oppenheimer boosted their price objective on Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Jefferies Financial Group upped their target price on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Macquarie upped their target price on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $354.73.

Insider Activity

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the transaction, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,885 shares of company stock valued at $19,161,447. 0.13% of the stock is owned by company 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.