Visa Inc. (NYSE:V) Stake Raised by Ulland Investment Advisors LLC

Ulland Investment Advisors LLC increased its holdings in Visa Inc. (NYSE:V) by 0.3% in the 4th quarter, Holdings Channel reports. The fund owned 13,050 shares of the credit-card processor’s stock after purchasing an additional 41 shares during the period. Visa makes up about 2.6% of Ulland Investment Advisors LLC’s portfolio, making the stock its 13th biggest position. Ulland Investment Advisors LLC’s holdings in Visa were worth $4,124,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of V. Decker Retirement Planning Inc. purchased a new stake in shares of Visa during the 4th quarter worth about $26,000. Peterson Financial Group Inc. purchased a new stake in shares of Visa during the 3rd quarter worth about $26,000. Modus Advisors LLC purchased a new stake in shares of Visa during the 4th quarter worth about $32,000. Reston Wealth Management LLC purchased a new stake in shares of Visa during the 3rd quarter worth about $31,000. Finally, West Financial Advisors LLC raised its stake in shares of Visa by 101.4% during the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock worth $40,000 after purchasing an additional 73 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Trading Down 0.0 %

Shares of V opened at $323.55 on Thursday. The stock has a fifty day moving average price of $313.86 and a two-hundred day moving average price of $289.47. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $325.74. The company has a market cap of $602.73 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 2.15 and a beta of 0.96.

Visa (NYSE:V) last released its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating the consensus estimate of $2.58 by $0.13. The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the firm earned $2.33 EPS. Analysts predict that Visa Inc. will post 11.2 EPS for the current fiscal year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were paid a $0.59 dividend. This is a boost from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is 24.25%.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following 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 ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

V has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Macquarie raised 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. TD Cowen raised their target price on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, Citigroup raised their target price on Visa from $326.00 to $354.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average target price of $332.81.

Visa 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.