Visa Inc. (NYSE:V) Stock Holdings Raised by Commonwealth Retirement Investments LLC

Commonwealth Retirement Investments LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 2.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,456 shares of the credit-card processor’s stock after buying an additional 213 shares during the quarter. Visa accounts for about 1.2% of Commonwealth Retirement Investments LLC’s holdings, making the stock its 22nd biggest holding. Commonwealth Retirement Investments LLC’s holdings in Visa were worth $2,988,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swedbank AB grew its position in shares of Visa by 10.7% during the 3rd quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor’s stock valued at $566,153,000 after buying an additional 199,440 shares during the last quarter. Howard Capital Management Group LLC boosted its stake in Visa by 0.6% in the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock valued at $29,242,000 after acquiring an additional 610 shares during the period. Pettinga Financial Advisors LLC acquired a new position in Visa in the third quarter valued at approximately $228,000. Investment Partners Asset Management Inc. grew its holdings in shares of Visa by 7.8% during the third quarter. Investment Partners Asset Management Inc. now owns 2,981 shares of the credit-card processor’s stock valued at $820,000 after purchasing an additional 215 shares during the last quarter. Finally, Concord Wealth Partners raised its position in shares of Visa by 9.6% during the 3rd quarter. Concord Wealth Partners now owns 9,685 shares of the credit-card processor’s stock worth $2,663,000 after purchasing an additional 852 shares during the period. 82.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on V shares. Susquehanna boosted their price objective on Visa from $395.00 to $410.00 and gave the company a “positive” rating in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Citigroup reissued a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Finally, Mizuho raised their price target on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average target price of $353.96.

Visa Trading Down 0.4 %

Shares of NYSE:V opened at $350.61 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $651.36 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 2.33 and a beta of 0.97. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $357.15. The company has a 50 day moving average price of $331.31 and a 200 day moving average price of $304.27.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors 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 dividend on an annualized basis and a dividend yield of 0.67%. Visa’s dividend payout ratio (DPR) is 23.79%.

Insider Buying and Selling

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the sale, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 55,885 shares of company stock valued at $19,161,447. 0.13% of the stock is owned by corporate insiders.

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.