Beverly Hills Private Wealth LLC Boosts Stake in Visa Inc. (NYSE:V)

Beverly Hills Private Wealth LLC grew its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 5.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,825 shares of the credit-card processor's stock after buying an additional 799 shares during the period. Visa accounts for about 0.9% of Beverly Hills Private Wealth LLC's holdings, making the stock its 19th largest holding. Beverly Hills Private Wealth LLC's holdings in Visa were worth $4,685,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in V. Bearing Point Capital LLC acquired a new stake in shares of Visa in the 4th quarter valued at about $11,149,000. Benjamin Edwards Inc. grew its position in shares of Visa by 5.2% during the fourth quarter. Benjamin Edwards Inc. now owns 76,661 shares of the credit-card processor's stock worth $24,236,000 after acquiring an additional 3,771 shares during the last quarter. BIP Wealth LLC increased its holdings in shares of Visa by 22.6% in the 4th quarter. BIP Wealth LLC now owns 3,198 shares of the credit-card processor's stock valued at $1,011,000 after acquiring an additional 590 shares during the period. BLI Banque de Luxembourg Investments purchased a new stake in Visa in the 4th quarter valued at $127,352,000. Finally, BNP Paribas boosted its stake in Visa by 11.1% during the 4th quarter. BNP Paribas now owns 171,811 shares of the credit-card processor's stock worth $54,420,000 after purchasing an additional 17,130 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Evercore ISI started coverage on Visa in a research note on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target for the company. Bank of America boosted their target price on Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Oppenheimer reiterated an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Citigroup reissued a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. Finally, William Blair reissued an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. Seven research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $362.38.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the sale, the insider now directly owns 26,413 shares in the company, valued at $8,642,333.60. The trade was a 59.84 % decrease in their position. The transaction 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 Visa stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares in the company, valued at $1,569,094.56. This represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,208 shares of company stock worth $48,905,978. 0.13% of the stock is currently owned by company insiders.

Visa Stock Down 0.1 %

Shares of V traded down $0.36 during trading hours on Tuesday, reaching $348.28. 3,429,903 shares of the stock traded hands, compared to its average volume of 7,223,001. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The stock has a fifty day simple moving average of $337.57 and a 200 day simple moving average of $325.48. The company has a market cap of $647.02 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 2.33 and a beta of 0.96. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. The company had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. Visa's revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.51 EPS. On average, equities analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Tuesday, May 13th. Visa's dividend payout ratio (DPR) is 23.72%.

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.