Bolthouse Investments LLC Buys New Shares in Visa Inc. (NYSE:V)

Bolthouse Investments LLC acquired a new position in Visa Inc. (NYSE:V - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,122 shares of the credit-card processor's stock, valued at approximately $1,935,000. Visa accounts for about 1.8% of Bolthouse Investments LLC's portfolio, making the stock its 13th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wills Financial Group Inc. boosted its holdings in Visa by 79.2% in the 4th quarter. Wills Financial Group Inc. now owns 11,049 shares of the credit-card processor's stock worth $3,492,000 after buying an additional 4,882 shares during the period. Vulcan Value Partners LLC boosted its holdings in Visa by 5.3% in the 4th quarter. Vulcan Value Partners LLC now owns 1,003,524 shares of the credit-card processor's stock worth $317,110,000 after buying an additional 50,208 shares during the period. Boothbay Fund Management LLC boosted its holdings in Visa by 83.5% in the 4th quarter. Boothbay Fund Management LLC now owns 6,375 shares of the credit-card processor's stock worth $2,015,000 after buying an additional 2,900 shares during the period. Coldstream Capital Management Inc. boosted its holdings in Visa by 4.2% in the 4th quarter. Coldstream Capital Management Inc. now owns 58,858 shares of the credit-card processor's stock worth $18,601,000 after buying an additional 2,396 shares during the period. Finally, Capital Analysts LLC boosted its holdings in Visa by 2.5% in the 4th quarter. Capital Analysts LLC now owns 48,741 shares of the credit-card processor's stock worth $15,404,000 after buying an additional 1,197 shares during the period. 82.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Wednesday. JPMorgan Chase & Co. lifted 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. The Goldman Sachs Group lifted their price objective on shares of Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Piper Sandler lifted their price objective on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, StockNews.com cut shares of Visa from a "buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Seven research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $360.50.

Visa Stock Up 0.2 %

V stock traded up $0.64 on Wednesday, reaching $342.16. 3,886,004 shares of the company traded hands, compared to its average volume of 6,799,874. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $635.66 billion, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The firm has a fifty day simple moving average of $337.89 and a 200-day simple moving average of $323.52.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. The business had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The company's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.51 EPS. Research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's payout ratio is 23.79%.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total value of $13,395,133.50. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at $8,991,249.33. This trade represents a 59.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total value of $3,020,792.80. Following the completion of the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $188,186.28. This trade represents a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,205 shares of company stock valued at $48,842,490. Corporate insiders own 0.13% of the company's stock.

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.