Capital World Investors Buys 241,057 Shares of Visa Inc. (NYSE:V)

Capital World Investors boosted its position in Visa Inc. (NYSE:V - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,277,622 shares of the credit-card processor's stock after acquiring an additional 241,057 shares during the period. Visa accounts for about 1.1% of Capital World Investors' holdings, making the stock its 15th biggest position. Capital World Investors owned approximately 1.25% of Visa worth $7,356,614,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Hirtle Callaghan & Co LLC lifted its holdings in Visa by 1.3% in the fourth quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock worth $724,000 after acquiring an additional 29 shares during the last quarter. Elevation Wealth Partners LLC grew its position in Visa by 3.3% in the 4th quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock worth $297,000 after purchasing an additional 30 shares during the last quarter. Warther Private Wealth LLC increased its stake in shares of Visa by 1.0% in the fourth quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor's stock valued at $928,000 after purchasing an additional 30 shares during the period. Valmark Advisers Inc. raised its holdings in shares of Visa by 0.4% during the fourth quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor's stock valued at $2,292,000 after buying an additional 30 shares during the last quarter. Finally, Strategic Family Wealth Counselors L.L.C. grew its holdings in Visa by 0.4% in the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor's stock worth $2,302,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Transactions at Visa

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the business'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 transaction, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 537 shares of the company's stock, valued at $188,186.28. This represents a 94.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,205 shares of company stock worth $48,842,490. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on V. Citigroup reiterated a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a report on Thursday, February 13th. UBS Group lifted their price objective on shares of Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Seaport Res Ptn raised Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company upped their price target on Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $355.84.

Visa Price Performance

Shares of V traded up $3.62 during trading hours on Wednesday, hitting $335.02. The stock had a trading volume of 2,552,187 shares, compared to its average volume of 7,199,036. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The stock has a market capitalization of $622.39 billion, a price-to-earnings ratio of 33.77, a P/E/G ratio of 2.33 and a beta of 0.94. 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's fifty day moving average is $339.57 and its two-hundred day moving average is $321.41.

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

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Tuesday, February 11th. Visa's payout ratio is presently 23.79%.

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.