Caisse DE Depot ET Placement DU Quebec Raises Holdings in Visa Inc. $V

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its holdings in Visa Inc. by 151.5% in the first quarter, owning a total of 1,040,633 shares valued at approximately $364.7 million.
• Insider Paul D. Fabara sold 46,214 shares of Visa, reducing their stake by 63.63% and signaling a potential shift in confidence within the company.
• Visa recently announced a quarterly dividend of $0.59 per share, reflecting a 0.7% yield and a dividend payout ratio of 23.05%.

Caisse DE Depot ET Placement DU Quebec increased its position in shares of Visa Inc. (NYSE:V - Free Report) by 151.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,040,633 shares of the credit-card processor's stock after purchasing an additional 626,919 shares during the quarter. Visa makes up approximately 0.8% of Caisse DE Depot ET Placement DU Quebec's investment portfolio, making the stock its 27th largest position. Caisse DE Depot ET Placement DU Quebec owned about 0.06% of Visa worth $364,700,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Keystone Global Partners LLC purchased a new stake in shares of Visa during the first quarter worth approximately $26,000. von Borstel & Associates Inc. purchased a new stake in shares of Visa during the first quarter worth approximately $27,000. Measured Risk Portfolios Inc. purchased a new stake in shares of Visa during the fourth quarter worth approximately $47,000. Navigoe LLC purchased a new stake in shares of Visa during the fourth quarter worth approximately $53,000. Finally, O Brien Wealth Partners LLC purchased a new stake in shares of Visa during the first quarter worth approximately $54,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 46,214 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the transaction, the insider owned 26,413 shares of the company's stock, valued at approximately $9,772,810. This represents a 63.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the transaction, the general counsel directly owned 11,925 shares in the company, valued at approximately $4,102,438.50. The trade was a 14.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,127 shares of company stock valued at $28,340,553. Corporate insiders own 0.13% of the company's stock.

Visa Stock Performance

Shares of Visa stock opened at $349.3180 on Monday. Visa Inc. has a 52 week low of $265.31 and a 52 week high of $375.51. The business's fifty day simple moving average is $347.92 and its 200-day simple moving average is $347.39. The firm has a market cap of $640.23 billion, a PE ratio of 34.11, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, beating the consensus estimate of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%.The business had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. During the same quarter in the prior year, the company posted $2.42 EPS. The company's quarterly revenue was up 14.3% on a year-over-year basis. Equities analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $2.36 annualized dividend and a yield of 0.7%. Visa's dividend payout ratio is presently 23.05%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on V shares. The Goldman Sachs Group started coverage on Visa in a research report on Monday, June 2nd. They set a "neutral" rating for the company. BMO Capital Markets upped their target price on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and upped their target price for the company from $359.00 to $425.00 in a report on Thursday, June 5th. Citigroup started coverage on Visa in a report on Monday, June 2nd. They issued a "buy" rating for the company. Finally, Oppenheimer upped their target price on Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Visa currently has a consensus rating of "Moderate Buy" and an average target price of $380.84.

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.

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