One Way Holdings LLC Acquires 4,265 Shares of Visa Inc. $V

Key Points

• One Way Holdings increased its Visa position by 6.9% in the third quarter, purchasing 4,265 additional shares for a total holding of 66,466 shares valued at approximately $23.9 million. Institutional investors collectively own 82.15% of Visa.
• Visa reported quarterly earnings of $3.48 per share and revenue of $12.14 billion, exceeding analyst estimates; revenue rose 13.2% year over year. Analysts maintain a consensus “Buy” rating with an average price target of $440.03.
• Visa raised its quarterly dividend from $0.67 to $0.78 per share, representing an annualized dividend of $3.12 and a yield of approximately 0.8%. Meanwhile, insiders sold 21,520 shares worth about $8.0 million over the past 90 days.

One Way Holdings LLC increased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 6.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,466 shares of the credit-card processor's stock after purchasing an additional 4,265 shares during the period. One Way Holdings LLC's holdings in Visa were worth $23,883,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. CKW Financial Group grew its holdings in Visa by 50.0% in the third quarter. CKW Financial Group now owns 168 shares of the credit-card processor's stock worth $60,000 after purchasing an additional 56 shares during the period. Woodmont Investment Counsel LLC increased its stake in Visa by 7.5% in the third quarter. Woodmont Investment Counsel LLC now owns 6,533 shares of the credit-card processor's stock valued at $2,348,000 after purchasing an additional 455 shares in the last quarter. Traynor Capital Management Inc. raised its holdings in shares of Visa by 2.4% during the third quarter. Traynor Capital Management Inc. now owns 54,189 shares of the credit-card processor's stock valued at $19,472,000 after purchasing an additional 1,257 shares during the period. Boit C F David raised its holdings in shares of Visa by 0.3% during the third quarter. Boit C F David now owns 26,710 shares of the credit-card processor's stock valued at $9,598,000 after purchasing an additional 80 shares during the period. Finally, Hennessy Advisors Inc. raised its holdings in shares of Visa by 8.6% during the third quarter. Hennessy Advisors Inc. now owns 3,800 shares of the credit-card processor's stock valued at $1,365,000 after purchasing an additional 300 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 5,875 shares of Visa stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $367.87, for a total value of $2,161,236.25. Following the completion of the transaction, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $5,582,059.38. The trade was a 27.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie Rottenberg sold 2,028 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $381.35, for a total value of $773,377.80. Following the sale, the general counsel owned 18,404 shares in the company, valued at approximately $7,018,365.40. This represents a 9.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 21,520 shares of company stock valued at $7,960,757. 0.12% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Raymond James Financial reissued an "outperform" rating and issued a $445.00 price objective on shares of Visa in a research report on Wednesday. Weiss Ratings cut Visa from a "buy (b+)" rating to a "buy (b)" rating in a research note on Wednesday. Wells Fargo & Company lifted their target price on Visa from $432.00 to $463.00 and gave the stock an "overweight" rating in a research note on Thursday. Evercore set a $405.00 price target on shares of Visa in a research report on Wednesday. Finally, President Capital increased their price target on shares of Visa from $411.00 to $474.00 and gave the company a "buy" rating in a research report on Monday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating and thirty-five have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $440.03.

Visa Stock Performance

Shares of V opened at $413.69 on Monday. The firm has a market cap of $738.20 billion, a PE ratio of 33.55, a PEG ratio of 1.76 and a beta of 0.77. The stock's fifty day moving average price is $381.31 and its two-hundred day moving average price is $342.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.99. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $417.00.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.04. Visa had a return on equity of 70.50% and a net margin of 51.20%. The company had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.09 billion. During the same quarter in the prior year, the company earned $2.98 EPS. The firm's quarterly revenue was up 13.2% compared to the same quarter last year. On average, equities research analysts forecast that Visa Inc. will post 15.03 EPS for the current year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 10th will be issued a $0.78 dividend. This is a boost from Visa's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.12 annualized dividend and a yield of 0.8%. Visa's payout ratio is 25.30%.

About Visa

Visa Inc NYSE: V is a global payments technology company that facilitates electronic payments between consumers, businesses, financial institutions and governments. Through its VisaNet network, the company authorizes, clears and settles transactions made with Visa-branded credit, debit and prepaid cards, while generally not issuing cards, extending credit or setting cardholder account terms.

Visa provides payment products and services for consumer, commercial and government payments, as well as digital commerce and money movement.

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