State of Wyoming Has $2.70 Million Position in Visa Inc. (NYSE:V)

State of Wyoming boosted its stake in shares of Visa Inc. (NYSE:V - Free Report) by 99.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,529 shares of the credit-card processor's stock after purchasing an additional 4,249 shares during the quarter. Visa comprises 0.3% of State of Wyoming's holdings, making the stock its 22nd largest holding. State of Wyoming's holdings in Visa were worth $2,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Hirtle Callaghan & Co LLC increased its position in shares of Visa by 1.3% in the fourth quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock valued at $724,000 after buying an additional 29 shares in the last quarter. FWL Investment Management LLC increased its position in shares of Visa by 0.5% during the fourth quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock worth $2,005,000 after purchasing an additional 29 shares in the last quarter. Elevation Wealth Partners LLC increased its position in shares of Visa by 3.3% during the fourth 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 in the last quarter. Warther Private Wealth LLC increased its position in shares of Visa by 1.0% during the fourth quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor's stock worth $928,000 after purchasing an additional 30 shares in the last quarter. Finally, Valmark Advisers Inc. increased its position 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 worth $2,292,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $327.20, for a total value 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. This represents a 59.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the sale, the chief executive officer now owns 537 shares in the company, valued at approximately $194,931. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 121,948 shares of company stock worth $41,548,282. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on V shares. Oppenheimer restated an "outperform" rating on shares of Visa in a report on Thursday, February 13th. 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. The Goldman Sachs Group upped their target price on Visa from $346.00 to $384.00 and gave the company a "buy" rating in a report on Friday, January 31st. William Blair restated an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Finally, Wells Fargo & Company upped their target price on Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $362.38.

Visa Stock Performance

Shares of NYSE:V traded down $0.94 during trading on Tuesday, hitting $366.96. 5,279,713 shares of the stock were exchanged, compared to its average volume of 7,017,669. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $677.10 billion, a price-to-earnings ratio of 36.99, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $369.15. The company's fifty day simple moving average is $339.28 and its 200-day simple moving average is $330.43.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. During the same period in the prior year, the firm earned $2.51 earnings per share. The company's quarterly revenue was up 9.3% compared to the same quarter last year. Sell-side analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.64%. Visa's dividend payout ratio is presently 23.72%.

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.