Visa Inc. (NYSE:V) is Fjarde AP Fonden Fourth Swedish National Pension Fund's 6th Largest Position

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Visa Inc. by 14.5% in Q1, owning 455,183 shares valued at approximately $159.5 million.
• Recent analyst reports indicate a bullish outlook on Visa, with target prices raised to between $380 and $425, and a notable consensus of 23 buy ratings.
• Visa announced a quarterly dividend of $0.59 per share, representing an annualized yield of 0.7%, with a payout ratio of 23.05%.

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Visa Inc. (NYSE:V - Free Report) by 14.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 455,183 shares of the credit-card processor's stock after acquiring an additional 57,800 shares during the period. Visa comprises approximately 1.9% of Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings, making the stock its 6th largest position. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Visa were worth $159,523,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. von Borstel & Associates Inc. purchased a new stake in Visa during the 1st quarter valued at $27,000. Measured Risk Portfolios Inc. purchased a new stake in Visa during the 4th quarter valued at $47,000. Navigoe LLC purchased a new stake in Visa during the 4th quarter valued at $53,000. O Brien Wealth Partners LLC purchased a new stake in Visa during the 1st quarter valued at $54,000. Finally, Global X Japan Co. Ltd. purchased a new stake in Visa during the 1st quarter valued at $56,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Barclays reiterated an "overweight" rating and set a $408.00 target price (up from $396.00) on shares of Visa in a research note on Thursday, July 31st. Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Jefferies Financial Group boosted their price objective on shares of Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Truist Financial dropped their target price on shares of Visa from $400.00 to $397.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Finally, Macquarie upped their target price on shares of Visa from $380.00 to $425.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $380.84.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 46,214 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the sale, the insider directly owned 26,413 shares in the company, valued at $9,772,810. This trade represents a 63.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the sale, the chief executive officer owned 537 shares of the company's stock, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,100 shares of company stock worth $27,643,224. Insiders own 0.13% of the company's stock.

Visa Trading Down 0.3%

V stock traded down $1.05 during mid-day trading on Friday, reaching $344.44. The company had a trading volume of 4,945,855 shares, compared to its average volume of 6,423,210. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $631.29 billion, a PE ratio of 33.64, a price-to-earnings-growth ratio of 2.29 and a beta of 0.94. The firm has a 50 day moving average of $350.17 and a 200 day moving average of $347.41. Visa Inc. has a 12 month low of $265.23 and a 12 month high of $375.51.

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

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Visa's dividend payout ratio (DPR) is currently 23.05%.

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.