Mar Vista Investment Partners LLC Has $62.22 Million Holdings in Visa Inc. (NYSE:V)

Mar Vista Investment Partners LLC lessened its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,882 shares of the credit-card processor's stock after selling 4,259 shares during the period. Visa makes up 4.3% of Mar Vista Investment Partners LLC's portfolio, making the stock its 6th biggest position. Mar Vista Investment Partners LLC's holdings in Visa were worth $62,223,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of V. Decker Retirement Planning Inc. bought a new position in shares of Visa during the fourth quarter worth about $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Visa during the 4th quarter worth approximately $27,000. POM Investment Strategies LLC raised its holdings in shares of Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after purchasing an additional 32 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of Visa in the fourth quarter worth $32,000. Finally, Compass Planning Associates Inc acquired a new position in Visa during the fourth quarter worth $32,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Visa

In related news, CAO Peter M. Andreski sold 2,332 shares of the firm's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares of the company's stock, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the company's 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 transaction, the insider now directly owns 26,413 shares of the company's stock, valued at approximately $8,642,333.60. The trade was a 59.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,205 shares of company stock valued at $48,842,490 over the last ninety days. 0.13% of the stock is owned by corporate insiders.

Visa Price Performance

V stock traded down $0.21 during midday trading on Friday, reaching $335.50. The company had a trading volume of 4,451,694 shares, compared to its average volume of 7,211,210. The company has a market capitalization of $623.28 billion, a price-to-earnings ratio of 33.82, a price-to-earnings-growth 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. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The stock has a 50 day moving average price of $338.42 and a 200-day moving average price of $322.66.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

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

Wall Street Analysts Forecast Growth

V has been the subject of several analyst reports. Barclays raised their price objective on Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. UBS Group boosted their price target on Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Raymond James reissued an "outperform" rating and issued a $393.00 price objective (up previously from $374.00) on shares of Visa in a report on Friday, January 31st. William Blair restated an "outperform" rating on shares of Visa in a research note on Friday, January 31st. Finally, Wells Fargo & Company raised their price objective on Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Visa currently has an average rating of "Moderate Buy" and a consensus price target of $358.17.

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.