Sabal Trust CO Buys 3,827 Shares of Visa Inc. (NYSE:V)

Sabal Trust CO lifted its stake in shares of Visa Inc. (NYSE:V - Free Report) by 26.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,278 shares of the credit-card processor's stock after acquiring an additional 3,827 shares during the period. Sabal Trust CO's holdings in Visa were worth $4,759,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BCK Partners Inc. purchased a new position in Visa in the first quarter valued at approximately $2,717,000. Markel Corp raised its stake in shares of Visa by 0.3% during the first quarter. Markel Corp now owns 961,105 shares of the credit-card processor's stock valued at $213,144,000 after purchasing an additional 3,065 shares during the period. AMI Investment Management Inc. purchased a new stake in shares of Visa during the first quarter valued at approximately $2,323,000. Ergoteles LLC purchased a new stake in shares of Visa during the first quarter valued at approximately $538,000. Finally, XTX Topco Ltd purchased a new stake in shares of Visa during the first quarter valued at approximately $1,496,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Stock Performance

Shares of V stock traded down $1.04 during trading hours on Tuesday, reaching $276.72. 7,292,102 shares of the company's stock were exchanged, compared to its average volume of 5,624,932. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The stock has a market capitalization of $508.20 billion, a P/E ratio of 31.53, a P/E/G ratio of 1.91 and a beta of 0.96. The business has a fifty day moving average price of $280.17 and a 200-day moving average price of $260.68. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating analysts' consensus estimates of $2.34 by $0.07. The business had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. Visa's revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.18 earnings per share. Analysts predict that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were paid a $0.52 dividend. The ex-dividend date was Thursday, February 8th. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. Visa's dividend payout ratio is presently 23.94%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Susquehanna lifted their price objective on shares of Visa from $300.00 to $326.00 and gave the company a "positive" rating in a research note on Friday, January 26th. Wells Fargo & Company lifted their price target on shares of Visa from $300.00 to $325.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 6th. Mizuho restated a "neutral" rating and issued a $265.00 price target on shares of Visa in a research note on Wednesday, March 27th. Wedbush lifted their price target on shares of Visa from $270.00 to $280.00 and gave the stock an "outperform" rating in a research note on Friday, January 26th. Finally, UBS Group lifted their price target on shares of Visa from $305.00 to $315.00 and gave the stock a "buy" rating in a research note on Friday, January 26th. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $295.82.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,200 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares of the company's stock, valued at $150,833.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares of the company's stock, valued at $1,365,954.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,511 shares of company stock valued at $15,131,081. 0.19% of the stock is owned by insiders.

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.