Olstein Capital Management L.P. Has $3.25 Million Stock Position in Visa Inc. (NYSE:V)

Olstein Capital Management L.P. trimmed its position in Visa Inc. (NYSE:V - Free Report) by 40.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,500 shares of the credit-card processor's stock after selling 8,500 shares during the period. Olstein Capital Management L.P.'s holdings in Visa were worth $3,254,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Hibernia Wealth Partners LLC acquired a new stake in shares of Visa in the third quarter valued at about $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Visa during the 3rd quarter valued at approximately $25,000. Financial Freedom LLC purchased a new stake in shares of Visa during the 4th quarter worth approximately $32,000. Nalls Sherbakoff Group LLC grew its holdings in shares of Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor's stock worth $33,000 after acquiring an additional 120 shares during the period. Finally, FNY Investment Advisers LLC boosted its position in Visa by 227.7% during the third quarter. FNY Investment Advisers LLC now owns 154 shares of the credit-card processor's stock worth $35,000 after purchasing an additional 107 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

V has been the topic of several recent research reports. UBS Group upped their price target on shares of Visa from $305.00 to $315.00 and gave the company a "buy" rating in a report on Friday, January 26th. Raymond James upped their price objective on shares of Visa from $287.00 to $311.00 and gave the company an "outperform" rating in a research note on Friday, January 26th. Monness Crespi & Hardt began coverage on shares of Visa in a research note on Wednesday, December 20th. They issued a "neutral" rating for the company. Royal Bank of Canada increased their price target on Visa from $290.00 to $309.00 and gave the stock an "outperform" rating in a research note on Friday, January 26th. Finally, Evercore ISI lifted their price objective on Visa from $325.00 to $335.00 and gave the company an "outperform" rating in a research report on Tuesday, March 26th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $295.82.

Visa Stock Down 0.8 %

Visa stock traded down $2.32 during trading hours on Wednesday, hitting $274.40. The company had a trading volume of 5,275,416 shares, compared to its average volume of 5,619,874. The firm's fifty day moving average is $280.16 and its 200-day moving average is $260.98. The firm has a market capitalization of $503.94 billion, a P/E ratio of 31.84, a price-to-earnings-growth ratio of 1.92 and a beta of 0.96. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.07. The company had revenue of $8.63 billion for 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%. The business's revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.18 EPS. On average, research analysts forecast that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. Visa's dividend payout ratio (DPR) is presently 23.94%.

Insider Activity

In related news, CAO Peter M. Andreski sold 2,615 shares of the company's stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company's stock, valued at approximately $1,365,954.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company's stock, valued at $1,365,954.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of the firm's 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 completion of the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. 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. Insiders own 0.19% of the company's stock.

Visa Company 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.