Dividend Assets Capital LLC grew its stake in shares of Visa Inc. (NYSE:V – Get Rating) by 2.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,902 shares of the credit-card processor’s stock after purchasing an additional 1,561 shares during the quarter. Visa makes up 2.3% of Dividend Assets Capital LLC’s portfolio, making the stock its 10th largest holding. Dividend Assets Capital LLC’s holdings in Visa were worth $12,176,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. Outfitter Financial LLC bought a new position in shares of Visa during the fourth quarter valued at approximately $27,000. Blue Bell Private Wealth Management LLC acquired a new position in shares of Visa during the fourth quarter worth approximately $32,000. Joseph Group Capital Management acquired a new position in shares of Visa during the fourth quarter worth approximately $1,429,000. Rise Advisors LLC acquired a new position in shares of Visa during the fourth quarter worth approximately $35,000. Finally, Disciplined Investments LLC boosted its position in shares of Visa by 500.0% during the fourth quarter. Disciplined Investments LLC now owns 168 shares of the credit-card processor’s stock worth $36,000 after buying an additional 140 shares during the period. 80.77% of the stock is owned by institutional investors.
Shares of NYSE:V opened at $193.82 on Thursday. The stock has a market capitalization of $368.51 billion, a PE ratio of 30.47, a P/E/G ratio of 1.62 and a beta of 0.90. Visa Inc. has a 1 year low of $185.91 and a 1 year high of $252.67. The firm has a fifty day moving average price of $205.14 and a 200 day moving average price of $212.24. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 1st. Shareholders of record on Friday, May 13th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, May 12th. Visa’s dividend payout ratio (DPR) is 23.58%.
In other Visa news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company’s stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $210.38, for a total transaction of $1,893,420.00. Following the completion of the sale, the chief executive officer now directly owns 162,887 shares in the company, valued at $34,268,167.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Ryan Mcinerney sold 6,467 shares of the stock in a transaction dated Friday, April 1st. The shares were sold at an average price of $223.65, for a total transaction of $1,446,344.55. The disclosure for this sale can be found here. Insiders have sold 39,933 shares of company stock valued at $8,745,055 over the last 90 days. Corporate insiders own 0.21% of the company’s stock.
V has been the subject of several analyst reports. Barclays reduced their price objective on Visa from $265.00 to $260.00 and set an “overweight” rating for the company in a research report on Monday, April 4th. StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a research report on Thursday, April 28th. Cowen reduced their price objective on Visa from $276.00 to $254.00 and set an “outperform” rating for the company in a research report on Wednesday, April 27th. Credit Suisse Group upped their target price on Visa from $260.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 27th. Finally, Evercore ISI upped their target price on Visa from $304.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 27th. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $267.44.
Visa Company Profile (Get Rating)
Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.
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