Woodstock Corp Boosts Stock Holdings in Visa Inc. (NYSE:V)

Woodstock Corp lifted its stake in Visa Inc. (NYSE:V) by 8.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,614 shares of the credit-card processor’s stock after purchasing an additional 2,812 shares during the period. Woodstock Corp’s holdings in Visa were worth $8,220,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BCK Partners Inc. acquired a new position in shares of Visa during the first quarter worth $2,717,000. Markel Corp increased its holdings in shares of Visa by 0.3% in the 1st quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock valued at $213,144,000 after acquiring an additional 3,065 shares during the last quarter. AMI Investment Management Inc. acquired a new stake in shares of Visa during the 1st quarter worth about $2,323,000. Ergoteles LLC purchased a new stake in Visa during the first quarter worth approximately $538,000. Finally, XTX Topco Ltd acquired a new position in Visa in the first quarter valued at approximately $1,496,000. 81.35% of the stock is owned by institutional investors and hedge funds.

Visa Trading Down 0.2 %

Shares of Visa stock opened at $241.00 on Friday. The firm has a market cap of $448.70 billion, a price-to-earnings ratio of 30.58, a price-to-earnings-growth ratio of 1.81 and a beta of 0.95. Visa Inc. has a 52-week low of $174.60 and a 52-week high of $250.06. The company’s 50-day simple moving average is $241.58 and its 200-day simple moving average is $232.04. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last released its earnings results on Tuesday, July 25th. The credit-card processor reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.05. The company had revenue of $8.12 billion for the quarter, compared to analysts’ expectations of $8.06 billion. Visa had a return on equity of 49.42% and a net margin of 51.94%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.98 EPS. As a group, equities research analysts anticipate that Visa Inc. will post 8.65 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Thursday, August 10th. Visa’s dividend payout ratio (DPR) is currently 22.84%.

Insiders Place Their Bets

In other Visa news, insider Rajat Taneja sold 2,300 shares of the company’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $240.00, for a total transaction of $552,000.00. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at $55,706,880. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Rajat Taneja sold 2,300 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $240.00, for a total value of $552,000.00. Following the sale, the insider now owns 232,112 shares in the company, valued at approximately $55,706,880. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 24,025 shares of Visa stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $240.00, for a total value of $5,766,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 81,550 shares of company stock worth $19,795,806. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on V shares. Credit Suisse Group boosted their price objective on shares of Visa from $265.00 to $275.00 in a research report on Wednesday, July 26th. Mizuho reissued a “neutral” rating and issued a $255.00 price target on shares of Visa in a research report on Tuesday, August 29th. StockNews.com initiated coverage on Visa in a report on Thursday, August 17th. They set a “buy” rating on the stock. Jefferies Financial Group boosted their target price on Visa from $270.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, July 19th. Finally, Citigroup raised their price target on Visa from $273.00 to $275.00 in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $273.77.

Visa Profile

Visa Inc operates as a payments technology company worldwide. 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, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; 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.