DORCHESTER WEALTH MANAGEMENT Co Has $5.73 Million Position in Visa Inc. (NYSE:V)

DORCHESTER WEALTH MANAGEMENT Co reduced its position in shares of Visa Inc. (NYSE:V) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,002 shares of the credit-card processor’s stock after selling 220 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Visa were worth $5,728,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Hibernia Wealth Partners LLC acquired a new position in shares of Visa in the third quarter worth $25,000. Altshuler Shaham Ltd acquired a new position in shares of Visa in the third quarter worth $25,000. West Tower Group LLC acquired a new position in shares of Visa in the second quarter worth $30,000. Nalls Sherbakoff Group LLC boosted its holdings in Visa by 545.5% in the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after purchasing an additional 120 shares in the last quarter. Finally, Valued Wealth Advisors LLC bought a new stake in Visa in the fourth quarter worth $37,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. UBS Group upped their price objective on shares of Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Royal Bank of Canada upped their price objective on shares of Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Keefe, Bruyette & Woods upped their price objective on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Jefferies Financial Group upped their price objective on shares of Visa from $280.00 to $295.00 and gave the stock a “buy” rating in a report on Tuesday, December 12th. Finally, Wells Fargo & Company upped their price objective on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $295.82.

Visa Stock Down 1.1 %

Shares of V opened at $274.00 on Friday. The company has a 50-day simple moving average of $279.90 and a 200-day simple moving average of $259.92. The firm has a market capitalization of $503.20 billion, a P/E ratio of 31.53, a P/E/G ratio of 1.91 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96.

Visa (NYSE:V) last announced its quarterly earnings data 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 net margin of 53.92% and a return on equity of 50.02%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.18 earnings per share. On average, equities research analysts expect that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Announces Dividend

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

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Rajat Taneja sold 36,546 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the transaction, the insider now owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. Insiders sold 55,511 shares of company stock valued at $15,131,081 over the last quarter. Corporate 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.