Visa Inc. (NYSE:V) Stock Position Decreased by Bank of Stockton

Bank of Stockton trimmed its stake in Visa Inc. (NYSE:V) by 6.6% during the fourth quarter, Holdings Channel reports. The fund owned 13,814 shares of the credit-card processor’s stock after selling 972 shares during the quarter. Visa accounts for 1.2% of Bank of Stockton’s holdings, making the stock its 17th largest position. Bank of Stockton’s holdings in Visa were worth $3,742,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. State Street Corp increased its position in Visa by 3.7% in the 1st quarter. State Street Corp now owns 72,897,112 shares of the credit-card processor’s stock worth $16,435,339,000 after buying an additional 2,572,159 shares during the period. Morgan Stanley increased its position in Visa by 13.0% in the 4th quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock worth $10,621,287,000 after buying an additional 5,864,340 shares during the period. FMR LLC increased its position in Visa by 4.7% in the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock worth $11,582,785,000 after buying an additional 2,257,605 shares during the period. Moneta Group Investment Advisors LLC increased its position in Visa by 116,608.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock worth $5,090,978,000 after buying an additional 24,483,134 shares during the period. Finally, Royal Bank of Canada increased its position in Visa by 5.7% in the 2nd quarter. Royal Bank of Canada now owns 18,879,347 shares of the credit-card processor’s stock worth $4,483,466,000 after buying an additional 1,015,104 shares during the period. 82.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

V has been the topic of several recent research reports. Monness Crespi & Hardt initiated coverage on Visa in a report on Wednesday, December 20th. They set a “neutral” rating on the stock. Jefferies Financial Group boosted their price target on Visa from $280.00 to $295.00 and gave the company a “buy” rating in a research note on Tuesday, December 12th. Wedbush boosted their price target on Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Barclays boosted their price target on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Finally, Redburn Atlantic reaffirmed a “neutral” rating and issued a $307.00 price target on shares of Visa in a research note on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, Visa has an average rating of “Moderate Buy” and a consensus price target of $295.82.

Visa Stock Up 0.2 %

NYSE:V opened at $277.76 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market cap of $510.11 billion, a PE ratio of 31.96, a PEG ratio of 1.91 and a beta of 0.96. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The stock has a 50-day simple moving average of $280.17 and a 200 day simple moving average of $260.68.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. During the same period last year, the company earned $2.18 earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts expect that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Dividend Announcement

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

Insider Activity

In related news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the sale, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the sale, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. Insiders sold a total of 55,511 shares of company stock valued at $15,131,081 over the last three months. 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.