Sandy Cove Advisors LLC Has $513,000 Stock Holdings in Visa Inc. (NYSE:V)

Sandy Cove Advisors LLC increased its position in shares of Visa Inc. (NYSE:V) by 18.2% during the 4th quarter, Holdings Channel reports. The firm owned 1,971 shares of the credit-card processor’s stock after purchasing an additional 304 shares during the quarter. Sandy Cove Advisors LLC’s holdings in Visa were worth $513,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GoalVest Advisory LLC lifted its holdings in Visa by 3.4% during the 4th quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock valued at $317,000 after buying an additional 40 shares in the last quarter. Sunflower Bank N.A. grew its position in Visa by 1.3% during the 4th quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock worth $818,000 after purchasing an additional 41 shares during the last quarter. HWG Holdings LP boosted its holdings in shares of Visa by 18.4% in the 2nd quarter. HWG Holdings LP now owns 270 shares of the credit-card processor’s stock valued at $64,000 after acquiring an additional 42 shares during the last quarter. Powers Advisory Group LLC boosted its holdings in shares of Visa by 4.1% in the 3rd quarter. Powers Advisory Group LLC now owns 1,101 shares of the credit-card processor’s stock valued at $253,000 after acquiring an additional 43 shares during the last quarter. Finally, Marco Investment Management LLC lifted its stake in shares of Visa by 3.9% in the 3rd quarter. Marco Investment Management LLC now owns 1,141 shares of the credit-card processor’s stock valued at $262,000 after purchasing an additional 43 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Price Performance

V stock traded up $0.05 during trading on Tuesday, hitting $281.26. The stock had a trading volume of 8,748,794 shares, compared to its average volume of 5,655,137. The company’s 50 day moving average price is $278.20 and its two-hundred day moving average price is $258.03. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The stock has a market cap of $516.54 billion, a price-to-earnings ratio of 32.37, a price-to-earnings-growth ratio of 1.95 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 (NYSE:V) last posted 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. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. During the same quarter in the prior year, the company posted $2.18 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts forecast that Visa Inc. will post 9.9 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s payout ratio is 23.94%.

Insider Buying and Selling at Visa

In related news, insider Rajat Taneja sold 36,546 shares of the company’s 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 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 filing with the SEC, which is accessible through this hyperlink. In related news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rajat Taneja sold 36,546 shares of the stock in a transaction on 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 approximately $62,716,662.40. The disclosure for this sale can be found here. Insiders have sold a total of 47,311 shares of company stock valued at $12,832,129 in the last three months. Corporate insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

V has been the subject of a number of recent research reports. BMO Capital Markets initiated coverage on shares of Visa in a research report on Tuesday, December 5th. They issued an “outperform” rating and a $280.00 target price for the company. Keefe, Bruyette & Woods raised their price objective on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Susquehanna raised their price objective on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a report on Friday, January 26th. Wedbush raised their target price on shares of Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Finally, Raymond James raised their target price on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Four research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $295.29.

Visa 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.