Cornell Pochily Investment Advisors Inc. Has $1.75 Million Stock Holdings in Visa Inc. (NYSE:V)

Cornell Pochily Investment Advisors Inc. boosted its stake in shares of Visa Inc. (NYSE:V) by 1.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,720 shares of the credit-card processor’s stock after buying an additional 68 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in Visa were worth $1,750,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Hibernia Wealth Partners LLC bought a new position in shares of Visa during the third quarter worth about $25,000. Altshuler Shaham Ltd acquired a new position in Visa during the 3rd quarter worth approximately $25,000. West Tower Group LLC acquired a new position in Visa during the 2nd quarter worth approximately $30,000. Financial Freedom LLC bought a new position in shares of Visa during the 4th quarter worth approximately $32,000. Finally, Nalls Sherbakoff Group LLC raised its holdings in shares of Visa by 545.5% in the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after purchasing an additional 120 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Price Performance

Shares of NYSE V traded down $2.46 during midday trading on Wednesday, reaching $278.14. The company’s stock had a trading volume of 1,791,812 shares, compared to its average volume of 5,588,574. The company has a market cap of $510.81 billion, a P/E ratio of 32.00, a P/E/G ratio of 1.94 and a beta of 0.96. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The business’s 50 day moving average price is $278.54 and its two-hundred day moving average price is $258.27.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $8.55 billion. During the same period in the previous year, the firm earned $2.18 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, analysts forecast that Visa Inc. will post 9.9 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,150 shares of Visa 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,311 shares of company stock worth $12,832,129. Corporate insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the subject of a number of analyst reports. KeyCorp raised their target price on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Royal Bank of Canada upped their target price on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Citigroup boosted their price target on Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Barclays upped their price objective on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Finally, BMO Capital Markets began coverage on shares of Visa in a research report on Tuesday, December 5th. They issued an “outperform” rating and a $280.00 price objective for the company. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $295.82.

About Visa

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.