Telos Capital Management Inc. Has $15.23 Million Stock Holdings in Visa Inc. (NYSE:V)

Telos Capital Management Inc. increased its stake in Visa Inc. (NYSE:V) by 4.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 58,515 shares of the credit-card processor’s stock after purchasing an additional 2,481 shares during the quarter. Visa makes up approximately 1.9% of Telos Capital Management Inc.’s investment portfolio, making the stock its 10th largest position. Telos Capital Management Inc.’s holdings in Visa were worth $15,234,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Hibernia Wealth Partners LLC acquired a new stake in shares of Visa in the 3rd quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new position in Visa during the 3rd quarter worth $25,000. O Brien Wealth Partners LLC bought a new position in Visa during the 4th quarter worth $32,000. Nalls Sherbakoff Group LLC increased its position in Visa by 545.5% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after buying an additional 120 shares during the period. Finally, Valued Wealth Advisors LLC bought a new position in Visa during the 4th quarter worth $37,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Activity

In related news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction that occurred on Monday, April 1st. The stock was 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 directly owns 538 shares in the company, valued at $150,833.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,965 shares of company stock valued at $5,256,352. 0.19% of the stock is currently owned by corporate insiders.

Visa Stock Performance

Shares of V stock opened at $271.37 on Friday. The business’s 50-day moving average price is $279.71 and its 200-day moving average price is $262.62. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The firm has a market capitalization of $498.37 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 1.88 and a beta of 0.96. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last announced its quarterly earnings results 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 return on equity of 50.02% and a net margin of 53.92%. The firm had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. During the same period last year, the firm posted $2.18 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts forecast that Visa Inc. will post 9.88 EPS for the current 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 paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Thursday, February 8th. Visa’s payout ratio is 23.94%.

Wall Street Analysts Forecast Growth

V has been the topic of several recent research reports. UBS Group increased their price objective on Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Evercore ISI raised their price target on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Raymond James raised their price target on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Mizuho restated a “neutral” rating and issued a $265.00 price target on shares of Visa in a research report on Wednesday, March 27th. Finally, Citigroup raised 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. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average price target of $298.43.

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.