Capital Advisors Ltd. LLC Buys 92 Shares of Visa Inc. (NYSE:V)

Capital Advisors Ltd. LLC boosted its stake in Visa Inc. (NYSE:V) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,587 shares of the credit-card processor’s stock after acquiring an additional 92 shares during the period. Capital Advisors Ltd. LLC’s holdings in Visa were worth $934,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. FMR LLC raised its position in shares of Visa by 4.7% in the third quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock valued at $11,582,785,000 after purchasing an additional 2,257,605 shares during the period. Northern Trust Corp grew its stake in Visa by 4.7% during the third quarter. Northern Trust Corp now owns 17,073,700 shares of the credit-card processor’s stock valued at $3,927,122,000 after acquiring an additional 763,505 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Visa by 2.7% during the third quarter. Ameriprise Financial Inc. now owns 14,229,004 shares of the credit-card processor’s stock valued at $3,272,846,000 after acquiring an additional 374,489 shares in the last quarter. Jennison Associates LLC grew its stake in Visa by 0.7% during the fourth quarter. Jennison Associates LLC now owns 11,824,113 shares of the credit-card processor’s stock valued at $3,078,408,000 after acquiring an additional 85,123 shares in the last quarter. Finally, Brown Advisory Inc. grew its stake in Visa by 1.5% in the 3rd quarter. Brown Advisory Inc. now owns 7,542,434 shares of the credit-card processor’s stock worth $1,734,835,000 after buying an additional 108,280 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders have sold 18,965 shares of company stock valued at $5,256,352 over the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on V shares. UBS Group boosted their price target on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday. Oppenheimer boosted their price target on shares of Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research note on Wednesday. Evercore ISI boosted their price target on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. TD Cowen began coverage on shares of Visa in a research note on Thursday, April 11th. They issued a “buy” rating and a $320.00 price objective for the company. Finally, Wells Fargo & Company upped their price objective on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $302.58.

Visa Stock Up 0.3 %

NYSE:V traded up $0.80 on Thursday, reaching $275.82. 2,366,713 shares of the stock traded hands, compared to its average volume of 5,867,116. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $506.55 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 1.89 and a beta of 0.96. The company’s fifty day simple moving average is $279.44 and its 200 day simple moving average is $263.97. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The company had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.72%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.09 earnings per share. Equities analysts predict that Visa Inc. will post 9.88 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Thursday, May 16th. Visa’s payout ratio is 23.24%.

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.