Visa Inc. (NYSE:V) Shares Acquired by Community Bank N.A.

Community Bank N.A. grew its holdings in Visa Inc. (NYSE:V) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,480 shares of the credit-card processor’s stock after buying an additional 160 shares during the period. Community Bank N.A.’s holdings in Visa were worth $3,249,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Altshuler Shaham Ltd purchased a new stake in shares of Visa in the third quarter valued at about $25,000. O Brien Wealth Partners LLC purchased a new position in Visa during the fourth quarter worth about $32,000. Nalls Sherbakoff Group LLC boosted its stake in Visa by 545.5% during the third 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. Valued Wealth Advisors LLC purchased a new position in Visa during the fourth quarter worth about $37,000. Finally, Life Planning Partners Inc purchased a new position in Visa during the fourth quarter worth about $71,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on V shares. Royal Bank of Canada increased their target price on shares of Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday. Keefe, Bruyette & Woods increased their target price on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. UBS Group increased their target price on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday. Evercore ISI increased their target price 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. Finally, KeyCorp raised their price objective on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $302.58.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the company’s 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 completion of the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s 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. In the last quarter, insiders sold 18,965 shares of company stock worth $5,256,352. 0.19% of the stock is currently owned by company insiders.

Visa Trading Up 0.3 %

Shares of NYSE V traded up $0.87 on Thursday, reaching $275.89. 3,010,855 shares of the company traded hands, compared to its average volume of 5,875,827. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The company has a 50 day moving average of $279.44 and a 200 day moving average of $263.97. 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 stock has a market capitalization of $506.67 billion, a PE ratio of 30.80, a P/E/G ratio of 1.89 and a beta of 0.96.

Visa (NYSE:V) last issued its earnings results 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. Visa had a return on equity of 51.72% and a net margin of 53.87%. The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the previous year, the business earned $2.09 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities research analysts forecast that Visa Inc. will post 9.88 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be 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 is Thursday, May 16th. Visa’s payout ratio is currently 23.24%.

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.