Visa Inc. (NYSE:V) Shares Purchased by Addison Advisors LLC

Addison Advisors LLC raised its stake in shares of Visa Inc. (NYSE:V) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,448 shares of the credit-card processor’s stock after purchasing an additional 105 shares during the period. Addison Advisors LLC’s holdings in Visa were worth $637,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Investment Advisory Services Inc. TX ADV increased its position in shares of Visa by 2.0% in the third quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock worth $904,000 after acquiring an additional 78 shares in the last quarter. Nadler Financial Group Inc. grew its holdings in Visa by 2.4% during the 4th quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock valued at $495,000 after purchasing an additional 44 shares in the last quarter. Towerpoint Wealth LLC acquired a new stake in Visa during the 4th quarter valued at $216,000. Andrew Hill Investment Advisors Inc. acquired a new stake in Visa during the 4th quarter valued at $3,427,000. Finally, Wayfinding Financial LLC grew its holdings in Visa by 10.1% during the 3rd quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock valued at $406,000 after purchasing an additional 161 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Raymond James raised their price target on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Mizuho reiterated a “neutral” rating and set a $265.00 price objective on shares of Visa in a research note on Wednesday, March 27th. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Wednesday. Keefe, Bruyette & Woods increased 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. Finally, UBS Group increased their price objective on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $302.58.

Visa Stock Performance

Shares of V stock traded down $0.64 during trading hours on Friday, reaching $274.52. The stock had a trading volume of 6,840,615 shares, compared to its average volume of 6,528,673. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.45. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The firm has a 50-day simple moving average of $279.24 and a 200-day simple moving average of $264.33. The firm has a market capitalization of $504.16 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96.

Visa (NYSE:V) last released its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. The firm had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. Visa’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the company earned $2.09 EPS. As a group, equities analysts forecast that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.76%. Visa’s payout ratio is 23.24%.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction 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 approximately $150,833.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,874 shares of company stock valued at $5,506,827. Company insiders own 0.19% of the company’s stock.

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.