Visa Inc. (NYSE:V) Shares Acquired by Americana Partners LLC

Americana Partners LLC raised its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 25.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,207 shares of the credit-card processor's stock after buying an additional 10,573 shares during the quarter. Americana Partners LLC's holdings in Visa were worth $16,500,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Swedbank AB grew its stake in shares of Visa by 10.7% in the third quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor's stock worth $566,153,000 after purchasing an additional 199,440 shares during the last quarter. Howard Capital Management Group LLC grew its position in shares of Visa by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor's stock worth $29,242,000 after buying an additional 610 shares during the period. Telos Capital Management Inc. grew its holdings in Visa by 3.7% in the third quarter. Telos Capital Management Inc. now owns 62,538 shares of the credit-card processor's stock worth $17,195,000 after purchasing an additional 2,234 shares during the period. Foundations Investment Advisors LLC raised its stake in Visa by 15.2% during the third quarter. Foundations Investment Advisors LLC now owns 49,994 shares of the credit-card processor's stock valued at $13,746,000 after buying an additional 6,605 shares during the last quarter. Finally, Calton & Associates Inc. bought a new stake in Visa during the 3rd quarter valued at about $803,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on V. Oppenheimer lifted their price objective on Visa from $375.00 to $390.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. UBS Group boosted their target price on shares of Visa from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Mizuho raised their price target on Visa from $279.00 to $292.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Jefferies Financial Group lifted their price objective on Visa from $320.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Seaport Res Ptn raised Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $355.31.

Visa Stock Down 0.4 %

Shares of Visa stock traded down $1.47 during trading on Friday, hitting $349.02. 3,789,798 shares of the stock traded hands, compared to its average volume of 5,653,773. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $357.15. The stock's fifty day simple moving average is $328.47 and its 200 day simple moving average is $301.39. The firm has a market cap of $648.41 billion, a P/E ratio of 35.10, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, equities analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa's dividend payout ratio (DPR) is presently 23.79%.

Insider Activity

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the business's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the transaction, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,885 shares of company stock worth $19,161,447. 0.13% of the stock is currently owned by company insiders.

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.