6,122 Shares in Visa Inc. (NYSE:V) Purchased by Bolthouse Investments LLC

Bolthouse Investments LLC bought a new position in shares of Visa Inc. (NYSE:V - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,122 shares of the credit-card processor's stock, valued at approximately $1,935,000. Visa makes up 1.8% of Bolthouse Investments LLC's investment portfolio, making the stock its 13th biggest holding.

Several other large investors also recently bought and sold shares of the company. Wills Financial Group Inc. raised its holdings in shares of Visa by 79.2% in the fourth quarter. Wills Financial Group Inc. now owns 11,049 shares of the credit-card processor's stock worth $3,492,000 after acquiring an additional 4,882 shares during the last quarter. Vulcan Value Partners LLC increased its position in Visa by 5.3% during the 4th quarter. Vulcan Value Partners LLC now owns 1,003,524 shares of the credit-card processor's stock worth $317,110,000 after purchasing an additional 50,208 shares in the last quarter. Boothbay Fund Management LLC raised its stake in Visa by 83.5% in the 4th quarter. Boothbay Fund Management LLC now owns 6,375 shares of the credit-card processor's stock valued at $2,015,000 after purchasing an additional 2,900 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in Visa by 4.2% in the 4th quarter. Coldstream Capital Management Inc. now owns 58,858 shares of the credit-card processor's stock valued at $18,601,000 after purchasing an additional 2,396 shares in the last quarter. Finally, Capital Analysts LLC boosted its stake in shares of Visa by 2.5% during the 4th quarter. Capital Analysts LLC now owns 48,741 shares of the credit-card processor's stock worth $15,404,000 after purchasing an additional 1,197 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Insiders Place Their Bets

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the firm'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 owns 36,566 shares in the company, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the sale, the insider now directly owns 26,413 shares of the company's stock, valued at $8,642,333.60. The trade was a 59.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,205 shares of company stock valued at $48,842,490 over the last three months. 0.13% of the stock is owned by company insiders.

Visa Stock Performance

Shares of V traded down $0.21 during trading hours on Friday, hitting $335.50. The stock had a trading volume of 4,451,694 shares, compared to its average volume of 7,211,210. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The firm has a market capitalization of $623.28 billion, a PE ratio of 33.82, a PEG ratio of 2.33 and a beta of 0.94. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a fifty day moving average price of $338.42 and a 200 day moving average price of $322.98.

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

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Tuesday, February 11th. Visa's payout ratio is 23.79%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on V shares. The Goldman Sachs Group increased their price target on Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Evercore ISI initiated coverage on shares of Visa in a research report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target for the company. Wells Fargo & Company upped their price target on Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Citigroup reiterated a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. Finally, UBS Group upped their price objective on Visa from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $358.17.

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.