Cheviot Value Management LLC Has $20.82 Million Stock Holdings in Visa Inc. (NYSE:V)

Cheviot Value Management LLC grew its holdings in Visa Inc. (NYSE:V - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 65,886 shares of the credit-card processor's stock after buying an additional 2,406 shares during the quarter. Visa makes up 4.0% of Cheviot Value Management LLC's portfolio, making the stock its 7th largest position. Cheviot Value Management LLC's holdings in Visa were worth $20,823,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in V. Decker Retirement Planning Inc. acquired a new position in Visa during the 4th quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in Visa in the fourth quarter valued at approximately $27,000. POM Investment Strategies LLC grew its holdings in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after acquiring an additional 32 shares during the period. Modus Advisors LLC bought a new stake in shares of Visa during the 4th quarter valued at $32,000. Finally, Compass Planning Associates Inc acquired a new position in shares of Visa in the 4th quarter valued at $32,000. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the transaction, the general counsel now owns 11,925 shares in the company, valued at $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the sale, the chief executive officer now owns 537 shares in the company, valued at $194,931. This represents a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,205 shares of company stock valued at $48,842,490. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on V. Wells Fargo & Company raised their target price on Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Bank of America boosted their price target on shares of Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Citigroup restated a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Finally, Evercore ISI initiated coverage on Visa in a report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Visa presently has a consensus rating of "Moderate Buy" and an average target price of $358.17.

Visa Price Performance

Shares of V stock traded down $0.21 during trading on Friday, hitting $335.50. The company had a trading volume of 4,451,694 shares, compared to its average volume of 7,211,210. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The firm has a market capitalization of $623.28 billion, a P/E ratio of 33.82, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The stock's 50-day moving average price is $338.42 and its 200 day moving average price is $322.66.

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

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.70%. Visa's dividend payout ratio (DPR) is currently 23.79%.

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.