Main Street Research LLC Has $53.10 Million Position in Visa Inc. (NYSE:V)

Main Street Research LLC increased its stake in shares of Visa Inc. (NYSE:V - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,028 shares of the credit-card processor's stock after purchasing an additional 4,262 shares during the quarter. Visa makes up about 3.3% of Main Street Research LLC's portfolio, making the stock its 13th largest holding. Main Street Research LLC's holdings in Visa were worth $53,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in V. Peterson Financial Group Inc. acquired a new stake in shares of Visa during the third quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new position in Visa in the 4th quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in Visa in the 4th quarter valued at approximately $27,000. POM Investment Strategies LLC boosted its position 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 buying an additional 32 shares during the period. Finally, Modus Advisors LLC bought a new stake in Visa during the 4th quarter worth approximately $32,000. Institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In related news, CAO Peter M. Andreski sold 2,332 shares of the company's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the sale, the chief accounting officer now directly owns 4,488 shares in the company, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction that occurred on 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 of the company's stock, valued at $4,054,500. This represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 64,505 shares of company stock worth $22,290,507 in the last quarter. Insiders own 0.13% of the company's stock.

Visa Stock Up 0.5 %

V stock opened at $345.79 on Monday. The stock has a market cap of $642.41 billion, a P/E ratio of 34.86, a P/E/G ratio of 2.33 and a beta of 0.95. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock's fifty day simple moving average is $336.18 and its two-hundred day simple moving average is $308.92. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54.

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Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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%. Analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio is currently 23.79%.

Analysts Set New Price Targets

Several research firms have recently issued reports on V. Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a research note on Thursday, February 13th. William Blair reaffirmed an "outperform" rating on shares of Visa in a research report on Friday, January 31st. Barclays increased their price target on Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Raymond James restated an "outperform" rating and issued a $393.00 target price (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Finally, UBS Group increased their price target on Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Visa currently has an average rating of "Moderate Buy" and an average price target of $353.96.

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.

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