Milestone Resources Group Ltd Has $2.13 Million Stock Holdings in Visa Inc. (NYSE:V)

Milestone Resources Group Ltd reduced its position in shares of Visa Inc. (NYSE:V - Free Report) by 97.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,761 shares of the credit-card processor's stock after selling 307,562 shares during the period. Visa makes up about 0.1% of Milestone Resources Group Ltd's investment portfolio, making the stock its 24th largest position. Milestone Resources Group Ltd's holdings in Visa were worth $2,134,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Peterson Financial Group Inc. bought a new stake in shares of Visa during the 3rd quarter worth $26,000. POM Investment Strategies LLC boosted its position in shares of Visa by 970.0% in the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor's stock valued at $28,000 after purchasing an additional 97 shares during the period. Reston Wealth Management LLC purchased a new position in Visa in the 3rd quarter worth about $31,000. TruNorth Capital Management LLC raised its holdings in Visa by 211.9% during the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor's stock worth $34,000 after buying an additional 89 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. acquired a new stake in Visa during the 2nd quarter worth about $35,000. 82.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

V has been the topic of several analyst reports. Mizuho lifted their target price on shares of Visa from $279.00 to $292.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Macquarie lifted their price objective on shares of Visa from $300.00 to $335.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on shares of Visa from $290.00 to $320.00 and gave the company an "overweight" rating in a research note on Tuesday, August 20th. Jefferies Financial Group raised their target price on Visa from $320.00 to $330.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Visa from $300.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Visa presently has an average rating of "Moderate Buy" and a consensus target price of $324.74.

Visa Stock Up 0.2 %

Shares of NYSE:V traded up $0.58 on Friday, reaching $314.81. The company had a trading volume of 4,682,165 shares, compared to its average volume of 6,884,873. The stock has a market capitalization of $586.45 billion, a P/E ratio of 32.40, a P/E/G ratio of 2.11 and a beta of 0.96. The stock has a 50-day moving average price of $298.56 and a 200 day moving average price of $280.71. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $317.42. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same period in the previous year, the company earned $2.33 EPS. The company's revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities analysts expect that Visa Inc. will post 11.19 EPS for the current year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were issued a dividend of $0.59 per share. This is an increase from Visa's previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Tuesday, November 12th. Visa's dividend payout ratio is currently 24.25%.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares of the company's stock, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.19% of the stock is currently owned by company insiders.

Visa 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.