Sanders Capital LLC Makes New $623.02 Million Investment in Visa Inc. (NYSE:V)

Sanders Capital LLC acquired a new position in Visa Inc. (NYSE:V - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,971,340 shares of the credit-card processor's stock, valued at approximately $623,022,000. Visa accounts for approximately 0.9% of Sanders Capital LLC's investment portfolio, making the stock its 29th biggest holding. Sanders Capital LLC owned about 0.11% of Visa at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Decker Retirement Planning Inc. bought a new stake in Visa during the 4th quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Visa in the 4th quarter worth approximately $27,000. POM Investment Strategies LLC lifted its position in Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after acquiring an additional 32 shares in the last quarter. Modus Advisors LLC purchased a new stake in Visa during the 4th quarter valued at $32,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Visa in the 4th quarter worth $32,000. Institutional investors own 82.15% of the company's stock.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total value of $3,020,792.80. Following the transaction, the chief executive officer now owns 537 shares of the company's stock, valued at $188,186.28. This represents a 94.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the company's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the sale, the insider now owns 36,566 shares of the company's stock, valued at $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,205 shares of company stock worth $48,842,490 over the last quarter. Company insiders own 0.13% of the company's stock.

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Visa Trading Up 0.2 %

Shares of NYSE:V traded up $0.70 during trading on Tuesday, hitting $335.88. The company had a trading volume of 4,383,107 shares, compared to its average volume of 7,242,081. The stock has a market cap of $623.98 billion, a price-to-earnings ratio of 33.86, a price-to-earnings-growth 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 company has a fifty day simple moving average of $341.89 and a two-hundred day simple moving average of $319.63. Visa Inc. has a one year low of $252.70 and a one year high of $366.54.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating 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%. As a group, equities analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

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

Wall Street Analysts Forecast Growth

V has been the topic of a number of research analyst reports. UBS Group upped their price target on Visa from $350.00 to $400.00 and gave the company a "buy" rating in a report on Friday, January 31st. JPMorgan Chase & Co. lifted their price target on shares of Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Seaport Res Ptn upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a research report on Thursday, February 13th. Finally, Barclays increased their price target on Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Visa presently has a consensus rating of "Moderate Buy" and a consensus price target of $355.84.

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.