Jacobs & Co. CA Has $26.74 Million Position in Visa Inc. (NYSE:V)

Jacobs & Co. CA lowered its holdings in Visa Inc. (NYSE:V - Free Report) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,621 shares of the credit-card processor's stock after selling 1,898 shares during the period. Visa comprises 2.7% of Jacobs & Co. CA's holdings, making the stock its 6th biggest holding. Jacobs & Co. CA's holdings in Visa were worth $26,743,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in V. AdvisorShares Investments LLC increased its holdings in shares of Visa by 4.3% in the 2nd quarter. AdvisorShares Investments LLC now owns 1,695 shares of the credit-card processor's stock valued at $446,000 after purchasing an additional 70 shares during the period. Qsemble Capital Management LP lifted its position in Visa by 187.7% in the 2nd quarter. Qsemble Capital Management LP now owns 15,550 shares of the credit-card processor's stock worth $4,081,000 after buying an additional 10,146 shares in the last quarter. Cibc World Market Inc. boosted its stake in shares of Visa by 2.2% during the 2nd quarter. Cibc World Market Inc. now owns 882,371 shares of the credit-card processor's stock valued at $231,596,000 after buying an additional 19,232 shares during the period. Y.D. More Investments Ltd grew its holdings in shares of Visa by 9.4% during the 2nd quarter. Y.D. More Investments Ltd now owns 17,109 shares of the credit-card processor's stock valued at $4,490,000 after acquiring an additional 1,466 shares in the last quarter. Finally, Achmea Investment Management B.V. increased its stake in shares of Visa by 3.5% in the second quarter. Achmea Investment Management B.V. now owns 185,329 shares of the credit-card processor's stock worth $48,644,000 after acquiring an additional 6,253 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

V has been the subject of a number of research reports. Barclays lifted their price objective on Visa from $319.00 to $347.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. Morgan Stanley boosted their price target on Visa from $326.00 to $371.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Mizuho lifted their target price on shares of Visa from $279.00 to $292.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. TD Cowen increased their price target on shares of Visa from $318.00 to $325.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Finally, Macquarie raised their price target on shares of Visa from $300.00 to $335.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $330.85.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $668,602.87. Following the sale, the insider now owns 17,894 shares of the company's stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.

Visa Price Performance

V traded down $4.89 during midday trading on Friday, reaching $307.71. 6,659,990 shares of the company's stock were exchanged, compared to its average volume of 5,498,643. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The business has a 50-day simple moving average of $312.14 and a two-hundred day simple moving average of $286.85. The firm has a market capitalization of $573.23 billion, a price-to-earnings ratio of 31.62, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96. Visa Inc. has a one year low of $252.70 and a one year high of $321.61.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS 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 business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter last year, the company earned $2.33 EPS. Visa's revenue was up 11.7% on a year-over-year basis. As a group, research analysts predict that Visa Inc. will post 11.23 EPS for the current year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.77%. This is a positive change from Visa's previous quarterly dividend of $0.52. Visa's payout ratio is currently 24.25%.

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.