Visa Inc. (NYSE:V) Shares Purchased by Capital International Investors

Capital International Investors grew its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,816,573 shares of the credit-card processor's stock after purchasing an additional 866,596 shares during the period. Visa accounts for 1.4% of Capital International Investors' portfolio, making the stock its 15th biggest position. Capital International Investors owned approximately 1.28% of Visa worth $7,526,660,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Norges Bank acquired a new stake in Visa in the fourth quarter worth $5,171,271,000. Vanguard Group Inc. increased its holdings in shares of Visa by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after acquiring an additional 7,079,706 shares during the period. Raymond James Financial Inc. bought a new stake in Visa in the 4th quarter valued at about $1,955,403,000. Proficio Capital Partners LLC boosted its stake in Visa by 17,018.7% during the 4th quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock valued at $1,248,079,000 after purchasing an additional 3,926,049 shares during the period. Finally, Sanders Capital LLC bought a new position in Visa in the 4th quarter worth about $623,022,000. 82.15% of the stock is currently owned by institutional investors.

Visa Trading Down 0.6 %

NYSE:V opened at $329.26 on Friday. The stock has a fifty day simple moving average of $341.11 and a 200 day simple moving average of $320.08. The firm has a market capitalization of $611.69 billion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

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

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is currently 23.79%.

Insider Activity

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Evercore ISI initiated coverage on Visa in a research report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price objective for the company. Susquehanna reiterated a "positive" rating on shares of Visa in a research report on Friday, March 21st. Keefe, Bruyette & Woods reissued a "hold" rating on shares of Visa in a report on Thursday, February 13th. Citigroup reaffirmed a "neutral" rating on shares of Visa in a report on Thursday, February 13th. Finally, Barclays raised their target price on shares of Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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