Visa Inc. (NYSE:V) Stock Position Boosted by Cumberland Partners Ltd

Cumberland Partners Ltd raised its holdings in Visa Inc. (NYSE:V - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 152,652 shares of the credit-card processor's stock after purchasing an additional 750 shares during the period. Visa comprises 3.4% of Cumberland Partners Ltd's holdings, making the stock its 8th largest position. Cumberland Partners Ltd's holdings in Visa were worth $48,244,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in V. Swedbank AB boosted its holdings in Visa by 10.7% in the 3rd quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor's stock worth $566,153,000 after buying an additional 199,440 shares during the last quarter. Howard Capital Management Group LLC boosted its stake in shares of Visa by 0.6% in the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor's stock worth $29,242,000 after acquiring an additional 610 shares during the last quarter. Monte Financial Group LLC increased its position in shares of Visa by 2.9% during the third quarter. Monte Financial Group LLC now owns 5,567 shares of the credit-card processor's stock worth $1,531,000 after purchasing an additional 155 shares in the last quarter. RAM Investment Partners LLC raised its stake in Visa by 3.5% in the 3rd quarter. RAM Investment Partners LLC now owns 1,904 shares of the credit-card processor's stock valued at $524,000 after purchasing an additional 64 shares during the last quarter. Finally, McAdam LLC lifted its holdings in Visa by 2.9% in the 3rd quarter. McAdam LLC now owns 3,345 shares of the credit-card processor's stock valued at $920,000 after purchasing an additional 95 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on V shares. TD Cowen upped their target price on shares of Visa from $318.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Susquehanna increased their price objective on shares of Visa from $395.00 to $410.00 and gave the company a "positive" rating in a report on Friday. Piper Sandler reissued an "overweight" rating and issued a $383.00 target price (up from $368.00) on shares of Visa in a research note on Friday, January 31st. The Goldman Sachs Group upped their price target on Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Finally, Barclays lifted their price objective on Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Visa currently has an average rating of "Moderate Buy" and a consensus target price of $353.96.

Insiders Place Their Bets

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the sale, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares of the company's stock, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,885 shares of company stock worth $19,161,447 over the last three months. Company insiders own 0.13% of the company's stock.

Visa Trading Down 0.6 %

Shares of NYSE:V traded down $2.22 during mid-day trading on Friday, reaching $348.27. 6,910,504 shares of the company were exchanged, compared to its average volume of 5,472,298. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $357.15. 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 firm's 50-day simple moving average is $329.14 and its 200 day simple moving average is $302.03. The firm has a market cap of $647.01 billion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 2.33 and a beta of 0.97.

Visa (NYSE:V - Get Free Report) last released its quarterly 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 return on equity of 54.79% and a net margin of 54.27%. Equities research analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa's dividend payout ratio is currently 23.79%.

Visa Company 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.