Giverny Capital Inc. Purchases 3,957 Shares of Visa Inc. (NYSE:V)

Giverny Capital Inc. boosted its position in shares of Visa Inc. (NYSE:V - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 395,717 shares of the credit-card processor's stock after buying an additional 3,957 shares during the period. Visa accounts for approximately 4.6% of Giverny Capital Inc.'s portfolio, making the stock its 9th biggest holding. Giverny Capital Inc.'s holdings in Visa were worth $125,062,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in V. Riverstone Advisors LLC acquired a new position in shares of Visa during the fourth quarter worth about $217,000. Journey Strategic Wealth LLC increased its position in Visa by 16.4% during the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock worth $3,058,000 after purchasing an additional 1,361 shares during the period. King Wealth Management Group raised its stake in shares of Visa by 9.0% during the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock worth $23,663,000 after buying an additional 6,172 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Visa in the 4th quarter valued at approximately $10,163,000. Finally, Copley Financial Group Inc. purchased a new stake in shares of Visa in the third quarter valued at approximately $616,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Trading Up 1.0 %

NYSE:V traded up $3.38 during trading hours on Tuesday, reaching $338.56. 453,848 shares of the company were exchanged, compared to its average volume of 6,860,983. The firm has a market cap of $628.98 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 2.33 and a beta of 0.94. The stock has a 50 day simple moving average of $342.12 and a 200 day simple moving average of $319.51. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Remove Ads

Visa (NYSE:V - Get Free Report) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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%. As a group, analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

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

Insider Activity at Visa

In other news, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the sale, the insider now owns 26,413 shares of the company's stock, valued at $8,642,333.60. This represents a 59.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now owns 537 shares in the company, valued at approximately $188,186.28. The trade was a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,205 shares of company stock worth $48,842,490. Company insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on V shares. StockNews.com downgraded Visa from a "buy" rating to a "hold" rating in a report on Monday, April 7th. Morgan Stanley increased their target price on shares of Visa from $326.00 to $371.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Barclays upped their price target on Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lifted their price objective on Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Finally, Raymond James restated an "outperform" rating and issued a $393.00 price target (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Seven 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 company. According to MarketBeat.com, Visa currently has an average rating of "Moderate Buy" and an average 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.