Whittier Trust Co. Has $137.21 Million Stock Position in Visa Inc. (NYSE:V)

Whittier Trust Co. decreased its holdings in Visa Inc. (NYSE:V - Free Report) by 0.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 434,176 shares of the credit-card processor's stock after selling 1,259 shares during the period. Visa makes up about 1.8% of Whittier Trust Co.'s portfolio, making the stock its 11th biggest position. Whittier Trust Co.'s holdings in Visa were worth $137,212,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp grew its holdings in shares of Visa by 4.5% during the third quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor's stock valued at $21,064,179,000 after buying an additional 3,327,977 shares during the last quarter. FMR LLC boosted its stake in Visa by 6.1% in the third quarter. FMR LLC now owns 57,111,843 shares of the credit-card processor's stock valued at $15,702,901,000 after acquiring an additional 3,265,518 shares during the last quarter. Geode Capital Management LLC increased its holdings in Visa by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor's stock worth $10,601,135,000 after acquiring an additional 2,772,549 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Visa by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,241,003 shares of the credit-card processor's stock valued at $3,868,646,000 after buying an additional 718,558 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Visa by 1.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,597,969 shares of the credit-card processor's stock worth $3,188,862,000 after buying an additional 123,927 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts recently weighed in on V shares. Susquehanna reaffirmed a "positive" rating on shares of Visa in a research note on Friday. Morgan Stanley increased their target price on Visa from $326.00 to $371.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Barclays lifted their price target on Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. increased their price objective on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, William Blair reiterated an "outperform" rating on shares of Visa in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Visa presently has an average rating of "Moderate Buy" and a consensus price target of $353.96.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the sale, the insider now owns 26,413 shares of the company's stock, valued at approximately $8,991,249.33. The trade was a 59.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the sale, the chief executive officer now directly owns 537 shares in the company, valued at $194,931. This trade represents a 94.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,205 shares of company stock worth $48,560,961 in the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

Visa Trading Up 2.5 %

Shares of V traded up $8.30 during mid-day trading on Monday, hitting $343.96. The company had a trading volume of 5,673,845 shares, compared to its average volume of 6,725,808. The business's 50-day simple moving average is $341.23 and its 200-day simple moving average is $313.75. 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. The stock has a market cap of $639.00 billion, a PE ratio of 34.67, a P/E/G ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results 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%. 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 disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. Visa's dividend payout ratio (DPR) is 23.79%.

Visa 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.