Bedrijfstakpensioenfonds Voor DE Media PNO Has $16.18 Million Holdings in Visa Inc. (NYSE:V)

Bedrijfstakpensioenfonds Voor DE Media PNO cut its stake in shares of Visa Inc. (NYSE:V) by 32.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,000 shares of the credit-card processor’s stock after selling 26,000 shares during the period. Visa comprises approximately 2.0% of Bedrijfstakpensioenfonds Voor DE Media PNO’s investment portfolio, making the stock its 17th biggest position. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Visa were worth $16,176,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of V. Ameriprise Financial Inc. boosted its position in Visa by 2.4% during the second quarter. Ameriprise Financial Inc. now owns 14,610,590 shares of the credit-card processor’s stock valued at $3,833,981,000 after acquiring an additional 345,829 shares during the last quarter. Employees Retirement System of Texas boosted its position in Visa by 128.7% during the second quarter. Employees Retirement System of Texas now owns 44,673 shares of the credit-card processor’s stock valued at $11,725,000 after acquiring an additional 25,140 shares during the last quarter. Dundas Partners LLP boosted its position in shares of Visa by 3.4% during the 2nd quarter. Dundas Partners LLP now owns 147,604 shares of the credit-card processor’s stock worth $38,741,000 after purchasing an additional 4,899 shares in the last quarter. Drucker Wealth 3.0 LLC bought a new position in shares of Visa during the 2nd quarter worth about $2,525,000. Finally, Delta Investment Management LLC boosted its position in shares of Visa by 8.9% during the 2nd quarter. Delta Investment Management LLC now owns 7,908 shares of the credit-card processor’s stock worth $2,076,000 after purchasing an additional 648 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. TD Cowen increased their price objective on shares of Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Royal Bank of Canada increased their price objective on shares of Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. BMO Capital Markets increased their price objective on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Mizuho raised their price target on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Susquehanna raised their price target on shares of Visa from $339.00 to $375.00 and gave the company a “positive” rating in a research report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $332.81.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction 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 directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Visa Trading Up 1.4 %

Shares of V stock opened at $328.18 on Friday. The company has a 50 day moving average of $314.14 and a 200-day moving average of $289.71. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $328.51. The firm has a market cap of $611.36 billion, a P/E ratio of 33.73, a PEG ratio of 2.17 and a beta of 0.96.

Visa (NYSE:V) last released its quarterly earnings data 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. The company had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. Visa’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the firm earned $2.33 EPS. Sell-side analysts anticipate that Visa Inc. will post 11.2 earnings per share for the current year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were issued a $0.59 dividend. The ex-dividend date was Tuesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a yield of 0.72%. Visa’s dividend payout ratio (DPR) is 24.25%.

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.