Visa Inc. (NYSE:V) Stake Increased by William Allan Corp

William Allan Corp boosted its stake in Visa Inc. (NYSE:V) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,868 shares of the credit-card processor’s stock after acquiring an additional 37 shares during the period. Visa accounts for 3.1% of William Allan Corp’s portfolio, making the stock its 11th largest position. William Allan Corp’s holdings in Visa were worth $5,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Montis Financial LLC acquired a new stake in shares of Visa during the 3rd quarter valued at approximately $374,000. Mechanics Bank Trust Department increased its stake in Visa by 1.2% during the third quarter. Mechanics Bank Trust Department now owns 32,846 shares of the credit-card processor’s stock valued at $9,031,000 after purchasing an additional 386 shares during the last quarter. Annex Advisory Services LLC increased its stake in Visa by 15.3% during the third quarter. Annex Advisory Services LLC now owns 151,319 shares of the credit-card processor’s stock valued at $41,605,000 after purchasing an additional 20,109 shares during the last quarter. Carnegie Investment Counsel raised its holdings in shares of Visa by 7.4% during the third quarter. Carnegie Investment Counsel now owns 103,481 shares of the credit-card processor’s stock worth $28,452,000 after purchasing an additional 7,106 shares during the period. Finally, CHICAGO TRUST Co NA lifted its position in shares of Visa by 0.8% in the 3rd quarter. CHICAGO TRUST Co NA now owns 20,496 shares of the credit-card processor’s stock worth $5,635,000 after buying an additional 170 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,056 shares of company stock worth $19,830,050. 0.13% of the stock is owned by insiders.

Visa Stock Up 0.2 %

V opened at $348.26 on Monday. The stock’s fifty day moving average is $321.08 and its 200-day moving average is $295.90. Visa Inc. has a one year low of $252.70 and a one year high of $351.25. The company has a market capitalization of $647.00 billion, a PE ratio of 35.11, a P/E/G ratio of 2.32 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12.

Visa (NYSE:V) last issued 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%. On average, equities analysts predict that Visa Inc. will post 11.27 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s payout ratio is 23.79%.

Analyst Ratings Changes

V has been the subject of a number of recent research reports. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Friday, January 31st. Barclays raised 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. Susquehanna upped their price objective on Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company increased their target price on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and an average price target of $354.73.

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.