Willner & Heller LLC Invests $968,000 in Visa Inc. (NYSE:V)

Willner & Heller LLC acquired a new stake in Visa Inc. (NYSE:VFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,719 shares of the credit-card processor’s stock, valued at approximately $968,000. Visa makes up approximately 1.1% of Willner & Heller LLC’s holdings, making the stock its 26th largest position.

Several other hedge funds have also added to or reduced their stakes in the business. Fisher Asset Management LLC increased its holdings in Visa by 1.9% during the 4th quarter. Fisher Asset Management LLC now owns 8,900,179 shares of the credit-card processor’s stock worth $2,317,162,000 after purchasing an additional 166,767 shares in the last quarter. Greenwood Capital Associates LLC boosted its position in shares of Visa by 7.7% during the fourth quarter. Greenwood Capital Associates LLC now owns 997 shares of the credit-card processor’s stock worth $260,000 after buying an additional 71 shares during the period. Slagle Financial LLC grew its holdings in shares of Visa by 93.3% during the fourth quarter. Slagle Financial LLC now owns 10,276 shares of the credit-card processor’s stock worth $2,675,000 after buying an additional 4,959 shares in the last quarter. CCM Investment Advisers LLC raised its position in Visa by 2.2% in the 4th quarter. CCM Investment Advisers LLC now owns 59,578 shares of the credit-card processor’s stock valued at $15,511,000 after buying an additional 1,306 shares during the last quarter. Finally, PBCay One RSC Ltd bought a new stake in Visa in the 4th quarter valued at approximately $6,589,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insiders Place Their Bets

In other Visa news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Visa news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the transaction, the insider now owns 17,894 shares in the company, valued at approximately $4,959,322.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,402 shares of company stock worth $9,559,382. Company insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on V. TD Cowen started coverage on Visa in a research note on Thursday, April 11th. They set a “buy” rating and a $320.00 price objective on the stock. Evercore ISI upped their price target on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Redburn Atlantic reissued a “neutral” rating and issued a $307.00 price objective on shares of Visa in a research report on Wednesday, March 27th. Royal Bank of Canada upped their target price on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Finally, Macquarie raised their target price on shares of Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $303.76.

Check Out Our Latest Report on Visa

Visa Trading Down 0.2 %

NYSE V traded down $0.53 on Friday, hitting $270.66. The company’s stock had a trading volume of 8,537,260 shares, compared to its average volume of 5,425,052. The company’s 50-day moving average is $274.17 and its 200 day moving average is $272.48. The firm has a market cap of $495.02 billion, a PE ratio of 30.24, a PEG ratio of 1.85 and a beta of 0.97. Visa Inc. has a 1-year low of $221.37 and a 1-year high of $290.96. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:VGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same quarter in the previous year, the company posted $2.09 EPS. The business’s revenue was up 9.9% on a year-over-year basis. As a group, analysts predict that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were given a dividend of $0.52 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. Visa’s dividend payout ratio (DPR) is currently 23.24%.

Visa Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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