Visa Inc. (NYSE:V) Shares Bought by Planning Capital Management Corp

Planning Capital Management Corp raised its position in Visa Inc. (NYSE:V) by 34.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 6,121 shares of the credit-card processor’s stock after acquiring an additional 1,580 shares during the period. Visa makes up 1.1% of Planning Capital Management Corp’s investment portfolio, making the stock its 22nd largest holding. Planning Capital Management Corp’s holdings in Visa were worth $1,683,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Wealthstream Advisors Inc. increased its holdings in shares of Visa by 25.5% in the 3rd quarter. Wealthstream Advisors Inc. now owns 1,211 shares of the credit-card processor’s stock valued at $333,000 after purchasing an additional 246 shares in the last quarter. Zions Bancorporation N.A. increased its holdings in Visa by 17.4% during the 3rd quarter. Zions Bancorporation N.A. now owns 42,253 shares of the credit-card processor’s stock valued at $11,617,000 after acquiring an additional 6,255 shares in the last quarter. KBC Group NV increased its holdings in Visa by 17.5% during the 3rd quarter. KBC Group NV now owns 1,159,699 shares of the credit-card processor’s stock valued at $318,859,000 after acquiring an additional 172,549 shares in the last quarter. ROI Financial Advisors LLC increased its holdings in Visa by 6.5% during the 3rd quarter. ROI Financial Advisors LLC now owns 17,922 shares of the credit-card processor’s stock valued at $4,928,000 after acquiring an additional 1,092 shares in the last quarter. Finally, Fortis Capital Management LLC increased its holdings in Visa by 4.7% during the 3rd quarter. Fortis Capital Management LLC now owns 17,921 shares of the credit-card processor’s stock valued at $4,927,000 after acquiring an additional 812 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at $148,687.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on V shares. Jefferies Financial Group raised their target price on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Robert W. Baird raised their price target on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. raised their price target on shares of Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Bank of America raised their price target on shares of Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Finally, Royal Bank of Canada raised their price target on shares of Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average target price of $321.74.

Visa Trading Down 0.1 %

V opened at $309.51 on Thursday. The firm has a market capitalization of $564.02 billion, a P/E ratio of 31.81, a P/E/G ratio of 2.07 and a beta of 0.95. The firm’s 50 day moving average is $285.84 and its 200-day moving average is $275.41. Visa Inc. has a 52-week low of $245.34 and a 52-week high of $312.44. The company has a quick ratio of 1.37, a current ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the firm earned $2.33 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. Analysts expect that Visa Inc. will post 11.19 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.59 per share. This is a positive change from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $2.36 annualized dividend and a yield of 0.76%. Visa’s payout ratio is presently 24.25%.

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.